You may not receive a payment summary if your employer reports through Single Touch Payroll (STP).
Instead, your payment summary information will be available in ATO online services through myGov. It is now called an 'income statement'.
If you don't want to create a myGov and link to the ATO you can phone us on 13 28 61 to get a copy of your income statement.
If you use a registered tax agent, they will have access to your income statement so they can complete your tax return.
Not all employers report through STP. You will continue to get a payment summary from any employer who has not yet started STP reporting.
Your income statement is the equivalent of a payment summary (which some people still call a group certificate).
Your income statement will show:
- your year-to-date salary and wages
- the tax that has been withheld
- the super amounts your employer has to pay for you.
This is similar to the information you would normally see on your payslip.
Your income statement will be updated each time your employer pays you. It may take a few days for the information to be available online.
After the end of the financial year, when your income statement has been finalised by your employer, the status will change to 'Tax ready'. This means the information is ready for you to use in your tax return.
In the 2019-20 Budget it was announced that we would expand the data collected through STP. This expansion is called STP Phase 2. It started during the 2021-22 financial year and changes how your employer reports information about payments they make to you.
When your employer starts reporting through STP Phase 2, your income statement will change. Because employers start reporting at different times, income statement changes also happen at different times.
In past years, your employer only reported amounts to us after your salary sacrificed amounts were taken out. Now, your income statement will display the:
- components of your salary and wages before salary sacrificed amounts are taken out
- amounts that you have sacrificed.
Your income statement will show your salary and wages separated into components including:
We add these components together and then take away the sacrificed amounts. That amount is shown in your income statement as Total Gross Amount.
The allowances you received are identified separately based on type, including:
- cents per kilometre car allowances
- award transport payments
- laundry allowances
- overtime meal allowances
- travel allowances
- tool allowances
- qualification and certification allowances
- task allowances
- other allowances.
We add these allowances together. The total is shown in your income statement as Total Allowances Amount.
We use the Total Gross Amount and Total Allowances Amount to prefill your tax return.
Example: changes to income statements
Noor worked for the same employer for the whole financial year. She was paid:
- $75,000 of ordinary wages
- $4,000 of higher duties allowance
- $1,500 of overtime
- $3,000 while on annual leave.
During the year, Noor chose to salary sacrifice $5,000 into her super.
Previously, her employer reported a single amount of $78,500. This was displayed in Noor’s income statement and prefilled into her tax return.
When her employer starts reporting through STP Phase 2, her income statement changes and she sees:
- income including:
- gross of $75,000
- overtime of $1,500
- paid leave of $3,000
- salary sacrifice of -$5,000
- allowances including:
- tasks of $4,000
Noor also sees totals of these amounts in her income statement as:
- Total Gross Amount of $74,500
- Total Allowances Amount of $4,000.
The Total Gross Amount and Total Allowances Amount are used to prefill Noor’s tax return.End of example
Once you have a myGov account set up and linked to ATO online services you should:
- Sign in to myGov
- select Australian Taxation Office
- select (from the top of the screen) Employment and then Income statements.
You can view your income statement at any time throughout the financial year. However, once your income statement information is finalised by your employer it will be identified as ‘Tax ready’.
After 1 July, your STP income statement information will be pre-filled into myTax, even if your employer hasn't finalised it yet. If your income statement shows as 'Not tax ready', you will see a red box with 'Required' next to your employer’s name.
To complete your tax return, you should wait until the information is 'Tax ready'.
However, if you choose to use information from an un-finalised income statement to lodge your tax return, you will need to:
- review this pre-filled information and decide whether you wish to use it before you submit your tax return
- acknowledge that
- your employer may finalise your income statement with different amounts
- you may need to amend your tax return and additional tax may be payable.
If you use a registered tax agent, they will have access to the information they need to complete your tax return.
If you have more than one job and your other employers have not yet started STP reporting, you should receive payment summaries from them.
Make sure you have all the information you need to prepare your tax return. This may include both an income statement and payment summaries from other employers.
If you think your income statement or payment summary information is incorrect, you should contact your employer (or employers).How to access your income statement online when your employer uses Single Touch Payroll.