How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with either:
- An income statement – if your employer reports your income, tax and super information to us through Single Touch Payroll (STP) they are no longer required to give you a payment summary, this information will be made available to you through ATO online services via myGov and finalised by 31 July.
- A payment summary – if your employer is not yet reporting through STP they will continue to provide you with a payment summary by 14 July (as they do now).
Your employer will let you know if they won’t be giving you a payment summary this year. You should talk to your employer if you are unsure how they will be providing this information to you.
If you have more than one employer, you may receive both a payment summary and an income statement. You will need to check that income from your payment summaries is included in your return. This information may be pre-filled for you or you might need to enter it manually.
Please refer to https://www.ato.gov.au/Individuals/Working/Working-as-an-employee/Accessing-your-payment-summary/
Create a myGov account
myGov is a fast, simple way to access government services online. A secure myGov account lets you link to a range of Australian Government services with one username and password, all in one place.
Make sure you add your mobile number in order to use SMS code as your sign-in option for myGov. It’s a quick and secure way to sign in and access ATO online services.
Log in or create a myGov account
If you already have a myGov account but have forgotten your username or password, select the links to recover your usernameExternal Link or recover your passwordExternal Link.
Link your myGov account to the ATO
Select the Services tab on your myGov home page and select Australian Taxation Office. You will be prompted to update your sign-in option to use security codes if you did not add your mobile number when creating your myGov account.
You will need to provide additional information to identify your ATO record, including your given name, surname, TFN and date of birth.
You will then need to confirm your identity by answering two questions specific to you, using information contained in two of the following:
- a notice of assessment received in the last five years
- a PAYG payment summary received in the last two years
- a super account statement from the last five years
- a dividends statement from the last two years
- a Centrelink payment summary from the last two years, or
- your bank account details. If you choose to use your bank account to confirm your identity, it must be an account you had your individual income tax refund paid into last year, or one that has earned interest in the last two years.
If you do not have enough information, you will need to call us to get a unique linking code to help you complete this process. When you call, make sure you have your identification information ready, such as your TFN, driver’s licence or Medicare card.
Watch: https://www.youtube.com/watch?v=XdxS-tirSZQ
This is a link to a video about Creating a myGov account and how to link it to the ATO
https://www.youtube.com/watch?v=1t7shuGoNL8
If you have any questions, do not hesitate to contact us in the new year.