Overview
The PAYG Payment Summary can be produced for pension members required to withhold PAYG through the Reports screen.
The summary can be prepared for each pension member, or for all active pension accounts.
The PAYG amount withheld will appear in the summary as a total for payments and amounts withheld posted to account 41600/MEMBERCODE. For more information on posting pension payments, refer to the Pension Payment help.
Note: The Simple Fund 360 PAYG Payment Summary cannot be lodged through Simple Fund 360 or manually. The information on this summary can be used in the ATO's PAYG Summary.
Prepare the PAYG Summary
| From the Main Toolbar, go to Reports. |
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| Select Reports. |
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From the Reports screen, in the left hand menu, select Letters / Minutes and then Add PAYG Payment Summary - Pension.
Select Options and Settings to select the Member the PAYG Summary is being prepared for.
Select OK. To download the summary, select Options | Settings and select Download PDF.
You can prepare a PAYG Summary for each member (where required). Simply complete the above steps for each member.
You can also add the summary to a Report Pack. See Reports for instructions.
Can I lodge the PAYG Payment Summary to the ATO?
The Simple Fund 360 PAYG Payment Summary cannot be lodged through Simple Fund 360 electronically or manually.
The information on this summary can be used to enter into the ATO's Stationary. Refer to https://www.ato.gov.au/Forms/PAYG-payment-summary---super-income-stream/
Tax Offset Amount Not Displaying
The Tax Offset column will only populate where an amount of Tax Withheld has been recorded during the year or Member is under 60
The Tax Withheld is recorded in the More Details Panel when recording Pension Payments.