PAYG Withholding Reporting Obligations Due

If you have pay as you go (PAYG) withholding obligations in 2018–19 you must:

provide your member with a PAYG payment summary by 14 July 2019lodge a PAYG withholding payment summary annual report with us by 14 August 2019.

You have PAYG withholding obligations for super benefits you pay to members who are:

under 60 and the benefit is an income stream (pension) or a lump sumunder 60 and the death benefit is a pension which is a capped defined benefit income stream where the deceased was 60 or over when they died60 or over and the benefit is a pension which is a capped defined benefit income stream

Capped defined benefit income streams include life expectancy and market linked pensions which were payable before 1 July 2017 and reversionary income streams paid to beneficiaries.

You must provide this information even where you are paying an income stream and the rate of withholding is nil. This allows us to ensure the individual pays the correct rate of tax once all their pension income from all their funds is taken into consideration.

Members who receive a capped defined benefit income stream can use our defined benefit income cap tool to help them calculate how much income they need to include in their assessable income for the 2018–19 year and where they need to include it.


By Australian Government - Australian Taxation Office

17 June 2019

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