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Is your SMSF meeting its PAYG obligations?

Posted on Apr 29, 2019 by admin

The ATO has called on self-managed funds to check whether they are meeting new pay-as-you-go (PAYG) withholding obligations for capped defined benefit income streams paid to their members.

SMSFs have PAYG obligations to withhold tax from income streams that have been paid to their members in circumstances where:

If you have no tax that you need to withhold from a member’s super, then you are required to provide the individual with a pension payment summary and lodge a PAYG withholding summary with the ATO. This should be done by 14 August, following the end of the financial year that the payment was made.

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Take the step and get help to grow your business, minimise tax and protect your hard-earned assets.
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Is your SMSF meeting its PAYG obligations? Is your SMSF meeting its PAYG obligations? Is your SMSF meeting its PAYG obligations? Is your SMSF meeting its PAYG obligations? Is your SMSF meeting its PAYG obligations?

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