For client who receive super income stream, the tax offset does not show on the PAYG summary, and we need to check & calculate ourselves.
- 1) check on the ATO to see if client is eligible for any tax offset – link
- If yes, we need to:
- 2) Calculate the offset – using ATO calculation tool
- 3) Save the calculation result page to working paper
- 4) Enter the tax offset amount manually in the tax return