PAYG Instalments

The Australian Taxation office has sent you a letter saying that you now have to pay PAYG Instalments. This has happened because your gross business or investment income has been greater than $2000.

If previously your gross business or investment income has been greater than $2000 and you have not bee put on PAYG instalments, it would have been because:-

  • your tax payable was less than $500
  • your notional tax is less than $250, or
  • you are entitled to the senior Australian tax offset or pension tax offset.