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08 Aug 08 On Superannuation PAYG Payment Summaries

MEMBER 5 writes:

"I have noticed 2008 PAYG Payment Summaries issued by Superannuation payers contain errors. For example, I have seen a super fund issuing a summary to a person over 60 showing the gross payment and a UPP amount. When questioned the super fund believed they were correct in issuing such a payment summary even though the allocated pension was from a taxed source and would be a non assessable non exempt amount. I have concerns if the ATO conduct data matching in the future and query the client's non disclosure of the alleged income. Has any other member come across this problem?"

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