Re: Bank wants PAYG Summary but my employer gives an ATO Income Statement
Posted: Wed Aug 21, 2019 7:25 pm
Hello Angel. Welcome to the forums.
Banks are updating their assessment policies now to accept an ATO Income Statement as a form of income verification. The ATO Income Statement needs to be noted as being ‘Tax Ready’ to be acceptable. However, not every bank/lender has the system in place to accept these yet. The best course of action is to argue with the bank as they should be accepting it.
If not, speak with us and we can go with a bank that can from our panel of lenders.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a home loan.
Banks are updating their assessment policies now to accept an ATO Income Statement as a form of income verification. The ATO Income Statement needs to be noted as being ‘Tax Ready’ to be acceptable. However, not every bank/lender has the system in place to accept these yet. The best course of action is to argue with the bank as they should be accepting it.
If not, speak with us and we can go with a bank that can from our panel of lenders.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a home loan.