PAYG (Pay As You Go)
Paying tax through the year rather than in one lump.
PAYG is the ATO’s way of collecting income tax gradually through the year. PAYG withholding is tax an employer holds back from wages; PAYG instalments are prepayments a business or investor makes towards its own income tax, usually via the BAS, so there’s no big bill at year-end.
Grounded in ATO guidance. General information, not tax advice.
Related terms
BAS (Business Activity Statement)
The form GST-registered businesses use to report GST and PAYG.
GST (Goods and Services Tax)
Australia’s flat 10% tax on most goods and services.
Marginal tax rate
The tax rate on your next dollar of income.
GST turnover ($75,000 threshold)
The gross income figure that triggers GST registration.
← Back to the full glossary.
Let Fin handle the jargon for you
Connect your bank and Fin sorts your income, expenses and GST automatically — so terms like this just become numbers that are already worked out. Free to start, no card needed.
Get 2Fin free →