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Pensioner Tax Offset (ceased 30 June 2012)
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Not refundable. These offsets can be used to reduce tax payable, but are not refundable, nor are they available to offset the Medicare levy.
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Changes from 1 July 2012
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From 1 July 2012, the Pensioner Tax Offset is no longer available and all individuals who would otherwise have been eligible for the Pensioner Tax Offset instead receive the Seniors and Pensioners Tax Offset (SAPTO).
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If you receive an Australian Government pension, or other payments or allowances paid by Centrelink listed at Question 6 in Tax Pack, but you do not qualify for SATO because you are below age or service pension age, you may be eligible for the Pensioner Tax Offset subject to your 'rebate income' being below the thresholds listed below. Different amounts apply to payments from the Department of Veterans Affairs.
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Changes to Income Test from 1 July 2009
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Tax Offset Code Letters
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2011/2012 Pensioner Tax Offset Thresholds
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Column 1
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Column 2
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Column 3
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Your pensioner tax offset code letter
See below
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You may get up to the full tax offset if your rebate income is equal to or less than this amount
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You will not get a tax offset if your rebate income is equal to or more than this amount (see note 1)
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Maximum tax offset (see note 2)
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S, Q*, J
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$25,060
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$47,932
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$2,859
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I*
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$24,034
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$45,674
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$2,705 (each)
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P*
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$19,367
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$35,407
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$2,005 (each)
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L, K*, R
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$25,060
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$47,932
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$2,859
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A*
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$24,034
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$45,674
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$2,705 (each)
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M*
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$19,367
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$35,407
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$2,005 (each)
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The tax offset reduces by 12.5 cents for every dollar above the rebate income amounts in column 1.
Notes
- For the code letters with an asterisk (*) you may still get a tax offset because of a transfer of the unused portion of your spouse’s senior Australians or pensioner tax offset.
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2010/2011 - Pensioner Tax Offset Thresholds
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Column 1
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Column 2
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Column 3
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Column 4
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Your pensioner tax offset code letter
See below
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You may get up to the full tax offset if your rebate income is equal to or less than this amount
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You will not get a tax offset if your rebate income is equal to or more than this amount (see note 1)
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Maximum tax offset (see note 2)
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Combined rebate income
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S, Q*, J
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$24,214
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$46,070
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$2,732
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$92,140
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I*
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$23,180
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$43,796
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$2,577 (each)
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$87,592
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P*
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$18,700
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$33,940
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$1,905 (each)
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$67,880
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L, K*, R
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$25,047
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$47,903
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$2,857
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$95,806
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A*
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$24,000
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$45,600
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$2,700 (each)
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$91,200
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M*
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$19,354
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$35,378
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$2,003 (each)
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$70,756
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The tax offset reduces by 12.5 cents for every dollar above the rebate income amounts in column 1.
Notes
- For the code letters with an asterisk (*) you may still get a tax offset because of a transfer of the unused portion of your spouse’s senior Australians or pensioner tax offset.
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2009/2010 - Pensioner Tax Offset Thresholds
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2008/2009 - Pensioner Tax Offset Thresholds
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2007/2008 - Pensioner Tax Offset Thresholds
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2006/2007 - Pensioner Tax Offset Thresholds
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2005/2006 - Pensioner Tax Offset Thresholds
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2004/2005 - Pensioner Tax Offset Thresholds
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Links to expert information on this topic
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This page was last modified on 28 December 2020
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