Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2022-2023 - Adrian Raftery - Страница 61

Senior Australians or pensioners may be eligible for an offset that allows them to earn more income before they have to pay tax and the Medicare levy.

As we saw earlier, if you are under the pension age (currently 66.5 and increasing to 67 in 2023 and 70 by 2035), you can earn an income of up to $25 437 before any tax is payable (see p. 15).

The tax rules get even better when you reach age pension age (or service pension age), as you may be able to access more generous tax-free thresholds, known as the senior and pensioner tax offset (SAPTO). Table 1.5 shows the thresholds for the SAPTO.

TABLE 1.5: thresholds for senior and pensioner tax offsets (SAPTO) (2022–23)

Source: © Australian Taxation Office for the Commonwealth of Australia.

	Maximum offset	Shaded-out threshold (taxable income)*	Cut-out threshold (taxable income)
Single	$2 230	$32 279	$50 119
Couple (each)	$1 602	$28 974**	$41 790**
Couple (combined)	$3 204	$57 948	$83 580
Couple (separated by illness)	$4 080	$62 558	$95 198

^* Maximum offset reduced by 12.5 cents for each $1 in excess of shaded-out threshold.

^** A taxpayer's taxable income is taken to be half the couple's combined taxable income.