Australian Seniors and Pensioners Tax Offset (SAPTO)


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How much is the Seniors and Pensioners Tax Offset (SAPTO).

If you’re a Senior Australian, you may be eligible for the seniors and pensioners tax offset (SAPTO).

The SAPTO can reduce the amount of tax you are liable to pay. In some cases, it may reduce your tax liability to zero and you may not have to lodge a tax return.

To be eligible for this tax offset, you have to meet certain conditions relating to your income and eligibility for an Australian Government pension or allowance.

SAPTO thresholds for 2018/2019 year, 2017/2018 year, and for 2016/2017 year.

SAPTO threshold for Single Person.

$32,279 Full Offset Income Threshold
$50,119 Shade-Out Income Threshold
$ 2,230 Maximum Tax Offset Available

SAPTO threshold for Couple (each)*.

$28,974 Full Offset Income Threshold
$41,790 Shade-Out Income Threshold
$ 1,602 Maximum Tax Offset Available

SAPTO threshold for Couple (combined).

$57,948 Full Offset Income Threshold
$83,580 Shade-Out Income Threshold
$ 3,204* Maximum Tax Offset Available


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SAPTO threshold for Couple (each, living apart due to illness)*.

$31,279 Full Offset Income Threshold
$47,599 Shade-Out Income Threshold
$ 2,040 Maximum Tax Offset Available

SAPTO threshold for Couple (combined, living apart due to illness).

$62,558 Full Offset Income Threshold
$95,198 Shade-Out Income Threshold
$ 4,080* Maximum Tax Offset Available

 

Source and full infortmation at: https://www.superguide.com.au/smsfs/no-tax-retirement-sapto

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