Check if you are eligible for the seniors and pensioners offset (SAPTO).
On this page
Eligibility for the seniors and pensioners tax offset
Amount of seniors and pensioners tax offset
Eligibility for the seniors and pensioners tax offset
To be eligible for the seniors and pensioners tax offset (SAPTO), you must meet certain conditions relating to:
- your eligibility for an Australian Government pension or allowance
- your and your spouse's income
The SAPTO can reduce the amount of income tax you pay. However, you can't claim the SAPTO if you were in jail for the whole income year.
SAPTO is available on assessment of your tax return. It is a non-refundable tax offset.
What are Australian Government pensions and allowances?
- age pension
Income
You meet this condition if any of the following applied to you in 2021–22:
you didn't have a spouse and your rebate income was less than $50,119
you had a spouse and the combined rebate income of you and your spouse was less than $83,580 (less than $41,790 income for each partner)
at any time during the year
- you and your spouse had to live apart due to illness or because one of you was in a nursing home, and
- the combined rebate income of you and your spouse was less than $95,198 (less than $47,599 income for each partner).
The phrase 'had to live apart' due to illness, refers to situations where you and your spouse don't live together because one or both of you have an indefinitely continuing illness or infirmity and as a result your combined living expenses were increased.
The combined rebate income is the total of all of the following:
your rebate income
your spouse’s rebate income
the amount on which a trustee of a trust was liable to pay tax in respect of your spouse because your spouse was under a legal disability, such as being an undischarged bankrupt or a person who was declared legally incapable because of a mental condition.
Seniors and Pensioners Tax Offset (SAPTO) calculator on the link below
Rebate income (definition)
We work out what we call 'rebate income' to determine whether you are eligible for the seniors and pensioners tax offset.
Your rebate income is the total amount of your taxable income (disregarding your assessable First home super saver released amount), plus the following amounts if they apply to you:
reportable super contributions (includes both reportable employer super contributions and deductible personal super contributions)
total net investment loss (includes both net financial investment loss and net rental property loss)
adjusted fringe benefits total, that is the sum of
reportable fringe benefits amounts you received from employers exempt from fringe benefits tax under section 57A of the Fringe Benefits Tax Assessment Act 1986 multiplied by 0.53, and
reportable fringe benefits amounts from employers not exempt from fringe benefits tax under section 57A of the Fringe Benefits Tax Assessment Act 1986.
What Are Reportable Superannuation Contributions? (definition)
Reportable superannuation contributions are contributions made into superannuation over and above mandated super contributions.
The two categories of reportable super contributions are:
Reportable personal concessional contributions; and
Reportable employer super contributions (RESC).
0 comments:
Post a Comment