Don’t you just love another acronym to learn!
The seniors and pensioners tax offset (SAPTO) replaced the senior Australians tax offset (SATO) and the pensioner tax offset from 1 July 2012. This means older Australians who were previously eligible for either SATO or the pensioner tax offset may now be eligible for the SAPTO.
The rebate amount and thresholds are illustrated below:
Seniors and pensioners tax offset (SAPTO) | |||
Family status | Maximum tax offset | Shade-out threshold | Cut-out threshold |
Single | $2,230 | $32,279 | $50,119 |
Couple (each)33 | $1,602 | $28,974 | $41,790 |
Couple (separated due to illness)33 | $2,040 | $31,279 | $47,599 |
|
Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? Then why now contact me at our Castle Hill or Windsor office in Northwest Sydney to arrange a one on one consultation. Just click the Schedule Now button up on the left to find the appointment options.
Liam Shorte B.Bus SSA™ AFP
Financial Planner & SMSF Specialist Advisor™
Tel: 02 98941844, Mobile: 0413 936 299
PO Box 6002 BHBC, Baulkham Hills NSW 2153
5/15 Terminus St. Castle Hill NSW 2154
Corporate Authorised Representative of Viridian Select Pty Ltd ABN 41 621 447 345, AFSL 51572
This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.
SMSF finance
/ July 12, 2012Thanks for this post!!!!!!!
LikeLike