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Dependants | Senior Australian Tax Offset | Pensioner Tax Offset | Australian Superannuation Income Stream Tax Offset | Other Offsets | Spouse Superannuation Contribution | Spouse Superannuation Contribution | Mature Age Worker Tax Offset | Private Health Insurance Rebate | Child Care Tax Offset | 25% Entrepreneurs Tax Offset | Zone Rebates | Links to reference websites
| Spouse (legal or de facto) |
$2,159 |
| Child-housekeeper, Housekeeper - no dependants |
$1,759 |
| Child-housekeeper, Housekeeper - with dependant child or student |
$2,108 |
| ALL - |
RRebates reduced by $1 for every complete $4 dependant's SNI exceeds $282. |
| SPOUSE - |
Spouses SNI cannot exceed $8,917
Can only be claimed if not entitled to FBT part B. |
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|
| |
Taxable Income |
| Circumstances |
Lower income threshold |
Upper income threshold |
Maximum tax offset |
| Single, separated or widowed |
$28,867 |
$46,707 |
$2,230 |
| Spouse (married or defacto) living apart due to illness |
$27,600 |
$43,920 |
$2,040 |
| Spouse (married or defacto) |
$24,680 |
$37,496 |
$1,602 |
In order to be eligible for the Senior Tax Offset ALL the following conditions must be met:
A male aged 65 or more or a female aged 63 or more (Veterans and War Widows may be aged 60 or 58 respectively.
Received or eligible for a Commonwealth of Australia government aged pension or a pension or allowance from Dept. Veterans Affairs at any time during the income year (possibilities still exist if the reason not eligible was due to failure of the income or assets test).
The income threshold is satisfied.
Not in prison for the whole income year.
|
Taxable Income |
|
Lower taxable income threshold |
Upper taxable Income Threshold |
Maximum Tax Offset |
| Single, widowed or separated |
$20,934 |
$38,854 |
$2,240 |
| Married |
$19,907 |
$36,595 |
$2,086 |
| Married living apart due to illness |
$17,737 |
$30,919 |
$1,699 |
| Income stream |
Age of the deceased |
Your age at date of each payment |
Taxed element |
Untaxed element |
| Death Benefit |
< 60 years |
< 60 years |
15.00% |
0.00% |
| |
|
> 60 years |
Tax free* |
10.00% |
| |
> 60 years |
Any age |
Tax free* |
10.00% |
| Disability Superannuation Benefit |
Not applicable |
> 60 years |
15.00% |
0.00% |
| |
|
< 60 years |
Tax free* |
10.00% |
| All other income streams |
Not applicable |
< 55 years |
0.00% |
0.00% |
|
|
55 - 59 years |
15.00% |
0.00% |
|
|
>60 years |
Tax free* |
10.00% |
| Parent/Spouse's Parent |
$1,540 |
| Invalid Relative |
$770 |
A tax offset of up to $540 per annum is available where:
The contributions were not deductible to the taxpayer, AND
Both the taxpayer and the spouse were Australian residents when the contributions were made, AND
At the time of making the contribution the taxpayer and the spouse were not living separately and apart on a permanent basis, AND
The sum of the spouse's assessable income and total reportable fringe benefits amounts were less than $13,800.
Rebate = 18% of the LESSER OF: |
| Assessable Income + Reportable Fringe Benefits < $10,800 |
$3,000 |
| Assessable Income + Reportable Fringe Benefits > $10,800 <$13,800 |
$3,000 reduced by $1 for every $1 over |
| OR |
ACTUAL Spouse Superannuation Contribution |
| 2008/2009 and later |
| Taxable Income |
Calculation |
| $0 - $30,000 |
$1200 |
| $30,001 - $48,750 |
4% reduction |
| Over $48,750 |
NIL |
| The Government announced in the 2008 Budget that the low income tax offset (LITO) will increase from $750 to $1,200 from 1 July 2008. |
| Employees and other payees who are eligible for LITO will receive $600 of this offset through a decrease in the amount of tax taken out of every pay. |
| The remaining $600 will be paid to an eligible person when they lodge their tax return. |
| 2007/2008 |
| Taxable Income |
Calculation |
| $0 - $30,000 |
$750 |
| $30,001 - $48,750 |
4% reduction |
| Over $48,750 |
NIL |
A tax offset of up to $500 is available where 55 years and over and income from working
| Taxable Income |
Offset |
| $1 - $9,999 |
5% |
| $10,000 - $53,000 |
$500 |
| $53,001 - $63,000 |
Reduced by 5 cents per dollar over $53,000 |
|
Under 65 years |
30% |
|
65 - 69 years |
35% |
|
Over 70 years |
40% |
The 30% child care tax rebate covers 30% of out-of-pocket child care expenses for approved child care, with a rebate of up to $7,500 (indexed) per child per year. Out-of-pocket expenses are the total fees paid for child care expenses for approved care, less the amount of Child Care Benefit (CCB) received.
The entrepreneurs’ tax offset (ETO) allows a tax offset (reduction) of up to 25% of the income tax attributable to the business income of a business in the simplified tax system (STS) with an annual group turnover of less than $75,000
| Ordinary Zone A |
$338 + 50% of rebates for dependants, housekeeper or sole parent. |
| Special Area |
$1173 + 50% of rebates for dependants, housekeeper or sole parent. |
| Ordinary Zone B |
$57 + 20% of rebates for dependants, housekeeper or sole parent. |
| Defence Force |
Same as Ordinary Zone A |
| Primary Students |
$375 |
| Secondary Students |
$750 |
ATO - About Tax Offsets
ATO - 25% Entrepreneurs' Tax Offset
ATO - Superannuation Spouse Contribution Tax Offset
ATO - 30% Child Care Tax Rebate
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