Age Pension and tax

Font Size:

As tax time fast approaches, YOURLifeChoices subscriber, Dianne, would like to know how the Age Pension is taxed?

Q. Dianne
Do we pay tax on our Age Pension ?

A. The Age Pension received from Centrelink is taxable however, the senior Australians tax offset may eliminate the need to pay tax on the Age Pension.

The amount of tax you are liable to pay depends on your individual financial circumstances and you should contact the Australian Taxation Office (ATO) for further information or click YOURLifeChoices simple shortcut to visit the ATO website.

Join YourLifeChoices today
and get this free eBook!

Join
By joining YourLifeChoices you consent that you have read and agree to our Terms & Conditions and Privacy Policy

0 Comments

Total Comments: 0

    FACEBOOK COMMENTS



    SPONSORED LINKS

    continue reading

    Health news

    Australians want to die at home - but do we achieve that goal?

    How do you want to die? More than 70 per cent of Australians want the end to come at home,...

    Retirement

    Rise in 'grey divorces' sparks warning from legal experts

    More Australians are divorcing later in life, leading to "unique, confusing and overwhelming" challenges for couples aged over 50. The...

    Entertainment

    Friday Funnies: Short jokes for the shortest month

    February flies by too fast, just like these short but sharp jokes. What is the recipe for Honeymoon Salad?Lettuce alone...

    Food

    Succulent Spice-Roasted Salmon

    These little salmon bites are something I've made time and time again over the years and this method of roasting...

    Photos

    How to take great pictures of gardens

    If you've never been too good at taking pictures of your beautiful blooms, now's the time to brush up on...

    Aged Care

    Paid on par with cleaners: the broader issue affecting aged care

    Paid on par with cleaners: the broader issue affecting the quality of aged care Ben Farr-Wharton, Edith Cowan University; Matthew...

    Food

    Researchers fear diet produces ‘untoward effects on the heart’

    The keto diet, lauded for its purported fat-burning capabilities, could be bad for your heart, according to new research. The...

    COVID-19

    Vaccine overdose cases raise questions over doctor training

    Australia's vaccine rollout suffered a major hiccup, with health minister Greg Hunt revealing on Wednesday that two elderly residents at...

    LOADING MORE ARTICLE...