Pensioner tax offset

Tax offsets - what they do

You qualify for the rebate if you receive Social Security payments

How do you work out the rebate?

 

You qualify for the rebate if you receive any of these Social Security payments

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Newstart or Sickness Allowance

Special Benefit

Youth Training Allowance

Additional Parenting Allowance

Partner or Widow Allowance

AUSTUDY

Drought Relief Payment

TCF (Textile, Clothing and Footwear) Special Allowance

Mature Age Allowance and you first started to receive the allowance on or after 1 July 1996

Amounts paid under the AIC (Assistance for Isolated Children) Scheme, ABSTUDY (Aboriginal Study Assistance) Scheme or the VCES (Veterans Children Education Scheme) and you are 16 years or over?

How to work out your rebate

Start with the total amount of benefit or allowance you received

Take away $5400

Multiply difference by 20 per cent

This is your rebate

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related topics | apprentice tax practitioner program | tax law