Pensioner Tax Offset 2008-09
The Pensioner Tax Offset (PTO) is available to taxpayers who are not eligible for the Senior Australians Tax Offset (SATO) but who receive certain Commonwealth pensions, payments or allowances.
Such payments and pensions include the age pension (if not eligible for the senior Australians offset), age service pension, bereavement allowance, carer payment, disability support pension (only if reached age pension age), income support supplement, invalidity service pension (only if reached aged pension age), parenting payment (single), partner service pension, widow B pension or wife pension.
The following shade-outs and cut-offs apply for the 2008-09 financial year.
| Family Situation | Maximum Offset | Shade-out Threshold | Cut-out Threshold |
| Single, separated or widowed | 2,240 | 20,934 | 38,854 |
| Each member of a couple (who lived together the entire year) |
1,699 | 17,737 | 30,919 |
| Each member of a couple (separated due to illness or because one was in a nursing home) |
2,086 | 19,907 | 36,5950 |
Notes
- The maximum offset reduces for every dollar of taxable income over the shade-out threshold and erodes entirely at the cut-out.
- Pensioners will also be eligible for the additional low income offset where their income does not exceed the threshold for the applicable year.
- If you are entitled to both the PTO and the Beneficiary Tax Offset, you will receive the one that gives the greater amount – but not both.
- Any unused portion of the offset may be transferred to your spouse if your spouse is eligible for either Senior Australians Tax Offset or Pensioner Tax Offset.
This information is for guidance only and is not intended as specific advice to any reader. Professional advice should be obtained before acting on any information contained herein. The publisher accepts no responsibility for loss occasioned to any person or organisation as a result of action or the refrain of action as a consequence of the contents of this publication.