Senior Australians and Pensioners Tax Offset (SAPTO)

The Senior Australians and Pensioners Tax Offset (SAPTO) (formerly known as the Senior Australians Tax Offset (SATO)) is a tax offset that’s available for retirees who are of Age Pension age or older, or of Service Pension age.


Set out below are all SuperGuide articles explaining Senior Australians and Pensioners Tax Offset (SAPTO).

Australian income tax rates for the 2014/2015 year, (and for 2013/2014 year)   Super Guide

The tax rates applicable for the 2014/2015 year and future years are set out in the tables below. We have also included the tax rates for the 2013/2014, 2012/2013 and 2011/2012 years (including the low-income threshold for the Medicare levy) at the end of the article, for your reference and convenience.

Mature Age Worker Tax Offset gone from July 2014   Super Guide

The Mature Age Worker Tax Offset will be abolished from 1 July 2014, saving the federal government $700 million over 4 years.

A case study: I’m 53. Is it too late to save for my retirement? (updated figures)   Super Guide

Q: I am 53 years old. I do not contribute to super and I have never been a saver. I have just paid off my unit. I earn only $37,000 a year, so I have never had a highly paid job.

What are the super and retirement rules for over 65s?   Super Guide

Q: My wife and I have a small business. I was told by an organisation that at 65 I could put money into super, pay 15% tax on the way in and then draw it out when I wished and pay no tax.

Medicare Levy increase helps pay for NDIS   Super Guide

The National Disability Insurance Scheme has become a reality with a guaranteed financial contribution sourced directly from taxpayers, and promised contributions from the states of Australia. Bravo to the federal government, state governments and to t …

No tax in retirement because you SAPTO (updated figures)   Super Guide

This article includes SAPTO and SATO rates for the 2013/2014, 2012/2013, 2011/2012, 2010/2011, 2009/2010 and 2008/2009 years.

Say goodbye to 2015/2016 income tax cuts   Super Guide

Due to a budget blowout caused by “an over-hang from the global financial crisis and strong Australian dollar”, the federal government has informally announced (drip fed via a series of casual comments in various interviews) that the income tax cuts, that were to take effect from 1 July 2015, are no longer going to happen.

Guest contributor: Turning 65   Do you still need a SMSF?   Super Guide

A regular SuperGuide reader, Bruce Sutherland, explains why he believes a SMSF is no longer tax-effective for his wife and himself after the age of 65.

In terms of retirement and superannuation, when you reach 60 and start a retirement income stream (super pension) you get two dollops of tax-free super.

Q: Rather than putting our money in super, should we just go for a lump sum and invest in term deposit and direct shares in our own name? For example, if a couple who are senior age can receive income of $51,630 tax-free outside of an SMSF, why bother …