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 2013/2014 year, (and for 2012/2013 year)


Note: For your convenience we have included the latest income tax rates, and the income tax rates for the previous financial year. Over time, this page will also include relevant tax offsets, such as the Senior Australians and Pensioners Tax Offset (SAPTO) (you can find information on SAPTO in other … [Read more...]

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


Note: Betty has made no plans for retirement, but if she starts contributing $100 a week, until she retires, then she can expect her lifestyle to be better than her current lifestyle. If she contributes $50 a week, then she can expect to receive at least 80% of her pre-retirement income. This … [Read more...]

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

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Q: My wife (age 63) and myself (age 65) have a small business. I was told by an organisation that at 65 or over 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. In fact I have been told to pay myself $30,000 or less and source the rest of my … [Read more...]

Medicare Levy increase helps pay for NDIS (DisabilityCare)


The National Disability Insurance Scheme (DisabilityCare) 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 the individuals and … [Read more...]

No tax in retirement because you SAPTO (updated figures)


This article is updated annually with new rates, or periodically to highlight changes (if any) to the Senior Australians & Pensioners Tax Offset (SAPTO) rules. This article includes SATO rates for the 2013/2014, 2012/2013, 2011/2012, 2010/2011, 2009/2010 and 2008/2009 years. Since 1 July 2012, … [Read more...]

Say goodbye to 2015/2016 income tax cuts


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 … [Read more...]

Super for beginners, part 16: Tax-free twice


Q: I am confused. When I retire and I am over 60 I receive tax-free super benefits. Someone has told me that I also get other tax-free stuff. Can you tell me what that is? In terms of retirement and superannuation, when you reach 60 and start a retirement income stream (super pension) you get two … [Read more...]