Fast Facts
Updated July 2024 for financial year 2024-25, unless otherwise stated
Fast Facts is a comprehensive and easy to use online resource for finance professionals. It brings together useful rates and thresholds from a range of Government sources and is updated quarterly to provide you with the latest information. Bookmark this page to have this resource at your fingertips when you need it.
Seniors and pensioners tax offset (SAPTO)
| Offset | Shade-out threshold | Cut-out threshold | |
|---|---|---|---|
| Single | $2,230 | $34,919 | $52,759 |
| Couple (each) | $1,602 | $30,994 | $43,810 |
| Illness separated couple (each) | $2,040 | $33,732 | $50,052 |
Offset reduces by 12.5 cents per $1 of rebate income above the shade-out threshold.
Low income tax offset
| Offset | Shade-out threshold | Cut-out threshold |
|---|---|---|
| $700 | $37,500 | $66,667 |
Spouse contribution tax offset [2]
| Offset | Shade-out threshold | Cut-out threshold |
|---|---|---|
| $540 | $37,000 | $40,000 |
Offset is 18% of the lesser of: $3,000 reduced by $1 per $1 of spouse’s income [3] above $37,000, and total contribution for spouse.
