Is my pension taxable and subject to income tax? Certain Australian Government pensions are taxable and subject to income tax. If you receive one of these pensions the amounts you receive are assessable income for taxation purposes. If you have other assessable income for taxation purposes, this income and the amount of your taxable pension may exceed the thresholds set by the Australian Taxation Office (ATO). More information regarding income support pensions and tax can be found in Chapter 9 of DVA’s guide for income support pensioners - You and Your Pension. Learn more at dva.gov.au/pensions_and_compensation/yandyp/Pages/Ch9.aspx
Posted on: Wed, 09 Jul 2014 06:08:32 +0000
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