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  • Claiming tax offsets

    The seniors and pensioners tax offset (SAPTO) is incorporated into this schedule. If your payee chooses to claim their entitlement to other tax offsets through reduced withholding, they must give you a Withholding declaration.

    To work out your payee's annual tax offset entitlement into a weekly value, use the Ready reckoner for tax offsets. Deduct this amount from the amount shown in column 2, 3 or 4 of the Withholding lookup tool (XLS 34KB)This link will download a file.

    Ready reckoner for tax offsets

    Tax offset entitlement – weekly value

    Amount claimed
    $

    Weekly value
    $

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    20

    30

    1

    40

    1

    50

    1

    57

    1

    60

    1

    70

    1

    80

    2

    90

    2

    100

    2

    200

    4

    300

    6

    338

    6

    400

    8

    500

    10

    600

    11

    700

    13

    800

    15

    850

    16

    900

    17

    1,000

    19

    1,100

    21

    1,173

    22

    1,200

    23

    1,300

    25

    1,400

    27

    1,500

    29

    1,600

    30

    1,700

    32

    1,750

    33

    1,800

    34

    1,900

    36

    2,000

    38

    2,500

    48

    2,535

    48

    3,000

    57

    If the exact tax offset amount claimed is not shown in the ready reckoner, add the values for an appropriate combination.

    Example

    Tax offsets of $422 claimed. Add values of $400, $20 and $2

    = $8 + $0 + $0

    = $8.

    Therefore, reduce the amount to be withheld by $8.

    End of example
    Last modified: 13 Oct 2020QC 63805