• Beneficiary tax offset and seniors and pensioners tax offset calculator

    The Beneficiary tax offset and seniors and pensioners tax offset calculator will help you determine your eligibility and calculate the amount of seniors and pensioners tax offset or beneficiary tax offset you can claim, if you are:

    • in receipt of certain Australian Government payments, or
    • a senior or pensioner

    If you are eligible for both offsets, only one can be received. This will be the offset that provides you with the greatest benefit. The calculator will work out which offset gives you the greatest benefit.

    Seniors and pensioners tax offset

    You can claim the seniors and pensioners tax offset if you meet certain conditions relating to:

    • eligibility for Australian Government pensions or allowances
    • income.

    If you have a spouse:

    • you also need to work out whether they were eligible for the seniors and pensioners tax offset
    • you may not get the seniors and pensioners tax offset even if you meet all the eligibility conditions as the amount of the tax offset is based on your individual rebate income, not your combined rebate income
    • this calculator will work out your tax offset amount including any transfer of your spouse’s unused seniors and pensioners tax offset.

    You cannot claim this tax offset if you were in jail for the whole of the income year.

    Beneficiary tax offset

    The beneficiary tax offset is available to taxpayers who receive certain Centrelink benefits and Commonwealth education allowances. The tax offset directly reduces the amount of tax you may have to pay.

    You pay no tax for the year if you:

    • only receive any of the qualifying payments and allowances
    • have no other taxable income.

    If you have no tax payable, the beneficiary tax offset is not available to be used.

    Information you will need

    • Any beneficiary payments you received for the income year
    • Your income for the income year
    • Your spouse's income for the income year (if applicable)

    Note: This tool cannot calculate your beneficiary and seniors and pensioners tax offset if you were a part-year resident.

    Next step:

    Beneficiary tax offset and seniors and pensioners tax offset calculatorThis link opens in a new window

    This calculation will take between 5 to 10 minutes to complete.

    Last modified: 29 Jun 2016QC 35434