From 1 July 2009, the following benefits and obligations the Tax Office administer will be affected by the new changes to income tests:
- - Medicare levy surcharge threshold calculation
- - Medicare levy surcharge (lump sum payment in arrears) tax offset
- - Dependency tax offsets
- - Senior Australians tax offset
- - Pensioner tax offset
- - Mature age worker tax offset
- - Spouse superannuation contributions tax offset
- - Government super co-contribution
- - Deduction for personal superannuation contributions
- - Higher Education Loan Programme and Student Financial Supplement Scheme repayments.
The measures also affect a range of Centrelink, Family Assistance Office and Child Support Payments.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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