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Age Pension changes on the way
July 3rd, 2015The Government has proposed legislation to give effect to several changes affecting the Age Pension. The assets test free areas will be increased to $250,000 for a single homeowner and $375,000 for a homeowner couple. The assets test threshold for non-homeowners will be increased to...
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Dependent spouse tax offset to be abolished
July 20th, 2015The Government has proposed legislative amendments to abolish the dependent spouse tax offset (DSTO) and expand the dependent (invalid and carer) tax offset (DICTO). Under the changes: a taxpayer who has a spouse who is genuinely unable to work due to invalidity...
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