Normal
Not necessarily...----------------------------------------------------------------------------------------What are government payments, pensions and allowances?Australian Government payments, pensions and allowances are income amounts that you receive from a government agency. Commonly these payments are from Services Australia or the Department of Veteran's affairs (DVA).Depending on the payment type you receive, these payments might be either:taxable – meaning you pay tax on the amounts and must declare the income in your tax returntax-free – meaning you don't pay tax on the amounts, but you may need to declare them in your tax return so we can work out your eligibility for tax offsets and other benefits.If you are unsure of the type of payment you receive, contact the government agency to check.If you lodge your tax return online we pre-fill most of these payments, pensions and allowances in your tax return. You will need to check the pre-fill information and manually include any amounts that have not pre-filled in your tax return.Taxable pensions, payments and allowancesYou must include taxable Australian Government pensions, payments and allowances in your tax return.Taxable government payments, pensions and allowances include:age pensioncarer paymentAustudy paymentJobSeeker paymentYouth allowanceDefence Force income support allowance (DFISA) where the pension, payment or allowance that it relates to is taxableveteran paymentinvalidity service pension, if you are age-pension age or overdisability support pension, if you are age-pension age or overincome support supplementparenting payment (partnered)disaster recovery allowance (but not in relation to 2019–20 bushfires).This is not an exhaustive list, for a full list of Australian Government payments, pensions and allowances, see:Australian Government allowances and paymentsAustralian Government pensions and allowances.[URL unfurl="true"]https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/government-payments-and-allowances[/URL]
Not necessarily...
----------------------------------------------------------------------------------------
Australian Government payments, pensions and allowances are income amounts that you receive from a government agency. Commonly these payments are from Services Australia or the Department of Veteran's affairs (DVA).
Depending on the payment type you receive, these payments might be either:
If you are unsure of the type of payment you receive, contact the government agency to check.
If you lodge your tax return online we pre-fill most of these payments, pensions and allowances in your tax return. You will need to check the pre-fill information and manually include any amounts that have not pre-filled in your tax return.
You must include taxable Australian Government pensions, payments and allowances in your tax return.
Taxable government payments, pensions and allowances include:
This is not an exhaustive list, for a full list of Australian Government payments, pensions and allowances, see:
[URL unfurl="true"]https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/government-payments-and-allowances[/URL]
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.