The Conversation
International · 3 hrs ago
✦ 72◉ Centre
Is it really worth getting on the pension just to avoid Labor’s new capital gains tax?
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Quality 72/100
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◉ Centre ✓ Fair headline
An article examining whether Australian retirees might strategically claim the age pension (even for A$1) to avoid a proposed 30% minimum capital gains tax, which would exempt age pension recipients. The reforms are pending Senate scrutiny for implementation from July 2027.
Is it really worth getting on the pension just to avoid Labor’s new capital gains tax?
SHVETS production/Pexels
Recent news articles have floated the idea some retirees might try to sidestep the government’s new minimum capital gains tax (CGT) by qualifying for as little as A$1 of the age pension.
That’s because under the government’s proposed tax reforms, people on certain income support payments, including the age pension, would be exempt from the new 30% minimum tax on capital gains.
The reforms are now under scrutiny in the Senate. If passed, from July 1 2027, they would mea
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