The table below sets out the maximum Seniors and Pensioners Tax Offset (SAPTO) and the thresholds at which the offsets shade out and cut out, for the 2022–23 income year.

Where the taxpayer’s offset income does not exceed the shade-out threshold, the full amount of the offset is available. The offset shades out at a rate of 12.5 cents for each dollar of offset income above the shade-out threshold. Where the offset income reaches the cut-off threshold, the offset cuts out altogether.

Source: ATO email advice, 5 July 2022.