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Thursday, 9 December 1976
Page: 3735


Mr Neil asked the Treasurer, upon notice:

What incomes were aged persons permitted to receive in excess of their pension before becoming liable to pay income tax during each of the years from 1970-71 to 1975-76 inclusive.


Mr Lynch - The answer to the honourable member 's question is as follows:

Because of a number of inter-related variables in the situation it is not practicable to provide a useful answer to the question in the terms that it is put However, the following table shows, for each of the years 1970-71 to 1975-76 inclusive, the maximum age pension payable during the year to single and married people, together with the maximum amount of other income that could have been received without either attracting income tax or, through the means test, causing a diminution in the pension. Means as assessed has been assumed to be equal to the amount of other income shown and, for married pensioners, the person's spouse has been assumed to have had no income other than the age pension.

 







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