Increased Tax-Free Threshold for Australian Seniors.

From July 1, the new higher tax-free threshold of $18,500 combined with the seniors and pensioners' tax offset means that single seniors will be able to earn around $32,000 and couples around $57,000 tax free.  More information on these entitlements will be available soon from the Australian Taxation Office website. There are also changes to the work bonus from July 1 so you can keep more income or work for short periods without affecting your age pension. You can find out more from the Centrelink website on the Work Bonus, or just go to the Seniors Housing Online News and Information page to find out more and use our handy links.