The changes were proposed by a former Liberal government, and when Labor took power they progressed the proposed changes into the consultation stage. Labor did not bin them. (link previous posted) This means, the proposed changes have the support of both major parties, so it's only a matter of time before they are put before parliament and passed into legislation. Is this lady wrong? Is it AI? Is it fake news? Is she a scammer? Wrong. 30% tax from $0 to $135,000 from income from Australia, and the aged pension is deemed an income, and is taxable. Which will be redundant when the proposed changes are passed. 183 days inside Australia, resident for tax purposes. 183 days outside Australia, non resident for tax purposes. Note, there are no exemptions in the proposed changes for the aged pension. Foreign resident tax rates 2020 to 2026Foreign resident tax rates for 2019–20 to 2025–26. Foreign resident tax rates 2025–26 Taxable income Tax on this income 0 – $135,000 30c for each $1 $135,001 – $190,000 $40,500 plus 37c for each $1 over $135,000 $190,001 and over $60,850 plus 45c for each $1 over $190,000
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