Tax free threshold - Seniors

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(Newbie)Newbie

8 Mar 2024

I am over 69; not working (completely retired) and no super. I do have money in term deposits etc earning interest. I am not eligible for a pension and my partner still works. Recently, a financial adviser told me to open a super account, to put my money there via non concessional contributions and that via the seniors offset, I can earn a bit more money. Is this accurate? I also read about the Seniors and pensioners tax offset. If I don't qualify for the pension, does this mean I don't qualify for the tax offset even as a senior? Can you confirm? Thank you

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