Hi - will be hitting age pension age shortly. currently on disability support pension (DSP).
am being asked to select remaining on DSP or switching to the age pension.
I understand the age pension is tax free provided only source of income.
DSP is tax free provided under age pension age. does it remain tax free if over the age pension age and only source of income?
thanks
I understand the age pension is tax free provided only source of income.
No - age pension is taxable, but less than SAPTO threshhold if no other income.
DSP is tax free provided under age pension age. does it remain tax free if over the age pension age and only source of income?
No - same as above.
I understand the age pension is tax free provided only source of income.
No - age pension is taxable, but less than SAPTO threshhold if no other income.
DSP is tax free provided under age pension age. does it remain tax free if over the age pension age and only source of income?
No - same as above.
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