SAPTO does not seem to calculate correctly

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Bruce1956

(Initiate)Initiate

12 July 2024

I am completing my 2023/24 Individual Tax Return as a single pensioner through MyGov and the estimate does not seem to calculate the SAPTO Tax Offset correctly. The ATO through MyGov says the offset is $920.13 and a tax agent has confirmed the same figure but when I calculate the offset manually (pen & paper) the offset is $2,048.13.

Why the difference?

But when I rang the ATO they said that when the return is processed the correct figure will be processed. Is this correct?

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