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Hobson(Newbie)Newbie
13 July 2024

Does a tax free Allocated Pension amount have to be included "anywhere" in either the individual's or their partner's personal tax return

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Matt_ATO(Community Support)Community Support
16 July 2024

Howdy @Hobson,


If you're aged 60 or over, regular income stream payments from your Retirement Income (RI) Allocated Pension are completely tax-free. Therefore, you don't need to include these payments in your personal income tax return. This applies to both the individual receiving the pension and their partner.

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Matt_ATO(Community Support)Community Support
16 July 2024

Howdy @Hobson,


If you're aged 60 or over, regular income stream payments from your Retirement Income (RI) Allocated Pension are completely tax-free. Therefore, you don't need to include these payments in your personal income tax return. This applies to both the individual receiving the pension and their partner.

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Tax Free Allocated Pension details in Personal Tax Returns | ATO Community