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Retirement Made Simple Quotes
Retirement Made Simple
by
Noel Whittaker204 ratings, 4.28 average rating, 16 reviews
Retirement Made Simple Quotes
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“The key offsets for retirees, at time of writing, are:
> LITO, which makes income up to $20,452 tax free > SAPTO, which applies only to those over pension age, up to an income of $50,119 (singles) and $83,580 (couples combined) > LMITO, a temporary offset similar to the LITO, but applying up to $90,000 of income. The combination of LITO and LMITO mean that anybody can earn $21,884 a year tax free even before reaching age pension age.”
― Retirement Made Simple: Everything you need to know
> LITO, which makes income up to $20,452 tax free > SAPTO, which applies only to those over pension age, up to an income of $50,119 (singles) and $83,580 (couples combined) > LMITO, a temporary offset similar to the LITO, but applying up to $90,000 of income. The combination of LITO and LMITO mean that anybody can earn $21,884 a year tax free even before reaching age pension age.”
― Retirement Made Simple: Everything you need to know
