- What tax must I pay on my CSS benefit?
- What is my tax start date?
- Am I entitled to a tax offset or deduction?
What tax must I pay on my CSS benefit?
Keep in mind that tax and your CSS benefit is a complicated issue, so it’s best to use i-Estimator or request a benefit estimate that includes taxation requirements. You should also read the Tax and your CSS benefit factsheet [PDF: 203 KB]
What is my tax start date?
Your eligible start date for taxation purposes is the earlier of:
- the date you joined CSS or
- your date for long-service leave accrual purposes.
Am I entitled to a tax offset or deduction?
Yes, however only if you purchase a non-indexed additional pension, you will be entitled to a deduction against your pension purchased with your non-concessional contributions – that is the contributions you have paid to CSS since 1 July 1983.
If you are over age 55, you will be entitled to a tax offset of 15% of the pension you purchased with your member component or the post 1 July 1990 productivity portion of your benefit after any eligible deduction is subtracted from your non-indexed pension.