Income tax

Question 6. In what ways, if any, can the complexity of the tax-transfer system be minimised to remove barriers to mature age participation in the workforce?

Question 7. In what ways, if any, do the tax exemptions for social security payments affect mature age participation in the workforce?

Question 8. A number of tax offsets are available to encourage mature age participation in the workforce including the Senior Australians Tax Offset, Pensioner Tax Offset, Low Income Tax Offset and the Mature Age Worker Tax Offset.

(a) In what ways, if any, might these offsets be improved to encourage participation?

(b) The Australia’s Future Tax System Review recommended that these tax offsets be removed. What disincentives would this create for mature age participation in the workforce?

Question 9. What other changes, if any, should be made to income tax laws to remove barriers to mature age participation in the workforce and other productive work?