Tax Tools

Individual Income Tax Rates

Residents

Tax rates 2015 - 16

Taxable income

Tax on this income

0 - $18,200

Nil

$18,201 - $37,000

19c for each $1 over $18,200

$37,001 - $80,000

$3,572 plus 32.5c for each $1 over $37,000

$80,001 - $180,000

$17,547 plus 37c for each $1 over $80,000

$180,001 and over

$54,547 plus 47c for each $1 over $180,000*

The above rates do not include the Medicare levy of 2.0%.

* A Temporary Budget Repair Levy applies from 1 July 2014 to 30 June 2017 for individuals with taxable incomes above $180,000.

Tax rates 2016 - 17

Taxable income

Tax on this income

0 - $18,200

Nil

$18,201 - $37,000

19c for each $1 over $18,200

$37,001 - $87,000

$3,572 plus 32.5c for each $1 over $37,000

$87,001 - $180,000

$19,822 plus 37c for each $1 over $87,000

$180,001 and over

$54,232 plus 47c for each $1 over $180,000

The above rates do not include the Medicare levy of 2.0%.

Superannuation Guarantee

In addition to employees' salaries and wages, employers are required to pay superannuation contributions on behalf of all eligible employees. This compulsory contribution is called the superannuation guarantee. The definition of employee for this purpose includes certaincontractors. The maximum contribution from 1 July 2014 is 9.5% of each eligible employee's earnings base (usually their ordinary time earnings) and must be paid within 28 days after the end of each calendar quarter. Employers must also provide employees with a choice of superannuation fund.

The maximum contribution rate will remain at 9.5% until 30 June 2021. After that date, the rate will increae by 0.5% each financial year until it reaches 12% from 1 July 2025.

Employers are generally required to pay superannuation contributions for employees if they are:

  • over the age of 18 (no upper age limit applies)
  • paid $450 or more (before tax) in a calendar month

Specific occupational fact sheets

The Australian Taxation Office has issued a number of occupational specific, common work related deduction guidance fact sheets. We have included these links for your convenience.

Teachers - http://www.ato.gov.au/content/00313566.htm
Australia Defence Force - http://www.ato.gov.au/content/00313578.htm
Construction workers - http://www.ato.gov.au/content/00105790.htm
Nurses - http://www.ato.gov.au/content/00313568.htm
Shop Assistants - http://www.ato.gov.au/content/00313579.htm
Real Estate workers - http://www.ato.gov.au/content/00313580.htm
Mechanics - http://www.ato.gov.au/content/00227844.htm
Business professional - http://www.ato.gov.au/content/77950.htm
Fitness/Sporting employees - http://www.ato.gov.au/content/00105820.htm
Police Officers - http://www.ato.gov.au/content/00313565.htm
Airline employees - http://www.ato.gov.au/content/00313589.htm