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Personal income tax rates for Australian residents (2017-2018)

There were no changes to personal income tax rates and thresholds in the 2017-2018 Federal Budget.

The three (3) year Temporary Budget Repair Levy (TBRL) of 2% for individuals with a taxable income of over $180,000 (announced in the 2014-15 Federal Budget) ceased on 30 June 2017.

The table below outlines marginal tax rates applying from 1 July 2017. It reflects the removal of the TBRL and the return of the top marginal rate to 45% (reduced from 47%). Employers with employees earning in excess of $180,000 should adjust their withholding rates accordingly.

Tax TableTax on this Income (New Rates)
0 to $18,200 Nil
$18,201 to $37,00019c for each $1 over $18,200
$37,001 to $87,000$3,572 plus 32.5c for each $1 over $37,000
$87,001 to $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000

Note: This table does not include the Medicare Levy (currently 2%) or the effect of any Low Income Tax Offset (LITO). The rates apply to Australian resident individual tax payers only. Different rates apply to foreign/non-resident individuals, including Working Holiday Makers.


If you require further assistance please contact our experienced team of accountants on (08) 9301 2200 or click here.

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