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Personal income tax rates for Australian residents (2018-2019)

There were some changes to personal income tax rates and thresholds in the 2018-2019 Federal Budget compared to 2017-2018.

Notably, the old $87,000 tax threshold has been increased to $90,000; while the amount of tax on incomes for the highest two brackets have changed slightly. See the personal income tax rate tables below.

Taxable incomeTax on this income
0 – $18,200Nil
$18,201 – $37,00019c for each $1 over $18,200
$37,001 – $90,000$3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000$20,797 plus 37c for each $1 over $90,000
$180,001 and over$54,097 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.

For comparison, here’s the Personal Income Tax Rates Table from 2017-2018:

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

Check your tax with our handy online income tax calculator.

McKinley Plowman are expert tax accountants in Joondalup. If you have any queries related to tax or any other financial services, contact McKinley Plowman today.

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