Tax Rates and Thresholds

Here you will find information about the various current income tax rates and thresholds for individual taxpayers.

For information on tax rates and thresholds from previous years, try looking in the Historical Tax Information category.

Personal Income Tax Rates 2016-17

Your individual income tax rate depends largely upon whether or not you are considered a resident for tax purposes. The tax tables below relate to the financial year ending 30 June 2017. Earlier year rates can be found in our historical archives for both residents and non-residents. Resident Income Tax Rates 2017 The following table […]

Medicare Levy Income Thresholds 2016-17

To help pay for the Medicare health scheme, resident taxpayers are subject to a Medicare Levy. This amount is added onto your tax assessment after your income tax has been calculated. Non-residents are not liable to pay the Medicare Levy, however to claim an exemption you must obtain a Medicare Entitlement Statement. How much is […]

Medicare Levy Surcharge Thresholds 2016-17

Individuals and families on incomes above the Medicare Levy Surcharge thresholds, who do not have an appropriate level of private health insurance cover, may have to pay the Medicare Levy Surcharge (MLS) for the period they did not have this cover. The Medicare Levy Surcharge is in addition to the 2% Medicare levy. How much […]

HELP Repayment Rates 2016-17

You will be required to start repaying your HELP debt when your income  is above the minimum threshold for compulsory repayment. The repayment threshold is adjusted each year. For the 2016-17 financial year, you will not have to make a compulsory HELP repayment until your repayment income is above $55,873. 2016-17 HELP Repayment Rates The […]

SFSS Repayment Rates 2016-17

You will be required to start repaying your SFSS debt when your repayment income is above the minimum threshold for compulsory repayment. The repayment threshold is adjusted each year. For the 2016-17 financial year, you will not have to make a compulsory SFSS repayment until your repayment income is above $54,868. 2016-17 SFSS Repayment Rates […]