Reference
Australian Tax & Pay Facts (2026-27)
Every key number for the 2026-27 financial year, verified against the ATO, Fair Work Commission and federal legislation.
Short answer
For 2026-27, Australian resident income tax is nil to $18,200, 15% to $45,000, 30% to $135,000, 37% to $190,000 and 45% above. Add the 2% Medicare levy. HELP and STSL repayments start above $69,528. The Super Guarantee is 12%, and the national minimum wage is $26.44 an hour from 1 July 2026.
Income tax rates (residents)
| Taxable income | Tax rate on this income |
|---|---|
| $0 - $18,200 | Nil (tax-free threshold) |
| $18,201 - $45,000 | 15% |
| $45,001 - $135,000 | 30% |
| $135,001 - $190,000 | 37% |
| Over $190,000 | 45% |
- The 15% rate was cut from 16% on 1 July 2026
- Foreign residents: 30% from the first dollar (no threshold, no Medicare levy)
- Working holiday makers: 15% to $45,000, then resident-style rates
- Low Income Tax Offset: up to $700, cutting out at $66,667
Medicare
- Medicare levy: 2% of taxable income
- Low-income thresholds (2025-26 (latest legislated; 2026-27 figures set at Budget time)): levy-free below $28,011 single / $47,238 family (+$4,338 per child)
| Single income | Family income | Surcharge rate |
|---|---|---|
| $0 - $105,000 | $0 - $210,000 | Nil |
| $105,001 - $123,000 | $210,001 - $246,000 | 1% |
| $123,001 - $164,000 | $246,001 - $328,000 | 1.25% |
| Over $164,000 | Over $328,000 | 1.5% |
- The family threshold rises by $1,500 for each dependent child after the first
Study loans (HELP / STSL)
| Repayment income | Compulsory repayment |
|---|---|
| $69,528 or less | Nil |
| $69,528 - $129,717 | 15c per $1 over $69,528 |
| $129,717 - $186,050 | $9,028 plus 17c per $1 over $129,717 |
| Over $186,050 | 10% of total repayment income |
- Repayment income is taxable income plus reportable fringe benefits, reportable super, net investment losses and exempt foreign income
Superannuation
- Super Guarantee: 12% of ordinary time earnings
- Payday Super: from 1 July 2026, SG is paid each payday and must reach your fund within 7 business days
- Maximum contribution base: $270,830 (now annual)
- Concessional contributions cap: $32,500; non-concessional cap: $130,000
- Under-18s: SG only when working more than 30 hours in a week (the old $450/month threshold was abolished in 2022)
Wages and leave
- National minimum wage (from 1 July 2026): $26.44/hour, $1,004.90/week (38 hours); casual loading 25%
- Modern award rates: increased 4.75% from 1 July 2026
- Annual leave: 4 weeks a year (full-time); paid personal/carer's leave: 10 days a year (full-time)
- Payslips: must be issued within 1 working day of payday
Ending employment
- Genuine redundancy tax-free amount: $13,598 base plus $6,801 per completed year of service
- Employment termination payment (ETP) cap: $270,000
Key dates
- Financial year: 1 July 2026 - 30 June 2027
- Tax returns for 2025-26: lodge by 31 October 2026 if self-lodging (engage a tax agent before 31 October for extended deadlines)
- ATO pre-fill data is generally complete by late July
Frequently asked questions
What changed on 1 July 2026?+
The 16% tax rate fell to 15%, Payday Super began (super paid each payday, annual $270,830 contribution base), the concessional super cap rose to $32,500, the HELP repayment threshold was indexed to $69,528, and the minimum wage rose to $26.44 an hour.
Where do these figures come from?+
The ATO, the Fair Work Commission and Ombudsman, and federal legislation. Every calculator on this site reads from the same central, source-cited configuration - see our methodology page.
Will this page stay current?+
It reflects the 2026-27 financial year and is updated when rates change. Figures last checked 2026-08-13.
Sources & methodology
- ATO - Personal income tax: new tax cuts (15% rate from 1 July 2026)
- Income Tax Rates Act 1986 (legislation.gov.au)
- ATO - Study and training loan repayment thresholds and rates
- ATO - Super guarantee
- ATO - Contribution caps
- ATO - Payday Super and the annual maximum contribution base
- ATO - Medicare levy
- ATO - Medicare levy surcharge income thresholds and rates
- Fair Work Ombudsman - Pay slips
- How we calculate these estimates
Last updated 13 August 2026. Figures use the 2026-27 financial year.