What’s new

26 October 2017

Residents: Personal tax rates and thresholds

These rates apply to individuals who are Australian residents for tax purposes:

Income Range ($) Rates in 2025-26 (%) Rates in 2026-27 (%) Rates in 2027-28 (%)
0 – 18,200 Tax-free Tax-free Tax-free
18,201 – 45,000 16 15 14
45,001 – 135,000 30 30 30
135,001 – 190,000 37 37 37
More than 190,000 45 45 45

Increase to Medicare Levy low-income thresholds

·         As announced prior to budget night, the Medicare Levy low-income thresholds amounts and ranges have been increased for singles, families, seniors and pensioners

·         These increases have been enacted into legislation already and apply from 1 July 2026

·         The Medicare Levy low-income thresholds for the 2026-2027 income year are below:

Category of TaxpayerNo Medicare Levy payable at or below:Reduced Medicate Levy payable within:Full Medicare Levy payable at or above:
Individuals$28,011$28,011 - $35,014$35,014
Individuals eligible for the SAPTO$44,268$44,268 - $55,335$55,335
Families eligible for the SAPTO$61,623$59,886- $74,857$77,029
Families not eligible for the SAPTO with no dependent child or student$47,238$47,238 – 59,048$59,048
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