Australian Tax Rates 2026–27
Every key rate and threshold for 2026–27, in one place.
Income tax rates for Australian residents
| Taxable income | Tax on this income |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 15c for each $1 over $18,200 |
| $45,001 – $135,000 | $4,020 plus 30c for each $1 over $45,000 |
| $135,001 – $190,000 | $31,020 plus 37c for each $1 over $135,000 |
| $190,001 and over | $51,370 plus 45c for each $1 over $190,000 |
The lowest rate fell from 16% to 15% on 1 July 2026, and is due to fall to 14% from 1 July 2027. The 2% Medicare levy is charged on top.
Low income tax offset
Up to $700 for taxable incomes up to $37,500, reducing by 5c for each $1 above that to $45,000, then by 1.5c for each $1 above $45,000 until it runs out at $66,667.
Medicare levy surcharge
Charged if you don't have appropriate private hospital cover and your income for surcharge purposes is above the threshold.
| Singles | Families | Surcharge |
|---|---|---|
| $105,000 or less | $210,000 or less | 0% |
| $105,001 – $123,000 | $210,001 – $246,000 | 1% |
| $123,001 – $164,000 | $246,001 – $328,000 | 1.25% |
| $164,001 and over | $328,001 and over | 1.5% |
Family thresholds increase by $1,500 for each dependent child after the first.
HECS-HELP repayment rates
| Repayment income | Repayment |
|---|---|
| $69,528 or less | Nil |
| $69,529 – $129,717 | 15c for each $1 over $69,528 |
| $129,718 – $186,050 | $9,028 plus 17c for each $1 over $129,717 |
| $186,051 and over | 10% of total repayment income |
Super
| Super guarantee | 12% |
| Concessional contributions cap | $32,500 |
| Non-concessional contributions cap | $130,000 |
| Division 293 threshold | $250,000 |
| Maximum super contribution base | $270,830 a year |
Redundancy and termination payments
| Tax-free genuine redundancy amount | $13,598 + $6,801 per year of service |
| ETP cap | $270,000 |
Cars and fringe benefits
| FBT rate (1 April 2026 to 31 March 2027) | 47% |
| Car limit for depreciation | $69,883 |
| Luxury car tax threshold, fuel-efficient vehicles | $91,661 |
| Luxury car tax threshold, other vehicles | $80,809 |
Related: pay calculator, tax return calculator, take-home pay by salary.
Frequently asked questions
What is the tax-free threshold in 2026–27?
$18,200 for Australian residents. Income above that is taxed at 15% up to $45,000.
What is the top tax rate?
45% on taxable income over $190,000, plus the 2% Medicare levy.
Last reviewed October 2026. General information only. Check the ATO website for the official tables.