Thresholds & Tax Rates

Resident individual income tax rates
Taxable income	2025–26 rate	2026–27 rate
$0 – $18,200	Nil	Nil
$18,201 – $45,000	16%	15%
$45,001 – $135,000	30%	30%
$135,001 – $190,000	37%	37%
$190,001 and over	45%	45%
View the official rates on ato.gov.au ↗

Rates exclude the 2% Medicare levy. The tax-free threshold is $18,200. The lowest bracket falls from 16% to 15% from 1 July 2026 (legislated), and is set to fall again to 14% from 1 July 2027. Rates apply to Australian residents for tax purposes; different rates apply to non-residents and working holiday makers.

Company tax rates
Type of company	Rate
Base rate entity (aggregated turnover under $50m and no more than 80% passive income)	25%
All other companies	30%
View the official rates on ato.gov.au ↗

Superannuation — key rates & caps (2026–27)
Item	Amount
Super guarantee (SG) rate	12%
Concessional contributions cap	$32,500
Non-concessional contributions cap	$130,000
Division 293 income threshold	$250,000
General transfer balance cap	$2.1 million
SG maximum contribution base (per quarter equivalent)	$270,830
View the official rates on ato.gov.au ↗

Other key thresholds
Item	Amount / rate
GST registration turnover threshold	$75,000 ($150,000 for not-for-profits)
Medicare levy	2% of taxable income
CGT discount (individuals & trusts, assets held 12+ months)	50%
Tax-free threshold	$18,200

Please read: This is a general quick-reference guide, current as at August 2026 — not personal advice, and thresholds are indexed and change regularly. Sources: individual and company rates per the ATO (Tax rates – Australian residents, ato.gov.au, last updated 1 June 2026; note the ATO had published 2025–26 rates, with the 2026–27 first-bracket cut to 15% being the legislated change from 1 July 2026). Super figures per SuperGuide (Key super rates and thresholds 2026–27). Always confirm the current figures with us or the ATO before relying on them.

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