Lower tax rate
From 1 July 2026The lowest tax rate is now 15%
The tax rate for income between $18,201 and $45,000 went down.
- From 1 July 2026: 16% → 15%
- From 1 July 2027 it goes down again to 14%
- You don't need to do anything. Your employer takes less tax
General information only, not legal advice. Laws can be different in each state.