Tax facts 2026–27
This year’s numbers, checked and dated.
The rates, thresholds and caps that come up most, verified against the ATO on 21 September 2026. Where the ATO has not yet published a 2026–27 figure, the latest published year is shown and labelled.
Individual income tax rates 2026–27 (Australian residents)
Excludes the Medicare levy. The 15% rate applies from 1 July 2026, down from 16%.
- $0 – $18,200
- Nil
Tax-free threshold
- $18,201 – $45,000
- 15c for each $1 over $18,200
- $45,001 – $135,000
- $4,020 + 30c for each $1 over $45,000
- $135,001 – $190,000
- $31,020 + 37c for each $1 over $135,000
- $190,001 and over
- $51,370 + 45c for each $1 over $190,000
Foreign resident rates (latest published: 2025–26)
No tax-free threshold and no Medicare levy. The ATO had not published 2026–27 foreign-resident rates at 21 September 2026.
- $0 – $135,000
- 30c for each $1
- $135,001 – $190,000
- $40,500 + 37c for each $1 over $135,000
- $190,001 and over
- $60,850 + 45c for each $1 over $190,000
Medicare levy, offsets and study loans
- Medicare levy
- 2% of taxable income
Reduced or nil below the low-income thresholds; foreign residents do not pay it.
- Medicare levy low-income threshold (2025–26, latest published)
- Singles: nil up to $28,011, full levy from $35,013
Families $47,238 / $59,047, plus $4,338 / $5,423 per dependent child. Higher thresholds for seniors and pensioners.
- Low income tax offset
- Up to $700
Full offset to $37,500 taxable income; reduces to nil at $66,667.
- Part-year tax-free threshold
- $13,464 + $4,736 for each month resident
For the year you arrive in or leave Australia.
- HELP / study loan repayment 2026–27
- Nil up to $69,528
15c per $1 from $69,528 to $129,717; $9,028 + 17c per $1 to $186,050; 10% of repayment income above $186,050.
Company tax 2026–27
- Base rate entity
- 25%
Aggregated turnover under $50 million and no more than 80% of assessable income is passive (rent, interest, dividends, royalties, net capital gains).
- All other companies
- 30%
- Division 7A benchmark interest rate
- 8.77%
Year ending 30 June 2027; the minimum rate on complying shareholder loans.
Superannuation 2026–27
- Super guarantee rate
- 12%
From 1 July 2026 super must reach the employee's fund within seven business days of each payday (payday super). Quarterly due dates ended with the June 2026 quarter.
- Maximum contribution base
- $270,830 a year
Employers need not pay super guarantee on earnings above this.
- Concessional contributions cap
- $32,500
Employer and salary-sacrifice contributions plus personal contributions you claim. Unused cap can be carried forward for up to five years if your total super balance was under $500,000 at the previous 30 June.
- Non-concessional contributions cap
- $130,000
Bring-forward of up to $390,000 over three years if your total super balance is under $1.84 million; reduced between $1.84 and $1.97 million; nil at $2.1 million or more.
- General transfer balance cap
- $2.1 million
The lifetime limit on super moved into retirement-phase income streams.
- Division 293 threshold
- $250,000
Income plus concessional contributions above this attracts an extra 15% tax on the contributions.
- Preservation age
- 60
For anyone born on or after 1 July 1964.
Work-related and small business figures
- Cents per kilometre 2026–27
- 91 cents per km
Up to 5,000 work-related kilometres per car; covers all running costs.
- Working from home, fixed rate (2025–26, latest published)
- 70 cents per hour
Requires a record of the actual hours worked from home. The ATO had not published a 2026–27 rate at 21 September 2026.
- Instant asset write-off
- $20,000 per asset
Permanent from 1 July 2026 for businesses with aggregated turnover under $10 million using simplified depreciation. The asset must be first used or installed ready for use in the year.
- GST
- 10%
Registration is required once GST turnover reaches $75,000 ($150,000 for non-profit bodies).
- Capital gains discount
- 50% for individuals and trusts
Assets held for at least 12 months; complying super funds 33⅓%; companies none. Foreign residents receive no discount on gains accrued after 8 May 2012.
- Capital gains and negative gearing from 1 July 2027
- Legislated
The 50% discount is replaced by cost-base indexation and a 30% minimum tax rate on capital gains, and negative gearing is limited to new builds, for gains accruing and properties acquired after the changeover; properties held at 12 May 2026 keep negative gearing (Treasury Laws Amendment (Tax Reform No. 1) Act 2026).
- Taxable payments annual report
- Due 28 August
Businesses paying contractors in building, cleaning, courier, road freight, IT and security services.
General information current at 21 September 2026. Figures change with each Budget and each July; we review this page every July and when the law changes. It does not take your circumstances into account and is not a substitute for advice.
Numbers are the easy part.
What they mean for your return, your structure or your super is where we come in.