Australia Tax Cheatsheet 2026–27
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The ATO applies these figures for the financial year running 1 July to 30 June, alongside the Medicare Levy and compulsory superannuation contributions shown below.
| Allowance / Band | Amount | Notes |
|---|---|---|
| Tax-Free Threshold | Up to $18,200 | 0% |
| Second Tax Bracket | $18,201 – $45,000 | 15% |
| Third Tax Bracket | $45,001 – $135,000 | 30% |
| Fourth Tax Bracket | $135,001 – $190,000 | 37% |
| Top Tax Bracket | Over $190,000 | 45% |
| Superannuation Guarantee Rate | 12% | 2026–27 financial year |
| Concessional Super Cap | $32,500/year | 2026–27 financial year |
| Non-Concessional Super Cap | $130,000/year | 2026–27 financial year |
| General Transfer Balance Cap | $2.1 million | 2026–27 financial year |
| Medicare Levy | 2% | Of taxable income, thresholds apply |
Want to see how these brackets play out on your own income? Try our Salary Calculator or ROI Calculator
For informational purposes only, not tax advice. Figures apply to the 2026–27 Australian financial year and may change.
