A simple pay and salary calculator for you take-home pay in Australia for 2023-2025. Includes tax, Medicare levy, HECS-HELP, and super for residents, non-residents, and working holiday makers. Supports annual, monthly, fortnightly, weekly, and hourly/casual rates.
*Figures are estimates and may vary slightly. Consult a financial professional for personalised advice.
Weekly:
Fortnightly:
Monthly:
Annual:
Income Tax:
Medicare Levy:
HECS/HELP Repayment:
Super Contribution:
Australian residents are taxed at progressive rates for 2024-2025:
These rates do not include the Medicare Levy of 2%.
The Australian Government has announced tax cuts that will come into effect from July 1, 2026:
From July 1, 2027, the rate for the $18,201 to $45,000 bracket will be reduced further to 14c per dollar.
These changes will provide tax relief for low and middle-income earners, with the tax-free threshold remaining at $18,200. The Medicare Levy of 2% will still apply.
Medicare Levy:
Medicare Levy Surcharge (MLS):
Singles:
Families:
Avoiding the Surcharge:
Working Holiday Makers (WHM) are taxed at special rates for 2024-2025:
WHM visa holders must also pay the Medicare Levy of 2%.
Non-residents are taxed at different rates for 2024-2025:
Non-residents do not pay the Medicare Levy and cannot claim the tax-free threshold.
The Superannuation Guarantee (SG) rate for 2024-2025 is 11.5% of your ordinary time earnings. This rate will increase to:
Employers must pay super for eligible employees earning $450 or more per month (before tax).
HECS-HELP repayments start when your income reaches $54,435 (2024-2025). The repayment rate increases with your income:
The Low Income Tax Offset (LITO) is a tax benefit for low and middle-income earners. For 2024-2025:
For example:
Note: LITO is only available to Australian residents and is not available to non-residents or working holiday makers.
Your tax residency status is crucial for determining how you're taxed in Australia. Here's what you need to know:
I write about personal finance in Australia, hoping to make it a bit easier to understand. Check out my articles on salary sacrifice, crypto tax, CGT, and the FIRE movement.