Australia Income Tax Rates
We are always asked about the income tax rates in Australia and we aim to keep this information as accurate as possible.
However, as with anything of a financial nature please always check for yourself or use a local accountant. This information is not intended to constitute financial advice nor should it be interpreted as such.
These are the following Australia Income Tax rates for 2014-15 and apply from the 1st July 2014.
Income Band in AUD $
$0 – $18,200 is taxed at Zero
$18,201 – $37,000 is taxed at 19%
$37,001 – $80,000 is taxed at 32.5%
$80,001 – $180,000 is taxed at 37%
$180,001+ is taxed at the rate of 45%
At today’s exchange rates the salary figures quoted a represented in GBP at the following levels:
$18,000 is £9,500
$37,000 is £20,000
$80,000 is £42,000
$180,000 AUD works out at approximately £95,000 GBP
From the 1st July 2014 the Medicare levy increased from 1% to 2% – Medicare being the name for the Australian Healthcare system currently in use. It is similar in nature to the NHS with some notable exceptions. It is however very well funded and a World Class health system.
As with any Australia Income Tax Rates Guide always check for yourself with a Local Accountant.