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Tax calculator

Simple personal income tax

The income tax you pay weekly/fortnight/monthly depends on your income minus any immediate deductions like salary sacrifice and tax offsets. Your Australian Tax File Number makes this work so be sure to declare it! Most other deductions only yield a benefit after you lodge your tax return for the year.

2019-2020 and 2020-2021 income tax

This calculator has the tax rates for 2019-2020 and 2020-2021 and will generate the correct tax that should be withheld from pay. The latest tax cuts work by increasing the Low and Middle Income Tax Offset, not by cutting tax rates directly – in plain English this means that most taxpayers will receive a bigger offset after they put in their yearly tax return. There is more information on the offsets at the ATO.

Income tax calculator

Find out the tax amount that should be withheld from your pay.

Find out the tax amount that should be withheld from your pay.

Income tax calculator

Find out the tax amount that should be withheld from your pay.

Your    tax breakdown
$XX,XXX net income
$XX,XXX tax withheld
Total income before tax $XX,XXX
Total taxes $XX,XXX
Income tax $XX,XXX
Medicare levy $X,XXX
Help/Hecs $X,XXX
Tax offsets (paid yearly) Tooltip $X,XXX
Net income $XX,XXX

Reduce your tax!

Superannuation tax rates are usually a lot less than regular tax on income. Top up your super and save tax by salary sacrificing.

Save $X,XXX in taxes a year
have an extra $X,XXX
at retirement

This calculator is an estimate of how your taxable income and retirement outcome are influenced by salary sacrifice. The estimate is based on assumptions and some factors that may affect your retirement outcomes may not have been taken into account. This is a model not a prediction and is not intended to be relied upon for the purposes of making a financial decision. Consider a fund's product disclosure statement (PDS) and your objectives, financial situation and needs, which are not accounted for in this information, before making an investment decision. You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.

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