Individual Tax Rates

Taxable income                                        Tax on this income

0 – $18,200                                                              Nil

$18,201 – $37,000                                   19c for each $1 over $18,200

$37,001 – $80,000                              $3,572 plus 32.5c for each $1 over $37,000

$80,001 – $180,000                             $17,547 plus 37c for each $1 over $80,000

$180,001 and over                               $54,547 plus 45c for each $1 over $180,000

Company Tax Rate - 30%

Discretionary Trusts – Rates vary between company and individual rates.

Superannuation Tax Rate - 15%

Pension Funds - 0%

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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