Tax cut calculator
Compare your tax in 2025–26 with 2026–27, after the first tax rate fell from 16% to 15%.
Your tax cut in 2026–27$268a year · $5.15 a week
| 2025–26 | 2026–27 | |
|---|---|---|
| Income tax and Medicare | $16,388 | $16,120 |
| Take-home pay | $63,612 | $63,880 |
| Per fortnight | $2,447 | $2,457 |
From 1 July 2026 the first tax rate fell from 16% to 15% (income from $18,201 to $45,000). Everyone earning over $45,000 saves the same $268 a year.
Good to know
From 1 July 2026, the tax rate on income between $18,201 and $45,000 fell from 16% to 15%. The other brackets stayed the same.
Because the cut applies to one bracket, anyone earning over $45,000 saves the same amount: $268 a year, about $5 a week. People earning less save proportionally less.