The following table summarises the tax rates that apply to residents in 2019/20.
Taxable income | Tax payable (excludes Medicare levy) |
---|---|
$0 – $18,200 | Nil |
$18,201 – $37,000 | 19% |
$37,001 – $90,000 | $3,572 + 32.5% |
$90,001 – $180,000 | $20,797 + 37% |
$180,001 + | $54,097 + 45% |
Source: Australian Taxation Office (ATO).
Get set in the right direction with help and guidance available over the phone, online or face-to-face.
Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.
Complete our contact form
Find an adviser near you
We won’t be supporting this version of your browser. Please download one of our supported browsers. Refer to our Computer and Internet browser requirements.
National Australia Bank Limited ABN 12 004 044 937, AFSL 230686.
MLC Limited uses the MLC brand under licence. MLC Limited is a part of the Nippon Life Insurance Group and not part of the NAB Group of Companies.