Lodgment rates and thresholds guide 2018-19

To save you having to laboriously search for the right tax rate or relevant threshold, the essential information is right here in one place.

This guide includes tax rates, offset limits and benchmarks, rebate levels, allowances, and essential super as well as FBT rates and thresholds (including current gross-up factors) and student loan repayment rates.

Individuals’ tax rates and offsets; motor vehicles

Individual tax rates for residents

2017-18 tax thresholds
Taxable income Rate (%) Tax on this income
$0 – $18,200 Nil tax payable
$18,201 – $37,000 19 19c for each $1 over $18,200
$37,001 – $87,000 32.5 $3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,000 37 $19,822 plus 37c for each $1 over $87,000
$180,001 and above 45* $54,232 plus 45c for each $1 over $180,000
2018-19 tax thresholds
Taxable income Rate (%) Tax on this income
$0 – $18,200 0 Nil tax payable
$18,201 – $37,000 19 19c for each $1 over $18,200
$37,001 – $90,000 32.5 $3,572 plus 32.5c for each $1 over $37,000
$90000 – $180,000 37 $20797 plus 37c for each $1 over $90000
$180,001 and above 45 $54,097 plus 45c for each $1 over $180,000

Individual tax rates for non-residents

2017-18 tax thresholds
Taxable income Rate (%) Tax on this income
$0 – $87,000 32.5 32.5c for each $1
$87,001 – $180,000 37 $28,275 plus 37c for each $1 over $87,000
$180,001 and above 45* $62,685 plus 45c for each $1 over $180,000
2018-19 tax thresholds
Taxable income Rate (%) Tax on this income
$0 – $90,000 32.5 32.5c for each $1
$90,001 – $180,000 37 $29,250 plus 37c for each $1 over $90,000
$180,001 and above 45 $62,550 plus 45c for each $1 over $180,000

2018-19 resident minors’ tax rate

Taxable income Tax on this income
Up to $416 Nil
$417 – $1,307 66% for the part over $416
$1,308 and above 45% of total income that is not excepted income*
*Excepted income includes employment income

2018-19 non-resident minors’ tax rate on eligible income

Taxable income Tax on this income
$0-$90,000 32.5% on the entire amount
$90,001-$180,000 $29,250 + 37% on the part over $90,000
$180,001 and over $62,550 + 45% of excess over $180,000

Tax offsets for individuals

2018-19 Low Income Tax Offset

Taxable income Tax offset
$0 – $37,000 $445
$37,001 – $66,666 $445 – (1.5% of excess over $37,000)
$66,667 and above Nil

2018-19 Low and Middle Income Tax Offset

Taxable income Tax offset
Up to $37,000 $200
$37,000 – $48,000 $200 plus 3c for each $ over $37,000
$48,001 – $90,000 $530
$90,001 – $125,333 $530 less 1.5c for each $ over $90,000

2017-18 Net Medical Expenses Offset

Tax offset claimable 1 Adjusted taxable income
20% of net medical expenses over $2,333 Single2: $90,000 or less
Family3: $180,000 or less
10% of net medical expenses over $5,504 Single2: above $90,000
Family3: above $180,000
1: Offset for 2017-18 only available for disability aids, attendant care or aged care.
2: Single at 30 June 2018, no dependent children.
3: Has a spouse at 30 June 2018, or dependent children at any time during 2017-18, or both.

2017-18 Dependant (Invalid & Carer) Offset

Adjusted taxable income is: Offset amount
$282 or less $2,666*
$283 – $10,946 $2,627* – [(ATI – $282) ÷ 4]
$10,946 and above Nil
*This is the maximum offset. Assumes dependant status maintained for full income year.

2018-19 Senior Australian and Pensioners Tax Offset

Family status Max. tax offset Shade-out income threshold Cut-out income threshold
Single $2,230 $32,279 $50,119
Married / de facto (each) $1,602 $28,974 $41,790
Separated due to illness (each) $2,040 $31,279 $47,599
Note: Offset entitlements reduce by 12.5c for each $1 of rebate income in excess of the shade-out threshold. No entitlement when rebate income reaches the cut-out threshold.

Motor vehicles

2018-19 2017-18
Luxury car tax limit $66,331 $65,094
Fuel efficient luxury car tax limit $75,526 75,526
Car depreciation limit $57,581 $57,581
Max. input tax credit claim for cars $5,234 $5,234
Cents per km car rates
2018-19: 68c per km* 2017-18: 66c per km*
*regardless of engine size

Medicare, HELP and SFSS

Medicare

2017-18 Medicare levy

Medicare levy is 2% of an individual’s taxable income.

2017-18 Medicare levy for families with dependants

Family taxable income $
Nil levy payable Reduced levy shade-in range (10% of excess over nil band) Normal 2% payable
0 To $37,089 $37090 – $46361 $46362 & above
1 To $40,495 $40496 – $50618 $50619 & above
2 To $43,901 $43,902 – $54,876 $54,877 & above
3 To $47,307 $47,308 – $59,133 $59,134 & above
4 To $50,713 $50,714 – $63,391 $63,392 & above
5 To $54,119 $54,120 – $67,648 $67,649 & above
6 To $57,525 1 $57,526 1 – $71,906 $71,907 2 & above
For more than 6 dependent children and/or students:
1: Add $3,406 per child/student
2: Add $4,257 per child/student

2018-19 Medicare levy surcharge

Income for MLS purposes 1 Rate
Single Family 2
$0 – $90,000 $0 – $180,000 0%
$90,001 – $105,000 $180,001 – $210,000 1%
$105,001 – $140,000 $210,001 – $280,000 1.25%
$140,001 and above $280,001 and above 1.5%
1: Includes taxable income, reportable fringe benefits, reportable super contributions, net investment losses, exempt foreign income and any net amount subject to family trust distribution tax.
2: Threshold increases by $1,500 for each additional dependent child after the first.

2018-19 Medicare levy reduction threshold

Taxable income Medicare levy payable
$0 – $21,980 Nil
$21,980 – $27,068 10% of excess over $21,980
$27,069 and above 2% of taxable income

2018-19 Medicare levy threshold: Individuals who qualify for Senior Australian and Pensioner Tax Offset

Taxable income Medicare levy payable
$0 – $34,758 Nil
$34,758 – $42,805 10% of excess over $34,758
$42,806 and above 2% of taxable income

2017-18 HELP compulsory repayments

HELP repayment income (HRI) Rate (of HRI)
Below $55,874 Nil
$55,874 – $62,238 4%
$62,239 – $68,602 4.5%
$68,603 – $72,207 5%
$72,208 – $77,618 5.5%
$77,619 – $84,062 6%
$84,063 – $88,486 6.5%
$88,487 – $97,377 7%
$97,378 – $103,765 7.5%
$103,766 and above 8%

2017-18 SFSS compulsory repayments

Repayment income (RI) Rate (of RI)
Below $55,874 Nil
$55,874 – $68,602 2%
$68,603 – $97,377 3%
$97,378 and above 4%

2018 – 19 HELP compulsory repayments

HELP repayment income (HRI) Rate (of HRI)
Below $51,957 Nil
$51,957 – $57,729 2%
$57,730 – $64,306 4%
$64,307 – $70,881 4.5%
$70,882 – $74,607 5%
$74,608 – $80,197 5.5%
$80,198 – $86,855 6%
$86,856 – $91,425 6.5%
$91,426 – $100,613 7%
$100,614 – $107,213 7.5%
$107,214 and above 8%

2018-19 SFSS compulsory repayments

Repayment income (RI) Rate (of RI)
Below $51,957 Nil
$51,957 – $64,306 2%
$64,307 – $91,425 3%
$91,426 and above 4%

This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.

Superannuation, business, CGT and FBT

2018-19 Superannuation rates & thresholds

SLS 1 low rate cap amount (indexed) $205,000
SLS 1 untaxed plan cap amount (indexed) $1,480,000
Life benefit ETP 2 cap (indexed) 3 $205,000
Death benefit ETP 2 cap (indexed) 3 $205,000
Tax-free part of a genuine redundancy payment or early retirement scheme payment (indexed) $10,399
For each completed year of service add $5,200
Government co-contribution (max $500)
Lower income threshold $37,297
Higher income threshold $52,697
From 1 July 2017, total superannuation balance cannot exceed $1.6m.
Contribution caps
Concessional (indexed) $25,000
Concessional (temporary, non-indexed) 4 $25,000
Non-concessional $100,000
CGT cap (indexed) $1,480,000
Non-concessional with bring forward option (non-indexed) 5 $300,000
Superannuation Guarantee (SG)
Prescribed minimum employer contribution rate 9.50%
Maximum contribution base (per SG quarter) $54,030
Minimum account based pension withdrawal
Under 65 years 4%
65 to less than 75 years 5%
75 to less than 80 years 6%
80 to less than 85 years 7%
85 to less than 90 years 9%
90 to less than 95 years 11%
95 years and over 14%
Maximum pension withdrawal
Transition to retirement 10%
Account based pension 100%
Preservation age table
Date of birth:
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
1 July 1964 or later 60
1: Superannuation Lump Sum (SLS)
2: Employment Termination Payment (ETP)
3: Whole of income cap of $180,000 applies.
4: In 2018-19, a $25,000 cap applies for individuals of all ages.
5: Eligible persons may bring forward the next 2 years’ non-concessional contributions.

Corporate entity tax rates 2018-19 Rate
Private and public companies 27.5% or 30% 1
Corporate unit trusts and public trading trusts 27.5% or 30% 1
Life Insurance companies
Ordinary class 30%
Complying superannuation class 15%
Non-profit companies
First $416 of taxable income Nil
Taxable income $417 – $831 55% of excess over $416 2
Taxable income $832 and above 30% or 27.5% 1
1: Tax rate is 27.5% for companies that are BREs with aggregated annual turnover less than $50 million and passive income no more than 80% of total assessable income from 1 July 2018.
2: Upper limit is $832 for non-profit companies that are BREs from 1 July 2018.

Division 7A - benchmark interest rate

2018-19 5.20% 2017-18 5.30%

2018-19 CGT improvement threshold

Improvement threshold $150,386

FBT rates and thresholds

FBT and gross-up rates

FBT year Rate Type 1 Type 2
2018-19 47% 2.0802 1.8868
2017-18 47% 2.0802 1.8868

Car fringe benefits

Statutory formula method

The statutory fraction is 20% * .

*Applies to “commitments” entered into from May 2011. Previous statutory fractions based on kms travelled may be used for pre-May 2011 commitments.

Taxable value of a fringe benefit of a motor vehicle other than a car (c/km basis)

FBT year ending 0 – 2500cc Over 2500cc Motor cycles
31-Mar-19 54c 65c 16c
31-Mar-18 53c 63c 16c

Record keeping exemption

2018-19 $8,552 2017-18 $8,393

FBT - Benchmark interest rate

2018-19 5.20% 2017-18 5.25%

Car parking threshold

2018-19 $8.83 2017-18 $8.66

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