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 incomeRate (%)Tax on this income
$0 – $18,200Nil tax payable
$18,201 – $37,0001919c for each $1 over $18,200
$37,001 – $87,00032.5$3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,00037$19,822 plus 37c for each $1 over $87,000
$180,001 and above45*$54,232 plus 45c for each $1 over $180,000
2018-19 tax thresholds
Taxable incomeRate (%)Tax on this income
$0 – $18,2000Nil tax payable
$18,201 – $37,0001919c for each $1 over $18,200
$37,001 – $90,00032.5$3,572 plus 32.5c for each $1 over $37,000
$90000 – $180,00037$20797 plus 37c for each $1 over $90000
$180,001 and above45$54,097 plus 45c for each $1 over $180,000

Individual tax rates for non-residents

2017-18 tax thresholds
Taxable incomeRate (%)Tax on this income
$0 – $87,00032.532.5c for each $1
$87,001 – $180,00037$28,275 plus 37c for each $1 over $87,000
$180,001 and above45*$62,685 plus 45c for each $1 over $180,000
2018-19 tax thresholds
Taxable incomeRate (%)Tax on this income
$0 – $90,00032.532.5c for each $1
$90,001 – $180,00037$29,250 plus 37c for each $1 over $90,000
$180,001 and above45$62,550 plus 45c for each $1 over $180,000

2018-19 resident minors’ tax rate

Taxable incomeTax on this income
Up to $416Nil
$417 – $1,30766% for the part over $416
$1,308 and above45% of total income that is not excepted income*
*Excepted income includes employment income

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

Taxable incomeTax on this income
$0-$90,00032.5% 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 incomeTax offset
$0 – $37,000$445
$37,001 – $66,666$445 – (1.5% of excess over $37,000)
$66,667 and aboveNil

2018-19 Low and Middle Income Tax Offset

Taxable incomeTax 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 1Adjusted taxable income
20% of net medical expenses over $2,333Single2: $90,000 or less
Family3: $180,000 or less
10% of net medical expenses over $5,504Single2: 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 aboveNil
*This is the maximum offset. Assumes dependant status maintained for full income year.

2018-19 Senior Australian and Pensioners Tax Offset

Family statusMax. tax offsetShade-out income thresholdCut-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

2018-192017-18
Luxury car tax limit$66,331$65,094
Fuel efficient luxury car tax limit$75,52675,526
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 payableReduced levy shade-in range (10% of excess over nil band)Normal 2% payable
0To $37,089$37090 – $46361$46362 & above
1To $40,495$40496 – $50618$50619 & above
2To $43,901$43,902 – $54,876$54,877 & above
3To $47,307$47,308 – $59,133$59,134 & above
4To $50,713$50,714 – $63,391$63,392 & above
5To $54,119$54,120 – $67,648$67,649 & above
6To $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 1Rate
SingleFamily 2
$0 – $90,000$0 – $180,0000%
$90,001 – $105,000$180,001 – $210,0001%
$105,001 – $140,000$210,001 – $280,0001.25%
$140,001 and above$280,001 and above1.5%
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 incomeMedicare levy payable
$0 – $21,980Nil
$21,980 – $27,06810% of excess over $21,980
$27,069 and above2% of taxable income

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

Taxable incomeMedicare levy payable
$0 – $34,758Nil
$34,758 – $42,80510% of excess over $34,758
$42,806 and above2% of taxable income

2017-18 HELP compulsory repayments

HELP repayment income (HRI)Rate (of HRI)
Below $55,874Nil
$55,874 – $62,2384%
$62,239 – $68,6024.5%
$68,603 – $72,2075%
$72,208 – $77,6185.5%
$77,619 – $84,0626%
$84,063 – $88,4866.5%
$88,487 – $97,3777%
$97,378 – $103,7657.5%
$103,766 and above8%

2017-18 SFSS compulsory repayments

Repayment income (RI)Rate (of RI)
Below $55,874Nil
$55,874 – $68,6022%
$68,603 – $97,3773%
$97,378 and above4%

2018 – 19 HELP compulsory repayments

HELP repayment income (HRI)Rate (of HRI)
Below $51,957Nil
$51,957 – $57,7292%
$57,730 – $64,3064%
$64,307 – $70,8814.5%
$70,882 – $74,6075%
$74,608 – $80,1975.5%
$80,198 – $86,8556%
$86,856 – $91,4256.5%
$91,426 – $100,6137%
$100,614 – $107,2137.5%
$107,214 and above8%

2018-19 SFSS compulsory repayments

Repayment income (RI)Rate (of RI)
Below $51,957Nil
$51,957 – $64,3062%
$64,307 – $91,4253%
$91,426 and above4%

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 rate9.50%
Maximum contribution base (per SG quarter)$54,030
Minimum account based pension withdrawal
Under 65 years4%
65 to less than 75 years5%
75 to less than 80 years6%
80 to less than 85 years7%
85 to less than 90 years9%
90 to less than 95 years11%
95 years and over14%
Maximum pension withdrawal
Transition to retirement10%
Account based pension100%
Preservation age table
Date of birth:
Before 1 July 196055
1 July 1960 – 30 June 196156
1 July 1961 – 30 June 196257
1 July 1962 – 30 June 196358
1 July 1963 – 30 June 196459
1 July 1964 or later60
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 2018-19Rate
Private and public companies27.5% or 30% 1
Corporate unit trusts and public trading trusts27.5% or 30% 1
Life Insurance companies
Ordinary class30%
Complying superannuation class15%
Non-profit companies
First $416 of taxable incomeNil
Taxable income $417 – $83155% of excess over $416 2
Taxable income $832 and above30% 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 yearRateType 1Type 2
2018-1947%2.08021.8868
2017-1847%2.08021.8868

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 ending0 – 2500ccOver 2500ccMotor cycles
31-Mar-1954c65c16c
31-Mar-1853c63c16c

Record keeping exemption

2018-19 $8,5522017-18 $8,393

FBT - Benchmark interest rate

2018-19 5.20%2017-18 5.25%

Car parking threshold

2018-19 $8.832017-18 $8.66

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