Tax Rates · Reference

Australian Marginal Tax Rates 2026-27

See your official tax-bracket rate, estimated tax on the next dollar, and average rate. The calculator accounts for LITO and the individual Medicare low-income reduction.

2026-27 current ratesCompare 2025-26LITO + Medicare
$

Enter your annual taxable income (before tax). This is your gross income minus deductions.

Uses the single low-income reduction; family, SAPTO and exemption settings can differ.

Awaiting input

Enter your taxable income to see your marginal tax rate.

Australian tax brackets 2026-27

Australia uses a progressive tax system — you pay different rates on different portions of your income, not a single rate on the entire amount.

Taxable incomeTax rateTax on this income
$0 – $18,2000%Nil
$18,201 – $45,00015%15 cents for each $1 over $18,200
$45,001 – $135,00030%$4,020 plus 30 cents for each $1 over $45,000
$135,001 – $190,00037%$31,020 plus 37 cents for each $1 over $135,000
$190,001 and over45%$51,370 plus 45 cents for each $1 over $190,000

Medicare: most taxpayers above the individual low-income phase-in range pay 2%. Below that range it can be nil or phase in at 10 cents per extra dollar, so simply adding 2% is not always correct.

Compared with 2025-26: the second bracket is now 15%, down from 16%. See both years side-by-side →

What is marginal tax rate?

Your marginal tax rate is the rate of tax applied to your last (or next) dollar of income. It's the rate you pay on income at the top of your earnings — not on all your income.

Example: $100,000 income (2026-27)

$0 – $18,200 at 0% = $0
$18,201 – $45,000 at 15% = $4,020
$45,001 – $100,000 at 30% = $16,500

Income tax: $20,520 | Medicare: $2,000 | Total: $22,520 | Next-dollar rate: 32% | Average rate: 22.5%

Even though you're in the 30% bracket, you don't pay 30% on all income. The first $18,200 is tax-free and the next portion is taxed at 15%.

Marginal rate vs average rate

Marginal rate

Tax on your next dollar of income.

Use for: deduction value, salary sacrifice decisions, bonus tax.

Average rate

Total tax divided by total income.

Use for: understanding your overall tax burden as a percentage of income.

Key insight: Your average rate is usually lower than the rate on your next dollar because the tax-free threshold and lower brackets apply first.

Estimated rates by income — 2026-27

These figures apply resident income tax after LITO plus the individual Medicare levy reduction. “Bracket” is the statutory rate on the top income slice; “next dollar” also reflects LITO withdrawal and Medicare phase-in.

Taxable income Total estimated tax Average rate Tax bracket Next-dollar rate
$30,000 $1,269 4.2% 15% 25%
$45,000 $4,595 10.2% 15% 33.5%
$60,000 $9,620 16% 30% 33.5%
$80,000 $16,120 20.2% 30% 32%
$100,000 $22,520 22.5% 30% 32%
$135,000 $33,720 25% 30% 39%
$150,000 $39,570 26.4% 37% 39%
$190,000 $55,170 29% 37% 47%
$250,000 $83,370 33.3% 45% 47%

Assumes a single Australian resident who is not entitled to SAPTO or a Medicare exemption. Family Medicare thresholds, MLS, HELP and other offsets are outside this table.

Why your marginal rate matters
Tax deductions — Deductions reduce your taxable income at your marginal rate. If your marginal rate is 32%, a $1,000 deduction saves you $320 in tax.
Salary sacrifice to super — Super contributions are taxed at 15% inside the fund. At a 32% marginal rate, salary sacrificing saves you 17 cents in tax for every dollar contributed.
Bonus and overtime — Extra income is taxed at your marginal rate. A $10,000 bonus to someone earning $100,000 will result in about $3,200 in additional tax.
Investment income — Interest, dividends, and rental income are added to your other income and taxed at your marginal rate — why high-income earners prefer tax-advantaged investments.
Current resident rate changes

The Stage 3 structure began on 1 July 2024. A further enacted cut reduced the second resident rate from 16% to 15% on 1 July 2026.

The former 19% bracket is now 15% for 2026-27
The 32.5% bracket was reduced to 30%
The 37% bracket threshold increased from $120,000 to $135,000
The 45% bracket threshold increased from $180,000 to $190,000
FAQ
What is a marginal tax rate?
Your marginal tax rate is the rate of tax applied to your last dollar of income. In Australia's progressive tax system, as your income increases, you move into higher tax brackets. Your marginal rate only applies to income above each threshold, not your entire income.
What are the tax brackets for 2026-27?
For 2026-27, Australian residents pay: 0% on income up to $18,200, 15% on $18,201-$45,000, 30% on $45,001-$135,000, 37% on $135,001-$190,000, and 45% on income over $190,000. Medicare levy and tax offsets can change the actual tax on your next dollar.
What is the difference between marginal and average tax rate?
Your tax-bracket rate applies to the top slice of your income. Your average rate is total estimated tax divided by total income. The calculator also shows a next-dollar rate that includes LITO withdrawal and the Medicare low-income phase-in where relevant.
Does Medicare levy affect my marginal rate?
For most taxpayers above the low-income phase-in range, Medicare adds 2 percentage points. It is not a flat 2% at low incomes: the levy is nil below the lower threshold and phases in at 10 cents per extra dollar before reaching the full rate.
Why does my marginal rate matter for tax planning?
Your next-dollar rate helps estimate the value of deductions, salary sacrifice and additional income. The calculator separates the official bracket rate from LITO withdrawal and Medicare so you can see why the actual estimate may differ.
What is the highest marginal tax rate in Australia?
The highest marginal rate is 45% on income over $190,000, plus 2% Medicare levy = 47%. High-income earners above $250,000 may also pay Division 293 tax (additional 15% on super contributions), and those without private health insurance may pay Medicare Levy Surcharge.
What is the effective tax rate on a $100,000 income in Australia?
On a $100,000 taxable income in 2026-27, estimated income tax is $20,520 and the individual Medicare levy is $2,000, giving total estimated tax of $22,520 and an average rate of 22.5%. The tax-bracket rate is 30% and the combined next-dollar rate is 32%.

EOFY 2026 tools: EOFY action plan, tax refund calculator, EOFY checklist, EOFY countdown

Tax Accuracy & Sources

Reviewed: March 2026 · Tax year: 2026-27

Applies 2026-27 and 2025-26 Australian resident brackets, LITO and the individual Medicare low-income reduction. Excludes family and SAPTO Medicare thresholds, Medicare exemptions, MLS, HELP, non-resident rates and other offsets.