Mar 22, 2014

Individual Income Tax Rates - Australian Resident 2013-2014

Tax rates 2013-14

The following rates for 2013-14 apply from 1 July 2013.
Taxable incomeTax on this income
0 – $18,200
$18,201 – $37,000
19c for each $1 over $18,200
$37,001 – $80,000
$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000
$17,547 plus 37c for each $1 over $80,000
$180,001 and over
$54,547 plus 45c for each $1 over $180,000
The above rates do not include the Medicare levy of 1.5% (refer to Guide to Medicare levy for more information).

If you’re eligible for super guarantee contributions, at least every three months your employer must pay into your super account a minimum of 9.25% of your ordinary time earnings, up to the ‘maximum contribution base’. (Note: prior to 1 July 2013 the rate was 9%.) These contributions are in addition to your salary or wages.

Concessional contributions are sometimes called ‘before-tax contributions' because the contributor can usually claim an income tax deduction. They include:
  • compulsory super guarantee contributions made by your employer
  • salary sacrifice contributions
  • any personal contributions you notify your fund you intend to claim as an income tax deduction.
Concessional contributions are taxed 15% in the super fund.
For 2013-14 and later years, if you exceed your concessional contributions cap the excess contributions are included in your taxable income. You will receive a non-refundable tax offset equal to the 15% tax paid by your fund on this amount.

Non-concessional contributions are generally the after-tax contributions you make to a super fund. They include personal contributions you make from your after-tax pay. They aren’t usually taxed in the super fund, but if you exceed your non-concessional contributions cap a tax of 46.5% (47% from 2014-15) applies to the excess.

Your contributions caps

Concessional (general cap)
Non-concessional cap
Tax on amounts over the cap
Included in your income tax return and taxed at your marginal rates.

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