Personal Income Tax Plan :


  • changes to income tax rate thresholds in the 2018-19, 2022-23- and 2024-25-income years
  • The Government’s Personal Income Tax Plan, as announced in the 2018-19 Federal budget, has been passed. External Link by Parliament. There will be:
  • a new low income tax offset from the 2022-23 income year (to replace both the new low and middle income tax offset and the current Low Income Tax Offset ).
  • a new low and middle income tax offset to reduce the tax payable by low and middle income earners in the 2018-19, 2019-20, 2020-21 and 2021-22 income years

Get Free Tax Refund Estimate







Updated Rates, thresholds and offset, entitlements linked to these changes


Rate (%)New tax thresholds from
1 July 2018 Income range($)
New tax thresholds from
1 July 2022 Income range($)
New tax thresholds from
1 July 2024 Income range($)
Tax free0 - 18,2000 - 18,20018,200
1918,201 - 3700018,201 - 41,00018,201 - 41,000
32.537,001 - 90,00041,001 - 120,00041,001 - 200,000
3790,001 - 180,000120,001 - 180,000-
45>180,000>180,000>200,000
New low and middle income tax offsetUp to 530--
Current low income tax offsetUp to 445--
New low income tax offset-Up to 645Up to 645

Fringe benefits tax – rates and thresholds


  • The FBT year runs from 1 April to 31 March.
  • Certain rates and thresholds are referenced from the relevant taxation determination
  • This information contains fringe benefits tax (FBT) rates and thresholds for the 2016–17 to 2018–19 FBT years.

FBT rate for the year ending 31 March 2017 to March 2019


FBT YearFBT Rate
Ending Year 201947%
Ending Year 201847%
Ending Year 201749%