Tax rates - personal from 1st July 2005 |
Taxable income
|
Tax rate
|
$0 - $6,000
$6,001 - $21,600
$21,601 - $63,000
$63,001 - $80,000
$80,001 +
|
Nil
17%
30%
42%
47% |
In additon, a low income rebate of up to $150 continues to apply. |
| |
|
Tax rates - personal from 1st July 2004 |
$0 - $6,000
$6,001 - $21,600
$21,601 - $58,000
$58,001 - $70,000
$70,001 + |
Nil
17%
30%
42%
47% |
In additon, a low income rebate of up to $150 continues to apply. |
| |
|
Preservation age
The preservation age on claiming retirement will increase from age 55 to 60. This age will increase between the years 2015 and 2025 in accordance with this scale. |
People born |
Preservation age |
Before July 1960
July 1960 - June 1961
July 1961 - June 1962
July 1962 - June 1963
July 1963 - June 1964
After June 1964 |
55
56
57
58
59
60 |
| |
|