A new financial year brings updated tax rates, superannuation limits and key thresholds that may affect individuals, families and business owners. Here’s a quick summary of the key figures for FY2026-27.
Individual Income Tax Rates (Residents)
| Taxable Income | Tax Rate |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 15% |
| $45,001 – $135,000 | 30% |
| $135,001 – $190,000 | 37% |
| Over $190,000 | 45% |
Rates shown are for Australian tax residents and do not include the Medicare levy (2%).
Key Rates
| Rate | FY2026-27 |
|---|---|
| Personal Tax Rate ($18,201–$45,000) | 15% |
| Medicare Levy | 2% |
| Super Guarantee Rate | 12% |
| Super Concessional Contributions Cap# | $32,500 |
| Super Non-Concessional Contributions Cap^ | $130,000 |
| Transfer Balance Cap* | $2.1 million |
| Company Tax Rate (Base Rate Entities) | 25% |
| Company Tax Rate (Other Companies) | 30% |
| Maximum LITO | $700 |
| HECS/HELP Repayment Threshold | $69,528 |
|
Capital Gains Tax (Assets held > 12 months by individuals and trusts) |
50% CGT Discount |
# Individuals may also be able to utilise unused concessional contribution caps from prior years under the five-year catch-up rule, subject to their total superannuation balance being under $500,000.
^ Under the bring-forward rule, eligible individuals may contribute up to $390,000 in a single year by drawing on up to three years’ worth of non-concessional caps in advance, subject to age and total superannuation balance restrictions.
* This is the maximum amount that can generally be transferred into retirement phase pensions. (Individual caps may vary depending on previous pension commencements.)
Key Changes This Year
✅ Personal tax rate reduced from 16% to 15% for income between $18,201 and $45,000
✅ Non-Concessional Contribution Cap^ increased to $130,000
✅ Concessional Contribution Cap# increased to $32,500
✅ Superannuation Guarantee Rate remains at 12%
✅ Transfer Balance Cap* increased to $2.1 million
Tribel Tip: Understanding the latest rates and thresholds is important, but the greatest financial opportunities often come from proactive planning around cash flow, investments, business structures and succession planning. The start of a new financial year is an ideal time to review.
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Rates and thresholds current as at July 2026. Professional advice should be sought before acting on any of the information above.
