Individual Rates from 1 July 2017 –30 June 2018. Taxable income Per cent $0 - $18,200 Nil $18,200 - $37,000 19.0% $37,001 - $80,000 32.5% $80,001 - $180,000 37.0% >$180,001 45.0% Individual Rates from 1 July 2016 –30 June 2017. Taxable income Per cent $0 - $18,200 Nil $18,201 - $37,000 19.0% $37,001 - $87,000 32.5% $87,001 - $180,000 37.0% >$180,001 47.0% Other Rates Company Rates 27.5%* Complying super 15% Non-complying super 45% FBT 47% SGC 9.50% *For company annual turnover less than $10 million. 30% for over $10 million turnover. Government co-contributions – Maximum $500 The government will contribute $0.50 for each dollar contributed up to maximum co-contribution of $1,000 for at or below the lower income threshold. 2016/17 Lower income threshold $36,021 Higher income threshold $51,021 Superannuation contributions Concessional contributions cap Income year Cap amount 2016/17 $30,000 2017/18 $25,000 For over-49s 2016/17 $35,000 2017/18 $25,000 Non-concessional contributions cap 2016/17 $180,000 Under 75 2017/18 $100,000 Under 65 Super less than $1.4m $300,000 cap Super $1.4m - $1.5m $200,000 cap Super $1.5m - $1.6m $100,000 cap Super over $1.6m Nil CGT cap amount 2016/17 $1.415m 2017/18 $1,445m Super Preservation Age Date of birth Preservation age Before 1/7/60 55 1/7/60 - 30/6/61 56 1/7/61 - 30/6/62 57 1/7/62 - 30/6/63 58 1/7/63 - 30/6/64 59 From 1/7/64 60 Minimum annual payments for super income stream Under 65 4% 65-74 5% 75-79 6% 80-84 7% 85-89 9% 90-94 11% 95 or more 14% |
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