top of page
  • Peer Wealth

BUDGET 2016 - INDIVIDUALS



PERSONAL INCOME TAX

From 1 July 2016, the 32.5% personal income tax threshold will increase from $80,000 to $87,000. This is a tax saving of $315 for individuals earning more than $87,000.

High income earners who earn over $180,000 are currently paying a 2% Temporary budget Repair Levy, this is scheduled to be removed on 30 June 2017.

2 views
bottom of page