8 May 2018 Budget 2018-19 Staggered reductions to personal income tax rates Current rates Stage 1 Stage 2 Stage 3 2017-18 2018-19 to 2021-22 2022-23 to 2023-24 2024-25 Tax-free amount $18,200 $18,200 $18,200 $18,200 First rate, 19% 19% 19% 19% income between $18,201 to $37,000 $18,201 to $37,000 $18,201 to $41,000 $18,201 to $41,000 Second rate, 32.5% 32.5% 32.5% 32.5% income between $37,001 to $87,000 $37,001 to $90,000 $41,001 to $120,000 $41,001 to $200,000 Third rate, 37% 37% 37% 45% income between $87,001 to $180,000 $90,001 to $180,000 $120,001 to $180,000 $200,001 and above Fourth rate, 45% 45% 45% income between $180,001 and above $180,001 and above $180,001 and above For further information, please contact Sydney Julian Pinson phone +61 2 9225 5994 Graeme Cooper
8 May 2018 Budget 2018-19 Staggered reductions to personal income tax rates Current rates 2017-18 Stage 1 2018-19 to 2021-22 Stage 2 2022-23 to 2023-24 Stage 3 2024-25 Tax-free amount $18,200 $18,200 $18,200 $18,200 First rate, income between 19% $18,201 to $37,000 19% $18,201 to $37,000 19% $18,201 to $41,000 19% $18,201 to $41,000 Second rate, income between 32.5% $37,001 to $87,000 32.5% $37,001 to $90,000 32.5% $41,001 to $120,000 32.5% $41,001 to $200,000 Third rate, income between 37% $87,001 to $180,000 37% $90,001 to $180,000 37% $120,001 to $180,000 45% $200,001 and above Fourth rate, income between 45% $180,001 and above 45% $180,001 and above 45% $180,001 and above For further information, please contact Sydney Julian Pinson phone +61 2 9225 5994 Graeme Cooper
table-for-tax-brief.docx