Configure Inputs

A$85.00K
A$
A$30.00KA$500.00K
11.5%
%
020

Includes Stage 3 Tax Cuts (effective July 1, 2024) and 2% Medicare Levy. Low Income Tax Offset (LITO) not fully modeled for simplicity.

Monthly Net Pay

$5,584.33

Fortnightly: $2,577.38

Income Tax

A$16.29K

Medicare Levy

A$1.70K

Annual Net Pay

A$67.01K

Break-up of Maturity Value

Invested Amount
Est. Returns
Taxable Income$85,000.00
Income Tax-$16,288.00
Medicare Levy-$1,700.00
Super (Paid by Employer)+$9,775.00
Annual Net Pay$67,012.00

Income Distribution

Principal
Interest
Fees & Charges
Net Pay vs Tax vs Medicare

Deep Dive & FAQ

Your Net Pay in Australia

From July 1, 2024, Australia implemented significant "Stage 3" tax cuts, lowering rates for most taxpayers to provide cost-of-living relief.

Important Concepts:

  • Medicare Levy: Usually 2% of your taxable income, funding the public health system.
  • Superannuation Guarantee (SG): Currently 11.5% for 2024/25, paid by your employer on top of your base salary (unless your package is 'inclusive').
  • Tax-Free Threshold: The first $18,200 you earn is tax-free for residents.