Question 1

What are the Australian tax brackets for 2025-26?

Accepted Answer

For 2025-26, Australian resident tax brackets are: $0-$18,200 at 0%, $18,201-$45,000 at 16%, $45,001-$135,000 at 30%, $135,001-$190,000 at 37%, and $190,001+ at 45%. Additionally, a 2% Medicare Levy applies to all taxable income.

Question 2

What is the Medicare Levy in Australia?

Accepted Answer

The Medicare Levy is 2% of your taxable income, funding Australia's public healthcare system. Low-income earners may qualify for a reduction or exemption. There is also a Medicare Levy Surcharge (1%-1.5%) for high-income earners without private hospital cover.

Question 3

How does superannuation work in Australia?

Accepted Answer

Superannuation (super) is a compulsory retirement savings scheme. In 2025-26, employers must contribute 11.5% of your ordinary time earnings to your super fund. This is paid on top of your salary and is not deducted from your take-home pay.

Australia Salary Calculator