13/05/2026
π¨ Personal Income Tax Cuts Are Coming
From 1 July 2026, the tax rate for income between $18,201 and $45,000 will reduce from 16% to 15%, saving eligible taxpayers up to $268 per year.
From 1 July 2027, the rate will reduce further to 14%, increasing total savings to up to $536 per year.
These changes are in addition to the Stage 3 tax cuts introduced from 1 July 2024.
π Contact Grow Accounting Services to find out how much you could save.