What It Tracks in Australia
- Bank balances, Term Deposits, stocks, funds and ETFs, gold, crypto, bonds and property, valued in AUD.
- Super: Superannuation (employer), Personal super contributions, SMSF, First Home Super Saver. Employers pay the super guarantee of 12% on top of ordinary earnings.
- Loans and cards, with a payoff planner that shows which debt to clear first.
- Imports: payslips, bank statements (DMY dates and local shop names understood), invoice lists and broker holdings, read inside your browser.
Income Year 2026-27 Income Tax at a Glance
1 July 2026 to 30 June 2027. Rules as of October 2026.
| Income | Rate |
|---|---|
| A$0 to A$18,200 | 0% |
| A$18,201 to A$45,000 | 15% |
| A$45,001 to A$135,000 | 30% |
| A$135,001 to A$190,000 | 37% |
| Over A$190,000 | 45% |
Payroll Contributions
- Medicare levy (2%)
Resident rates from 1 July 2026, when the 16% rate fell to 15%. The low income tax offset and the Medicare levy phase-in for low incomes are included. Your employer also pays 12% super on top of your salary, and HELP study debt repayments are not included.
Example: a salary of A$90,000 a year.
Income taxA$17,520
Medicare levy (2%)A$1,800
Total A$19,320, an effective rate of 21.5%. Take-home about A$70,680 a year, or A$5,890 a month.
Self-Employed and Freelancers
- You need an ABN to invoice as a sole trader.
- There is no compulsory super for yourself, but personal contributions can be tax deductible.
- Once you owe enough tax, the ATO puts you on quarterly PAYG instalments.
- GST registration is required once turnover reaches A$75,000 a year.
On A$90,000 of profit, tax and contributions come to about A$19,320, so setting aside A$1,610 a month keeps you covered.
Key Dates
- 28 February: Quarterly BAS (October to December)
- 28 April: Quarterly BAS (January to March)
- 1 July: New income year starts
- 28 July: Quarterly BAS and PAYG instalment (April to June)
- 28 October: Quarterly BAS (July to September)
- 31 October: Lodge your tax return if you lodge it yourself
If Something Goes Wrong
- AFCA: Free, independent resolution of complaints about banks, insurers and super funds.
- ASIC Moneysmart: Check a company or adviser and learn your rights.
- Scamwatch: Report scams and get help.