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GUIDES
Australia
The 15% rate starts 1 July 2026. Medicare and LITO are not inside the bracket table.
Australia Tax Rates 2026–27
Resident income tax from 1 July 2026: 0% to $18,200, 15% to $45,000, 30% to $135,000, 37% to $190,000, 45% above. The 16% rate becomes 15%.
Medicare Levy 2026–27
Most Australian residents pay a 2% Medicare levy. Singles pay nothing at or below $28,011 for 2026–27, then a reduced levy until the full 2% applies.
Low Income Tax Offset 2026–27
LITO is worth up to $700 below $37,500. It reduces by 5 cents per dollar to $45,000, then by 1.5 cents per dollar, and it is gone by about $66,667. It cuts tax, not Medicare.
Read the rule, not just the result
The long pages are where the brackets, the wage base, and the three UK property taxes are written out.