Your tax percentage will decrease on 1st July 2024
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Taxation decrease
Did you know your Income will increase slightly as of 1st July 2024
(the changes will not impact your 2023-24 tax return)
Thresholds that were in 2023 -24 ($)
- 0 - 18,200 = tax free
- 18,201 - 45,000 = 19%
- 45,001 - 120,000 = 32.5%
- 120,001 - 180,000 = 37%
- over 180,000 = 45%
Thresholds for 2024 - 25 ($)
- 0 - 18,000 = tax free
- 18,201 - 45,000 = 16%
- 45,001 - 135,000 = 30%
- 135,001 - 190,000 = 37%
- over 190,000 = 45%
These changes will deliver a tax cut to every Australian taxpayer. Therefore more pay in your pockets.
See the tax cut calculator & the tax thresholds for 2023/24 and 2024/25 - here
Acknowledgment of Country
The Australian Nursing and Midwifery Federation Northern Territory Branch acknowledges the Aboriginal people as the Traditional Custodians of this land. We sit on Larrakia land and recognise that we have much to learn from Aboriginal people today, who represent the world's oldest continuing culture, and pay our sincere respects to Elders past, present, and emerging. We respectfully acknowledge the Australian Nursing and Midwifery Federation NT's Aboriginal and Torres Strait Islander members, staff, students, partners and visitors. We also acknowledge and respect the Traditional Owners of lands across Australia, their Elders, Ancestors, cultures, and heritage, and recognise the continuing sovereignties of all Aboriginal and Torres Strait Islander Nations.
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