BENDZULLA ACTUARIAL PTY LTD
CONSULTING ACTUARIES
GPO BOX 1181, HOBART, TASMANIA 7001. LEVEL 3, 33 SALAMANCA PLACE, HOBART, 7000
TELEPHONE 1800 203 123 FACSIMILE 1800 103 123
ABN 13 009 492 219
Return to Legal page.CONSULTING ACTUARIES
GPO BOX 1181, HOBART, TASMANIA 7001. LEVEL 3, 33 SALAMANCA PLACE, HOBART, 7000
TELEPHONE 1800 203 123 FACSIMILE 1800 103 123
ABN 13 009 492 219
ORDINARY INCOME TAX RATES
| Personal Income Tax Rates | |||
| 2006/2007 | 2007/2008 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $6,000 | 0 | $0 - $6,000 | 0 |
| $6,001 - $25,000 | 15 | $6,001 - $30,000 | 15 |
| $25,001 - $75,000 | 30 | $30,001 - $75,000 | 30 |
| $75,001 - $150,000 | 40 | $75,001 - $150,000 | 40 |
| $150,001 and up | 45 | $150,001 and up | 45 |
* Rates shown do not include Medicare levy.
HISTORICAL INCOME TAX RATES
| Personal Income Tax Rates | |||
| 2004/2005 | 2005/2006 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $6,000 | 0 | $0 - $6,000 | 0 |
| $6,001 - $21,600 | 17 | $6,001 - $21,600 | 15 |
| $21,601 - $58,000 | 30 | $21,601 - $63,000 | 30 |
| $58,001 - $70,000 | 42 | $63,001 - $95,000 | 42 |
| $70,001 and up | 47 | $95,001 and up | 47 |
| Personal Income Tax Rates | |||
| 2002/2003 | 2003/2004 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $6,000 | 0 | $0 - $6,000 | 0 |
| $6,001 - $20,000 | 17 | $6,001 - $21,800 | 17 |
| $20,001 - $50,000 | 30 | $21,601 - $52,000 | 30 |
| $50,001 - $60,000 | 42 | $52,001 - $62,500 | 42 |
| $60,001 and up | 47 | $62,501 and up | 47 |
| Personal Income Tax Rates | |||
| 2001/2002 | 2000/2001 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $6,000 | 0 | $0 - $5,400 | 0 |
| $6,001 - $20,000 | 17 | $5,401 - $20,700 | 20 |
| $20,001 - $50,000 | 30 | $20,701 - $38,000 | 34 |
| $50,001 - $60,000 | 42 | $38,001 - $50,000 | 43 |
| $60,001 and up | 47 | $50,001 and up | 47 |
| 1999/2000 | 1998/1999 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,400 | 0 | $0 - $5,400 | 0 |
| $5,401 - $20,700 | 20 | $5,401 - $20,700 | 20 |
| $20,701 - $38,000 | 34 | $20,701 - $38,000 | 34 |
| $38,001 - $50,000 | 43 | $38,001 - $50,000 | 43 |
| $50,001 and up | 47 | $50,001 and up | 47 |
| 1997/1998 | 1996/1997 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,400 | 0 | $0 - $5,400 | 0 |
| $5,401 - $20,700 | 20 | $5,401 - $20,700 | 20 |
| $20,701 - $38,000 | 34 | $20,701 - $38,000 | 34 |
| $38,001 - $50,000 | 43 | $38,001 - $50,000 | 43 |
| $50,001 and up | 47 | $50,001 and up | 47 |
| 1995/1996 | 1994/1995 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,400 | 0 | $0 - $5,400 | 0 |
| $5,401 - $20,700 | 20 | $5,401 - $20,700 | 20 |
| $20,701 - $38,000 | 34 | $20,701 - $38,000 | 34 |
| $38,001 - $50,000 | 43 | $38,001 - $50,000 | 43 |
| $50,001 and up | 47 | $50,001 and up | 47 |
| 1993/1994 | 1992/1993 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,400 | 0 | $0 - $5,400 | 0 |
| $5,401 - $20,700 | 20 | $5,401 - $20,700 | 17 |
| $20,701 - $36,000 | 35.5 | $20,701 - $36,000 | 38 |
| $36,001 - $38,000 | 38.5 | $36,001 - $50,000 | 46 |
| $38,001 - $50,000 | 44.125 | $50,001 and up | 47 |
| $50,001 and up | 47 | ||
| 1991/1992 | 1990/1991 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,400 | 0 | $0 - $5,250 | 0 |
| $5,400 - $20,700 | 20 | $5,251 - $17,649 | 20.5 |
| $20,701 - $36,000 | 38 | $17,650 - $20,599 | 24.5 |
| $36,001 - $50,000 | 46 | $20,600 - $20,699 | 29.5 |
| $50,001 and up | 47 | $20,700 - $34,999 | 38.5 |
| $35,000 - $35,999 | 42.5 | ||
| $36,000 - $49,999 | 46.5 | ||
| $50,000 and up | 47 | ||
| 1989/1990 | 1988/1989 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,099 | 0 | $0 - $5,099 | 0 |
| $5,100 - $17,649 | 21 | $5,100 - $12,600 | 24 |
| $17,650 - $20,599 | 29 | $12,601 - $19,500 | 29 |
| $20,600 - $34,999 | 39 | $19,501 - $35,000 | 40 |
| $35,000 - $49,999 | 47 | $35,001 and up | 49 |
| $50,000 and up | 48 | ||
| 1987/1988 | 1986/1987 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $5,099 | 0 | $0 - $4,889 | 0 |
| $5,100 - $12,599 | 24 | $4,890 - $12,499 | 24.42 |
| $12,600 - $19,499 | 29 | $12,500 - $12,599 | 26.50 |
| $19,500 - $34,999 | 40 | $12,600 - $19,499 | 29.42 |
| $35,000 and up | 49 | $19,500 - $27,999 | 44.25 |
| $28,000 - $34,999 | 46.83 | ||
| $35,000 and up | 57.08 | ||
| 1985/1986 | 1984/1985 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $4,595 | 0 | $0 - $4,595 | 0 |
| $4,596 - $12,500 | 25 | $4,596 - $12,500 | 26.67 |
| $12,501 - $19,500 | 30 | $12,501 - $19,500 | 30 |
| $19,501 - $28,000 | 46 | $19,501 - $28,000 | 46 |
| $28,001 - $35,000 | 48 | $28,001 - $35,000 | 47.33 |
| $35,001 and up | 60 | $35,001 - $35,788 | 55.33 |
| $35,789 and up | 60 | ||
| 1983/1984 | 1982/1983 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $4,595 | 0 | $0 - $4,462 | 0 |
| $4,596 - $19,500 | 30 | $4,463 - $17,894 | 30.67 |
| $19,501 - $35,788 | 46 | $17,895 - $19,500 | 35.33 |
| $35,789 and up | 60 | $19,501 - $35,788 | 46 |
| $35,789 and up | 60 | ||
| 1981/1982 | 1980/1981 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $4,195 | 0 | $0 - $4,041 | 0 |
| $4,196 - $17,894 | 32 | $4,041 - $17,239 | 32 |
| $17,895 - $35,788 | 46 | $17,240 - $34,478 | 46 |
| $35,789 and up | 60 | $34,479 and up | 60 |
| 1979/1980 | 1978/1979 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $3,893 | 0 | $0 - $3,893 | 0 |
| $3,894 - $16,608 | 33.07 | $3,894 - $16,608 | 33.5 |
| $16,609 - $33,215 | 47.07 | $16,609 - $33,215 | 47.5 |
| $33,216 and up | 61.07 | $33,216 and up | 61.07 |
| 1977/1978 | 1976/1977 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $3,402 | 0 | $0 - $2,260 | 20 |
| $3,403 - $3,750 | 27.000 | $2,261 - $5,650 | 27 |
| $3,751 - $6,266 | 29.085 | $5,651 - $11,300 | 35 |
| $6,267 - $12,532 | 33.749 | $11,301 - $16,950 | 45 |
| $12,533 - $16,000 | 39.579 | $16,951 - $22,600 | 55 |
| $16,001 - $18,798 | 45.417 | $22,601 - $28,250 | 60 |
| $18,799 - $25,063 | 51.247 | $28,251 and up | 65 |
| $$25,064 - $31,329 | 54.162 | ||
| $31,330 - $32,000 | 57.077 | ||
| $32,001 and up | 62.915 | ||
| 1975/1976 | 1974/1975 | ||
| Taxable Income | Tax Rate % * |
Taxable Income | Tax Rate % * |
| $0 - $2,000 | 20 | $0 - $1,000 | 1 |
| $2,001 - $5,000 | 27 | $1,001 - $2,000 | 7 |
| $5,001 - $10,000 | 35 | $2,001 - $3,000 | 14 |
| $10,001 - $15,000 | 45 | $3,001 - $4,000 | 20 |
| $15,001 - $20,000 | 55 | $4,001 - $5,000 | 26 |
| $20,001 - $25,000 | 60 | $5,001 - $6,000 | 32 |
| $25,001 and up | 65 | $6,001 - $7,000 | 38 |
| $7,001 - $8,000 | 44 | ||
| $8,001 - $10,000 | 48 | ||
| $10,001 - $12,000 | 52 | ||
| $12,001 - $16,000 | 55 | ||
| $16,001 - $20,000 | 60 | ||
| $20,001 - $40,000 | 64 | ||
| $40,001 and up | 67 | ||
| 1973/1974 | |||
| Taxable Income | Tax Rate | ||
| $0 - $200 | Nil + 0.2 ¢ for each $1 | ||
| $201 - $300 | $0.40 + 0.8 ¢ for each $1 in excess of $200 | ||
| $301 - $400 | $1.20 + 2.4 ¢ for each $1 in excess of $300 | ||
| $401 - $500 | $3.60 + 3.8 ¢ for each $1 in excess of $400 | ||
| $501 - $600 | $7.40 + 4.9 ¢ for each $1 in excess of $500 | ||
| $601 - $800 | $12.30 + 6.5 ¢ for each $1 in excess of $600 | ||
| $801 - $1,000 | $25.30 + 8.2 ¢ for each $1 in excess of $800 | ||
| $1,001 - $1,200 | $41.70 + 9.8 ¢ for each $1 in excess of $1,000 | ||
| $1,201 - $1,400 | $61.30 + 11.3 ¢ for each $1 in excess of $1,200 | ||
| $1,401 - $1,600 | $83.90 + 12.7 ¢ for each $1 in excess of $1,400 | ||
| $1,601 - $1,800 | $109.30 + 14.1 ¢ for each $1 in excess of $1,600 | ||
| $1,801 - $2,000 | $137.50 + 15.4 ¢ for each $1 in excess of $1,800 | ||
| $2,001 - $2,400 | $168.30 + 17.2 ¢ for each $1 in excess of $2,000 | ||
| $2,401 - $2,800 | $237.10 + 19.6 ¢ for each $1 in excess of $2,400 | ||
| $2,801 - $3,200 | $315.50 + 22.0 ¢ for each $1 in excess of $2,800 | ||
| $3,201 - $3,600 | $403.50 + 24.4 ¢ for each $1 in excess of $3,200 | ||
| $3,601 - $4,000 | $501.10 + 26.8 ¢ for each $1 in excess of $3,600 | ||
| $4,001 - $4,800 | $608.30 + 30.3 ¢ for each $1 in excess of $4,000 | ||
| $4,801 - $5,600 | $850.70 + 33.3 ¢ for each $1 in excess of $4,800 | ||
| $5,601 - $6,400 | $1,117.10 + 35.7 ¢ for each $1 in excess of $5,600 | ||
| $6,401 - $7,200 | $1,402.70 + 37.9 ¢ for each $1 in excess of $6,400 | ||
| $7,201 - $8,000 | $1,705.90 + 39.9 ¢ for each $1 in excess of $7,200 | ||
| $8,001 - $8,800 | $2,025.10 + 41.8 ¢ for each $1 in excess of $8,000 | ||
| $8,801 - $10,000 | $2,359.50 + 44.1 ¢ for each $1 in excess of $8,800 | ||
| $10,001 - $12,000 | $2,888.70 + 48.2 ¢ for each $1 in excess of $10,000 | ||
| $12,001 - $16,000 | $3,852.70 + 54.6 ¢ for each $1 in excess of $12,000 | ||
| $16,001 - $20,000 | $6,036.70 + 60.3 ¢ for each $1 in excess of $16,000 | ||
| $20,001 - $40,000 | $8,448.70 + 64.0 ¢ for each $1 in excess of $20,000 | ||
| $40,000 and up | $21,248.70 + 66.7 ¢ for each $1 in excess of $40,000 | ||
Return to Legal page.