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Australian Income Tax on UK Age Pension

Income Tax on a UK Age Pension received in Australia

When you retire in Australia, and also receive a UK pension, this pension will be included in your taxable income, and taxed at normal rates, based on the tax band… Read the rest

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Australian Income Tax Rates 2018-2019

Income Tax in Australia 2018 – 2019

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2018 – 2019

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

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Australian Tax on Overseas Purchases

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest

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Income Tax Rates for Foreign Residents in Australia

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest

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Income Tax Rates 2016-2017

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

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Medicare Levy Threshold 2015-16

No Medicare Levy if Income under $21,335 for the 2015-16 tax year

Medicare levy reduction for low-income earners Your Medicare levy is reduced if your taxable income is below a certain threshold and, in some cases, you may not have… Read the rest

No Medicare Levy if Income under $21,335 for the 2015-16 tax year

Medicare levy reduction for low-income earners Your Medicare levy is reduced if your taxable income is below a certain threshold and, in some cases, you may not have… Read the rest

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Tax on Foreign Income When Migrating to Australia

ATO Tax on Foreign Income When Migrating to Australia

The Australian Tax Office [ATO] has a 183 day rule: This is a statutory test to see if you are actually present in Australia for more than half the income year,… Read the rest

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UK Tax Office to get Automatic Shared data from Australia

Australia will soon be automatically sharing Financial Data with UK

Automatic information-sharing between banks across the world means HM Revenue & Customs will soon be able to catch evaders almost anywhere. More than 90 jurisdictions (INCLUDING AUSTRALIA) will begin to… Read the rest

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Tax when Retiring in Australia

When a Brit retires in Australia, as a resident, and has a UK pension, either State or Private, this will be taxed in Australia. (The same as any other income). To ensure that this income is NOT taxed in BOTH… Read the rest

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Income Tax Rates 2015-2016

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

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Medicare Levy rate to rise to 2%

Changes to the Medicare Levy in the Australian Budget 2013-14 The Government will increase the Medicare levy by half a percentage point from 1.5 to 2 per cent from 1 July 2014 to provide strong and stable funding for DisabilityCare… Read the rest

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Medical Tax Offset

Medical Tax Offset The Net Medical Expense Tax Offset (NMETO) is to be phased out, and only the taxpayers who claim the offset for the 2012-2013 income year will be eligible to claim in future years. By 2019 this will… Read the rest

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Income Tax Rates 2014-2015

Income Tax in Australia

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This is 9.65%. At… Read the rest

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Historic Australian Tax Rates

Historic Income Tax rates in Australia

Tax Rates for the year 2014/2015

Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $80,000 $3,572 plus 32.5c for each $1… Read the rest

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Medicare Levy and Surcharge

Medicare Levy in Australia

Medicare Levy

A Medicare Levy, currently at 2.0% of income, is charged to Individuals. (From 1 July 2014 the Medicare levy rose from 1.5% to 2.0%) In a similar way to the UK “National Insurance Contributions”,… Read the rest

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Superannuation and Retirement in Australia

Superannuation and Retirement in Australia A good website to view is www.seniors.gov.au where I found this quote: There is no statutory retirement age in Australia. www.britzinoz.com/compulsory-superannuation-scheme-in-australia In prior years, very few Australians over 50 waited until qualifying for the Age… Read the rest

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Education Tax Refund

The Education Tax Refund (ETR) is available for families who are able to claim Family Tax Benefit part A, or a few other benefits, enabling them to claim part of the education related costs of their children. The basic rule… Read the rest

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