Individuals, the October 31st tax return deadline is nearing, so if you haven't already, get in touch with your accountant to ensure you lodge on time.

Have you got a hold on your super? Consolidate your superannuation funds & avoid wasting your hard earned retirement money on unnessary admin fees.

Keep up to date on current tax rates and new ways to minimise your tax each year. Ensure you're making the most of the deductions made available to you.


See the below graphs for current and previous tax rates for the past 3 financial years.
        





Tax rates 2007-08

Taxable income Tax on this income
$0 – $6,000 Nil
$6,001 – $30,000 15c for each $1 over $6,000
$30,001 – $75,000 $3,600 plus 30c for each $1 over $30,000
$75,001 – $150,000 $17,100 plus 40c for each $1 over $75,000
Over $150,000 $47,100 plus 45c for each $1 over $150,000


Tax rates 2006-07

Taxable income Tax on this income
$0 – $6,000 Nil
$6,001 – $25,000 15c for each $1 over $6,000
$25,001 – $75,000 $2,850 plus 30c for each $1 over $25,000
$75,001 – $150,000 $17,850 plus 40c for each $1 over $75,000
Over $150,000 $47,850 plus 45c for each $1 over $150,000


Tax rates 2005-06

Taxable income Tax on this income
$0 – $6,000 Nil
$6,001 – $21,600 15c for each $1 over $6,000
$21,601 – $63,000 $2,340 plus 30c for each $1 over $21,600
$63,001 – $95,000 $14,760 plus 42c for each $1 over $63,000
Over $95,000 $28,200 plus 47c for each $1 over $95,000



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