New tax tables are available

(ATO)

 

We produce a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees. A tax withheld calculator that calculates the correct amount of tax to withhold is also available.

Tax tables with an asterisk (‘*’) have downloadable look-up tables available in portable document format (PDF). To get a copy of the PDF, select the tax table you need and go to the heading ‘Using this table’. The link to the PDF is in the ‘Get it done’ section.

Tax tables for previous years are also available at Tax rates and codes.

On this page:

• Important information – October 2020 updates
• Tax tables updated that apply from 13 October 2020
• Tax tables that continue to apply from 13 October 2020

Important information – October 2020 updates

Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 October 2020.

As the changes to withholding are made part way through the income year, employers and other payers who are unable to immediately implement these changes into their payroll will have until 16 November 2020 to do so.

Employees and other payees will receive their entitlement to the reduced tax payable for the entire 2020–21 income year when they lodge their income tax return.

Changes to age limits for genuine redundancy and early retirement scheme payments

Legislation was passed in October 2019 that extended the concessional tax treatment of genuine redundancy and early retirement scheme payments. This was extended to people who had reached the age-based limit of 65 years but not the age-pension age. The changes apply to payments received by employees who are dismissed or retire on or after 1 July 2019.

This may impact withholding calculations for some employees when using Schedule 7 – Tax table for unused leave payments on termination of employment and Schedule 11 – Tax table for employment termination payments.

Refer to further information before using these schedules: Genuine redundancy and early retirement scheme payments – alignment with the Age Pension age.

Tax tables that were updated and apply from 13 October 2020

The following tax tables were updated and apply from 13 October 2020.

Statement of formulas

*Statement of formulas for calculating amounts to be withheld	NAT 1004
*Statement of formulas for calculating study and training support loans components	NAT 3539
Sample data for Schedule 8 – Statement of formulas for calculating study and training support loans components (XLSX 32KB)This link will download a file	NAT 3539

Regular payments

*Weekly tax table	NAT 1005
*Fortnightly tax table	NAT 1006
*Monthly tax table	NAT 1007
*Tax table for daily and casual workers	NAT 1024

Medicare levy

*Weekly tax table with no and half Medicare levy	NAT 1008
*Fortnightly tax table with no and half Medicare levy	NAT 74228
*Medicare levy adjustment weekly tax table	NAT 1010
*Medicare levy adjustment fortnightly tax table	NAT 1011
*Medicare levy adjustment monthly tax table	NAT 1012

Superannuation payments

Tax table for superannuation lump sums	NAT 70981
Tax table for superannuation income streams	NAT 70982

Payee or industry specific tax tables

Tax table for working holiday makers	NAT 75331
*Tax table for seniors and pensioners	NAT 4466
*Tax table for actors, variety artists and other entertainers	NAT 1023
*Tax table for individuals employed in the horticultural or shearing industry	NAT 1013

Tax table for Joint Petroleum Development Area (NAT 7288)

This schedule no longer applies as a result of the Timor Sea Maritime Boundaries Treaty. This treaty redistributed the taxing rights between Australia and Timor-Leste, where the share of Timor-Leste’s taxing rights increased from 90% to 100% from 30 August 2019.

As the income is entirely foreign sourced income there are no withholding requirements in Australia. An Australian tax resident receiving this income will be entitled to a foreign income tax offset in their Australian tax return.

 Types of payment specific tax tables

Tax table for back payments, commissions, bonuses and similar payments	NAT 3348
Tax table for unused leave payments on termination of employment	NAT 3351
Tax table for employment termination payments	NAT 70980
Tax table for annuities	NAT 3350

Tax tables that continue to apply from 13 October 2020

The following tax tables were not updated but continue to apply from 13 October 2020.

Study and training support loans

*Study and training support loans weekly tax table	NAT 2173
*Study and training support loans fortnightly tax table	NAT 2185
*Study and training support loans monthly tax table	NAT 2186

Other tax tables

Tax table for return to work payments	NAT 3347
*Tax table for payments made under voluntary agreements	NAT 3352
Tax table for additional amounts to withhold as a result of an agreement to increase withholding	NAT 5441

Note: Go to Seasonal Worker Programme and Pacific Labour Scheme for withholding rates for individuals employed under those schemes.

Find out more:

• Key super rates and thresholds for ‘Super’ cap amounts, ‘Employment termination payments’ cap amounts, and ‘Genuine redundancy and early retirement scheme’ payment limits for the 2020–21 income year
• Tax withheld calculators
• Payments with special rules
• PAYG withholding for Community Development Employment Project
• PAYG payment summaries: forms and guidelines
• Single Touch Payroll

Last modified: 13 Oct 2020