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~$ finance/take-home-pay

Take-home pay 💵

The gap between the salary in the offer letter and the money that hits your account. 2025-26 resident rates: the brackets, the Medicare levy, the low income tax offset, your HELP debt, and where super actually goes.

Saved

Two numbers and two switches. Everything else is worked out from the 2025-26 scales.

Your pay

Student debt

Fine print

This is your annual tax position, not the payslip withholding table — over a full year at a steady salary they land in the same place. Family Medicare thresholds, the private-health surcharge and offsets beyond LITO aren’t modelled; the full list is under “How this works”.

Take-home —/mo —

Take-home

Crunching…

Per week — in your account
Per fortnight — most pay cycles
Per month — what the budget sees
Per year — after tax

Where it goes

The rates that matter

Marginal rate —
Effective rate — of taxable income, all in
Next $10k raise —
Super, after fund tax —

Across the salary range

hover for any salary
Take-home Tax + HELP

How this works

  • 2025-26 resident rates. The stage-3 brackets (16 / 30 / 37 / 45) plus the 2% Medicare levy. Non-residents and working-holiday makers are a different scale entirely.
  • LITO is modelled; other offsets aren’t. The low income tax offset is worth $700 up to $37,500 of taxable income, then tapers to nothing at $66,667. It’s non-refundable and doesn’t offset the Medicare levy. SAPTO and friends aren’t here.
  • The Medicare phase-in uses the singles thresholds. Nil up to $27,222, then 10¢ per dollar until it meets the full 2% — those are the 2024-25 figures, the latest legislated. Family thresholds and the levy reduction aren’t modelled, and neither is the Medicare levy surcharge if you earn over $97k without private hospital cover.
  • HELP uses the 2025-26 marginal system. Nothing below $67,000 of repayment income, then 15% of the slice between $67,000 and $125,000, and 17% of anything above. The repayment stops once the balance is cleared.
  • Repayment income is approximated as taxable income. The real definition adds back reportable super contributions, fringe benefits and investment losses — if you salary sacrifice, your HELP repayment is figured on the bigger number.
  • Years-to-clear is deliberately naive — balance ÷ this year’s repayment. It ignores indexation and pay rises, which pull in opposite directions.
  • Super is shown gross and net. Concessional contributions are taxed 15% inside the fund, so 12% of salary is really 10.2% once it lands. Division 293 (an extra 15% above $250k of income) isn’t modelled here.
  • Deductions reduce tax, not zero-cost. A deductible dollar was still spent — take-home doesn’t hand it back, it just isn’t taxed.
  • Annual position, not withholding. Your employer’s per-payslip withholding tables round differently and settle up at tax time; over a year they converge on this.
  • No bonuses, FBT, salary packaging or ESS — plain salary in, cash out.

General information only — not financial or tax advice, and I’m not an accountant. Scales change every budget; check anything that matters with someone licensed. Your numbers stay in your browser.

Fair warning, before you trust anything above: this was built by one random guy on the internet who likes spreadsheets — not an accountant, not a financial adviser, not a lawyer. It almost certainly contains bugs, simplifications, and rules that have quietly gone out of date. You probably shouldn’t use it for anything that matters.

Nothing on this page is financial, tax or legal advice, or a recommendation to do anything. The numbers are provided as-is with no warranty of any kind, and I accept no liability for any loss that comes from relying on them. Before making a real decision, check the figures against the ATO’s published rates and talk to someone actually licensed to advise you. If you use these numbers anyway, you do so entirely at your own risk.