Take-home pay
How much is take-home pay on $60k, $80k, $100k & $120k? Australia 2026-27
Take-home pay for $60,000, $80,000, $100,000 and $120,000 salaries in Australia for FY2026-27 — net pay, income tax, Medicare and the new 15% bracket, worked line by line.
If you've just been offered a salary — or you're weighing up a pay rise — the number that actually matters is what lands in your account. This guide walks four common Australian salaries through the legislated FY2026-27 tax rates, so you can see exactly where each dollar goes.
The headline change this year: from 1 July 2026 the second tax bracket drops from 16% to 15%, which lowers tax for almost every worker. We use that rate, the $18,200 tax-free threshold, the 2% Medicare levy, the Low Income Tax Offset (LITO) and the 12% Super Guarantee — the same figures wired into the PayClock calculator.
The FY2026-27 resident tax brackets
| Taxable income | Tax on this band |
|---|---|
| $0 – $18,200 | Nil (tax-free) |
| $18,201 – $45,000 | 15% |
| $45,001 – $135,000 | 30% |
| $135,001 – $190,000 | 37% |
| $190,001 + | 45% |
A 2% Medicare levy applies on top for most residents, and LITO (up to $700) reduces tax for incomes up to $66,667. These figures come straight from the ATO's individual income tax rates.
Take-home pay at four salaries
All figures below are for a tax resident with no HELP/HECS debt, with super paid on top of the salary.
| Salary | Income tax | Medicare (2%) | LITO | Net take-home | Per fortnight | Super (12%, on top) |
|---|---|---|---|---|---|---|
| $60,000 | $8,520 | $1,200 | +$100 | $50,380 | $1,938 | $7,200 |
| $80,000 | $14,520 | $1,600 | — | $63,880 | $2,457 | $9,600 |
| $100,000 | $20,520 | $2,000 | — | $77,480 | $2,980 | $12,000 |
| $120,000 | $26,520 | $2,400 | — | $91,080 | $3,503 | $14,400 |
A few things worth noticing:
- $60,000 still receives a small $100 LITO, nudging the net up slightly. LITO cuts out entirely by $66,667.
- $80,000 has an effective tax rate of about 20.2% once income tax and Medicare are combined — not the 30% marginal rate, because the first $45,000 is taxed far more lightly.
- Each $20,000 step up adds roughly $6,600 of net pay in this range, because the extra income sits in the 30% bracket plus 2% Medicare.
Worked example: the $80,000 salary
Here's the full path for an $80,000 resident salary, step by step:
- Tax-free: the first $18,200 is taxed at nil.
- 15% band: $18,201–$45,000 = $26,800 taxed at 15% = $4,020.
- 30% band: $45,001–$80,000 = $35,000 taxed at 30% = $10,500.
- Income tax total: $4,020 + $10,500 = $14,520.
- Medicare levy: 2% of $80,000 = $1,600.
- LITO: $0 (income is above the $66,667 cut-out).
- Net take-home: $80,000 − $14,520 − $1,600 = $63,880 a year, about $2,457 a fortnight.
Your employer separately pays $9,600 in super (12%) into your fund — that's not deducted from your take-home; it's an additional cost the employer carries.
What this guide does not include
To keep the comparison clean, the figures above leave out a few things that may apply to you:
- HELP/HECS debt — repaid through a separate marginal system. See HELP/HECS repayments 2026-27: the new marginal system.
- Salary sacrifice into super or a novated lease, which lowers taxable income.
- The Medicare Levy Surcharge if you earn above the threshold without private hospital cover.
- Penalty rates and casual loading, which change the picture for shift workers — see Casual vs permanent: the real take-home difference.
Estimate only — not financial or tax advice. These numbers use legislated FY2026-27 rates and offsets and are general in nature. Some 2026-27 thresholds had not been finalised by the ATO at the time of writing and use the latest indexed values. Always confirm your pay with the ATO and the Fair Work Ombudsman.
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