Dominic Thompson 2 Posted October 31 Hi there, My daughter is due to start Uni at UQ next year, just wondering if anyone knows the income tax rate she would pay on any part-time earnings or if there is a tax free threshold ? She will be hoping to get a part time job while studying. Many thanks Share this post Link to post Share on other sites
Skani 5,409 Posted November 1 The tax rates for 2023/24 are here: Tax rates – Australian resident | Australian Taxation Office (ato.gov.au) There is an annual tax free threshold of $18,000 but the tax rates above do not include the Medicare levy of 2%. Employers generally withhold an amount from pay-as-you-go wages which includes the Medicare levy and an adjustment - refund or extra payment - will be made once her tax return has been assessed by the Australian Tax Office at the end of the financial year. Share this post Link to post Share on other sites
Dominic Thompson 2 Posted November 3 Thanks for the info Share this post Link to post Share on other sites
Ken 1,744 Posted December 4 There is no "Student visa tax rate". The only visa with a separate tax rate is the Working Holiday Visa, students pay the same tax rates and get the same allowances as everyone else. The annual tax-free threshold is $18,200 ($350 per week), but that is reduced if you are not in Australia for the full tax year (but you still get about 60% of it even if you are only in the country for a month). There's also a low-income tax offset which means you don't pay any tax if your income is below $21,884 in a full year (you'll still get tax withheld if you're weekly paid and you earn more than $350 in any week, but you'll get the tax back at the end of the year). Chartered Accountant (England & Wales); Registered Tax Agent & Fellow of The Tax Institute (Australia) www.kbfayers.com Share this post Link to post Share on other sites
Dominic Thompson 2 Posted December 4 Thankyou for the information, much appreciated Share this post Link to post Share on other sites