Yes. The calculator uses the FY 2026-27 ATO tax brackets. These build on the Stage 3 cuts, with the second marginal rate falling from 16% to 15% on 1 July 2026. The first marginal rate is 15% (from $18,201), and the second is 30% (from $45,001 up to $135,000).

Most Australian employment contracts pay your salary plus superannuation on top. Some package roles quote a total figure that includes super. Choose the option that matches your contract so your take-home pay is calculated correctly.

The Superannuation Guarantee (SG) rate is 12.0% for FY 2026-27. This is the minimum compulsory employer contribution. You can adjust the rate if your employer pays a higher amount.

HECS-HELP is repaid through the tax system once your repayment income exceeds the threshold ($69,528 for FY 2026-27). Since FY 2025-26 the repayment is calculated on a marginal basis — 15c for each $1 above the threshold, rather than a flat percentage of your whole income. Repayments are calculated as a percentage of your total income, ranging from 1.0% to 10.0% depending on income level.

LITO reduces tax payable for individuals on lower incomes. The maximum offset is $700 for incomes up to $37,500, phasing down to zero at $66,667. This calculator applies LITO automatically for resident taxpayers.

Lenders assess your loan repayment capacity based on income remaining after tax, Medicare, HECS-HELP and living expenses. Knowing your true take-home pay is the first step in understanding what you can afford. Try our Borrowing Power Calculator next, or get in touch with David for a tailored assessment.