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Technical update: Budget 2025, Tax rates, AWOTE and more (Dolphin v5)
Release date 16 April 2025
Overview
The Technical database hass ben updated to reflect changes from the 2025/26 Budget and also some general annual indexation of various thresholds.
Reduction of lowest marginal tax rate
The 2025 Budget modified the first tax rate from 16% to 15% in 2026/27 and 15% to 14% in 2027/28. This has now been updated in Pathfinder.
Technical > Series > AWOTE
The historical 2023/24 value for AWOTE has been updated to 4.606.AWOTE
Medicare levy income thresholds
The following Medicare Levy income thresholds have been updated for 2025:
2024 | 2025 (NEW) | |
|---|---|---|
Individual income threshold $ | 26,000 | 27,222 |
Individual income threshold $ (if eligible for senior Australian offset) | 41,089 | 43,020 |
Family income threshold $ | 43,846 | 45,907 |
Family income threshold $ (if eligible for senior Australian offset) | 57,198 | 59,886 |
Family phase-in limit $ (if eligible for senior Australian offset) | 71,497 | 74,858 |
Phase-in limit increase by $/dependent | 5,034 | 5,270 |
Income threshold increase by $/dependent | 4,027 | 4,216 |
Family income threshold $ (if eligible for senior Australian offset) | 57,198 | 59,886 |
Super contribution changes
2024/25 | 2025/26 (NEW) | |
|---|---|---|
Lower threshold (Maximum co-contribtion) for Super co-contribution | $45,400 | $47,488 |
Maximum super guarantee contribution base (per quarter) for Super guarantee | $65,070 | $62,500 NOTE: The Maximum super contributions base for 2025/26 is $62,500 whereas for 2024/25 it is $65,070 (ie. it has been reduced rather than indexed). The reason is that the super guarantee increases to 12% next year while the Concessional cap for 25/26 is $30,000. So 62500 x 4 x 0.12 = 30,000. The base has to be reduced to accommodate this. |
Notes for existing users - Refresh your results!
For consistency, if you are in the middle of working on a case, refresh your results by clicking the Start solve button for scenarios with existing results created on or before the release date of 16 April 2024. If you are unsure when your results were created, see How to check when your results were created. Note that some numbers in your results may change when these new assumptions are applied.