Australian Income Tax Rates 2014 Calculator

Calculate your 2014 Australian income tax liability with our accurate and up-to-date tax calculator. Includes Medicare levy and tax offsets.

Comprehensive Guide to Australian Income Tax Rates 2014

The 2014 Australian financial year (1 July 2013 – 30 June 2014) introduced several important changes to the income tax system. This comprehensive guide explains everything you need to know about calculating your 2014 tax liability, including tax rates, offsets, and the Medicare levy.

2014 Australian Tax Rates for Residents

The 2014 tax rates for Australian residents were structured progressively, meaning higher income earners paid higher rates on portions of their income. Here’s the complete breakdown:

Taxable Income	Tax on this Income	Effective Tax Rate
$0 – $18,200	Nil	0%
$18,201 – $37,000	19c for each $1 over $18,200	19%
$37,001 – $80,000	$3,572 plus 32.5c for each $1 over $37,000	24.5% – 32.5%
$80,001 – $180,000	$17,547 plus 37c for each $1 over $80,000	30.5% – 37%
$180,001 and over	$54,547 plus 45c for each $1 over $180,000	45%

Tax Rates for Non-Residents (2014)

Non-residents were subject to different tax rates in 2014, with no tax-free threshold:

Taxable Income	Tax on this Income
$0 – $80,000	32.5c for each $1
$80,001 – $180,000	$26,000 plus 37c for each $1 over $80,000
$180,001 and over	$63,000 plus 45c for each $1 over $180,000

The Medicare Levy in 2014

The Medicare levy was set at 2% of taxable income for most taxpayers in 2014, though reductions and exemptions were available:

• Standard rate: 2% of taxable income
• Reduced rate: 1% for individuals and families with income below certain thresholds
• Exemption: Available for low-income earners, blind pensioners, and those entitled to full free medical treatment under Defence Force or Veterans’ Affairs arrangements

The Medicare levy surcharge (an additional 1-1.5%) applied to high-income earners without adequate private hospital cover.

Tax Offsets Available in 2014

Several tax offsets were available to reduce tax payable in 2014:

1. Low Income Tax Offset (LITO): Up to $445 for individuals with taxable income up to $37,000, phasing out to $66,667
2. Senior Australians and Pensioners Tax Offset (SAPTO): Available to seniors and pensioners with income below certain thresholds
3. Private Health Insurance Rebate: A rebate on private health insurance premiums, income-tested
4. Dependent Spouse Tax Offset: For taxpayers maintaining a dependent spouse (phasing out)

Superannuation Contributions in 2014

In 2014, the superannuation guarantee rate was 9.25%. The concessional contributions cap was $25,000 for most individuals, with a higher cap of $35,000 for those aged 59 or over on 30 June 2013.

Key points about superannuation in 2014:

• Concessional contributions (before-tax) were taxed at 15% when received by the fund
• Non-concessional contributions (after-tax) had a cap of $150,000 per year
• The government co-contribution matched personal after-tax contributions up to $500 for eligible low-income earners

HELP/HECS Repayments in 2014

The Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) required compulsory repayments when income exceeded certain thresholds in 2014:

Repayment Income (2014-15)	Repayment Rate
Below $51,309	0%
$51,310 – $56,935	4%
$56,936 – $62,561	4.5%
$62,562 – $68,818	5%
$68,819 – $75,074	5.5%
$75,075 – $81,961	6%
$81,962 – $88,848	6.5%
$88,849 – $96,365	7%
$96,366 and above	8%

Comparison: 2014 vs 2013 Tax Rates

The 2014 tax rates remained largely similar to 2013, with only minor adjustments to thresholds. Here’s a comparison of key rates:

Income Range	2013 Tax Rate	2014 Tax Rate	Change
$0 – $18,200	0%	0%	No change
$18,201 – $37,000	19%	19%	No change
$37,001 – $80,000	32.5%	32.5%	No change
$80,001 – $180,000	37%	37%	No change
$180,001+	45%	45%	No change
Medicare Levy	1.5%	2%	+0.5%

Tax Planning Strategies for 2014

Several legitimate strategies could help reduce tax liability in 2014:

1. Salary sacrificing: Directing pre-tax income to superannuation to reduce taxable income
2. Negative gearing: Using investment property losses to offset other income
3. Franking credits: Taking advantage of imputation credits from Australian shares
4. Work-related deductions: Claiming legitimate work expenses like uniforms, tools, and self-education
5. Pre-paying expenses: Bringing forward deductible expenses to the current financial year
6. Charitable donations: Claiming deductions for gifts to registered charities

Official Government Resources

For the most accurate and up-to-date information about 2014 Australian tax rates, consult these official sources:

Australian Taxation Office – Individual income tax rates Australian Taxation Office – Medicare levy Australian Treasury – 2014-15 Budget Tax Measures

Important Disclaimer: This calculator and guide provide general information only and do not constitute financial advice. Tax laws are complex and subject to change. For specific advice regarding your personal situation, please consult a qualified tax professional or the Australian Taxation Office. The information provided is based on our interpretation of the law as it applied in the 2014 financial year and may not reflect subsequent amendments or individual circumstances.