Question 1

How is my income tax calculated?

Accepted Answer

In Australia, income tax is progressive, meaning the more you earn, the higher the rate of tax you pay on the portion of income in that bracket. Your 'taxable income' (gross income minus deductions) is applied to these brackets to determine your total tax. For a detailed breakdown, use our Salary & Tax Calculator or read our Guide to Income Tax.

Question 2

When do I have to repay my HELP/HECS student debt?

Accepted Answer

You must start making compulsory repayments on your HELP/HECS debt once your 'repayment income' is above the minimum threshold for the financial year. This income is a broad measure that includes your salary, investment losses, and other factors. Repayments are calculated as a percentage of your income. Project your repayment timeline with our Student Loan Calculator.

Question 3

What is an Award and how do I find mine?

Accepted Answer

An Award is a legal document setting minimum pay and conditions for a specific industry. If you're not covered by an Enterprise Agreement, an Award likely applies to you. This calculator helps check your pay against some common awards. For official help finding your specific award, use the Fair Work Ombudsman's 'Find my award' tool on their website.

Question 4

What is the National Minimum Wage?

Accepted Answer

The National Minimum Wage is the minimum hourly pay rate for employees not covered by an award or agreement. As of 1 July 2024, this is $24.10 per hour. The Fair Work Commission reviews this rate annually.

Question 5

How does the Child Care Subsidy (CCS) work?

Accepted Answer

The CCS helps with the cost of approved childcare. The amount you receive depends on your family's income, the type of care, your child's age, and the hours you and your partner work or study. Families with more than one child aged 5 or under may receive a higher rate for their younger children. You can estimate your entitlement using our Child Care Subsidy Calculator.

Question 6

What is salary sacrificing to super?

Accepted Answer

Salary sacrificing allows you to contribute a portion of your pre-tax income directly to your superannuation fund. This reduces your taxable income, potentially lowering your tax bill, while also boosting your retirement savings. These contributions are taxed at a lower rate of 15% inside the super fund. Explore the benefits in our Salary Sacrifice Guide.

Question 7

What's the difference between casual and part-time/full-time pay?

Accepted Answer

Casual employees receive a higher hourly rate ('casual loading', usually 25%) to compensate for not receiving entitlements like paid annual leave or sick leave. Full-time and part-time employees have these entitlements included in their employment conditions. This calculator is designed for part-time and full-time employees.

Question 8

What should I do if I think I’m being underpaid?

Accepted Answer

First, use this tool to get an estimate. Double-check your award and classification on the Fair Work Ombudsman's website. If you still believe you are being underpaid, speak with your employer and show them your findings. It may be an honest mistake that can be easily corrected. If the issue isn't resolved, you can seek free advice and assistance from the Fair Work Ombudsman.

Fair Work Pay Rate Calculator

Step 1: Your Employment Details

What are Fair Work Pay Rates Rights?

What is an Award?

What If I'm Underpaid?

Frequently Asked Questions