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In the 2023–24 financial year, a $150,000 salary was $106,433 a year after income tax and the Medicare levy — about $8,869 a month or $2,047 a week for an Australian resident.
In 2026–27, $150,000 takes home about $110,430 a year — $3,997 more than in 2023–24, reflecting the Stage 3 tax cuts and the end of the LMITO.
$150,000 after tax today →How the tax brackets changed by year →
In the 2023–24 financial year, a $150,000 salary left about $106,433 a year after income tax and the Medicare levy (an Australian resident claiming the tax-free threshold) — roughly $8,869 a month, $4,094 a fortnight or $2,047 a week.
On $150,000 in 2023–24 you paid about $40,567 in income tax (after offsets) plus $3,000 Medicare levy — $43,567 in total.
In the current 2026–27 financial year, $150,000 takes home about $110,430 a year. See the current $150,000 after tax page for the live breakdown.
See how take-home pay on $150,000 changed across recent financial years.
ATO rates checked against official sources — verified 3 July 2026
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
Rates and thresholds last updated for the 2026–27 financial year.