FY 2023-24 Β· Australian resident
$26 per hour after tax in FY 2023-24
$26/hour at a 38-hour working week in the FY 2023-24 financial year gave $43,414 per year take-home, an effective tax rate of 15.5%.
What was different in FY 2023-24
- First year without LMITO β effective tax increase for middle earners.
- Super Guarantee rate rose to 11%.
- Last year of the 19% lowest bracket before Stage 3 revision.
38 vs 40 hours per week
| Scenario | Annual gross | Total tax | Take-home | Effective |
|---|---|---|---|---|
| 38 h/week Γ 52 weeks | $51,376 | $7,962 | $43,414 | 15.5% |
| 40 h/week Γ 52 weeks | $54,080 | $8,936 | $45,144 | 16.5% |
$26/hour across financial years
At 38 h/week Γ 52 weeks. Gross is constant; take-home differs due to bracket, LITO, Medicare and super rate changes.
| Financial year | Total tax | Take-home |
|---|---|---|
| FY 2020-21 | $6,882 | $44,494 |
| FY 2021-22 | $6,462 | $44,914 |
| FY 2022-23 | $7,962 | $43,414 |
| FY 2023-24 (this page) | $7,962 | $43,414 |
| FY 2024-25 | $6,999 | $44,377 |
| FY 2025-26 | $6,999 | $44,377 |
| FY 2026-27 | $6,731 | $44,645 |
Also see the FY 2023-24 calculator, or the current-year $26/hour page.
Closest annual salary
$26/hour at 38 h/week annualises to $51,376, roughly a $50,000 annual salary.
See the $50,000 salary page for FY 2023-24 βFrequently asked questions
What was $26 per hour annually in FY 2023-24?
$26 per hour annualises to $51,376 at 38 hours per week, or $54,080 at 40 hours per week, across 52 weeks. The same gross regardless of financial year.
What was $26 per hour after tax in FY 2023-24?
A $26 hourly rate in FY 2023-24 left about $43,414 per year take-home at 38 h/week, or $45,144 at 40 h/week β for an Australian resident with private hospital cover.
How much tax did $26/hour earners pay in FY 2023-24?
On a $26 hourly rate at 38 h/week, total tax for FY 2023-24 was about $7,962 ($6,935 income tax plus $1,028 Medicare levy).
What Super Guarantee rate applied to $26/hour in FY 2023-24?
The Super Guarantee rate in FY 2023-24 was 11%. An employer paid $5,651 in SG contributions per year on a $26/hour full-time (38 h/week) rate that financial year.
How does $26/hour in FY 2023-24 compare to 2025-26?
A $26/hour rate gives about $963 more take-home per year in FY2025-26 than it did in FY 2023-24, thanks to bracket and rate changes.
Nearby hourly rates (FY 2023-24)
Run a custom calculation for FY 2023-24
This page assumes 52 weeks of work per year and no salary sacrifice. To model casual loading, overtime, different weeks-per-year, or HELP repayment, open the full calculator prefilled with $26/hour and FY 2023-24.
Open calculator at $26/hour in FY 2023-24