FY 2023-24 Β· Australian resident
$25 per hour after tax in FY 2023-24
$25/hour at a 38-hour working week in the FY 2023-24 financial year gave $42,149 per year take-home, an effective tax rate of 14.7%.
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 | $49,400 | $7,251 | $42,149 | 14.7% |
| 40 h/week Γ 52 weeks | $52,000 | $8,187 | $43,813 | 15.7% |
$25/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 | $6,171 | $43,229 |
| FY 2021-22 | $5,751 | $43,649 |
| FY 2022-23 | $7,251 | $42,149 |
| FY 2023-24 (this page) | $7,251 | $42,149 |
| FY 2024-25 | $6,337 | $43,063 |
| FY 2025-26 | $6,337 | $43,063 |
| FY 2026-27 | $6,069 | $43,331 |
Also see the FY 2023-24 calculator, or the current-year $25/hour page.
Closest annual salary
$25/hour at 38 h/week annualises to $49,400, roughly a $50,000 annual salary.
See the $50,000 salary page for FY 2023-24 βFrequently asked questions
What was $25 per hour annually in FY 2023-24?
$25 per hour annualises to $49,400 at 38 hours per week, or $52,000 at 40 hours per week, across 52 weeks. The same gross regardless of financial year.
What was $25 per hour after tax in FY 2023-24?
A $25 hourly rate in FY 2023-24 left about $42,149 per year take-home at 38 h/week, or $43,813 at 40 h/week β for an Australian resident with private hospital cover.
How much tax did $25/hour earners pay in FY 2023-24?
On a $25 hourly rate at 38 h/week, total tax for FY 2023-24 was about $7,251 ($6,263 income tax plus $988 Medicare levy).
What Super Guarantee rate applied to $25/hour in FY 2023-24?
The Super Guarantee rate in FY 2023-24 was 11%. An employer paid $5,434 in SG contributions per year on a $25/hour full-time (38 h/week) rate that financial year.
How does $25/hour in FY 2023-24 compare to 2025-26?
A $25/hour rate gives about $914 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 $25/hour and FY 2023-24.
Open calculator at $25/hour in FY 2023-24