Per year (38 h/wk)
$62,959
FY 2024-25 · Australian resident
$40 per hour after tax in FY 2024-25
$40/hour at a 38-hour working week in the FY 2024-25 financial year gave $62,959 per year take-home, an effective tax rate of 20.3%.
Per month
$5,247
Per week
$1,211
Hourly (after tax)
$31.86
What was different in FY 2024-25
- Revised Stage 3 tax cuts: 19% bracket dropped to 16%.
- 32.5% and 37% consolidated into a single 30% bracket to $135k.
- Super Guarantee rate rose to 11.5%.
38 vs 40 hours per week
| Scenario | Annual gross | Total tax | Take-home | Effective |
|---|---|---|---|---|
| 38 h/week × 52 weeks | $79,040 | $16,081 | $62,959 | 20.3% |
| 40 h/week × 52 weeks | $83,200 | $17,412 | $65,788 | 20.9% |
$40/hour across financial years
At 38 h/week × 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 | $16,656 | $62,384 |
| FY 2021-22 | $16,236 | $62,804 |
| FY 2022-23 | $17,736 | $61,304 |
| FY 2023-24 | $17,736 | $61,304 |
| FY 2024-25 (this page) | $16,081 | $62,959 |
| FY 2025-26 | $16,081 | $62,959 |
| FY 2026-27 | $15,813 | $63,227 |
Also see the FY 2024-25 calculator, or the current-year $40/hour page.
Closest annual salary
$40/hour at 38 h/week annualises to $79,040, roughly a $80,000 annual salary.
See the $80,000 salary page for FY 2024-25 →Frequently asked questions
What was $40 per hour annually in FY 2024-25?
$40 per hour annualises to $79,040 at 38 hours per week, or $83,200 at 40 hours per week, across 52 weeks. The same gross regardless of financial year.
What was $40 per hour after tax in FY 2024-25?
A $40 hourly rate in FY 2024-25 left about $62,959 per year take-home at 38 h/week, or $65,788 at 40 h/week — for an Australian resident with private hospital cover.
How much tax did $40/hour earners pay in FY 2024-25?
On a $40 hourly rate at 38 h/week, total tax for FY 2024-25 was about $16,081 ($14,500 income tax plus $1,581 Medicare levy).
What Super Guarantee rate applied to $40/hour in FY 2024-25?
The Super Guarantee rate in FY 2024-25 was 11.5%. An employer paid $9,090 in SG contributions per year on a $40/hour full-time (38 h/week) rate that financial year.
How does $40/hour in FY 2024-25 compare to 2025-26?
A $40/hour rate produced the same take-home in FY 2024-25 as it does in FY2025-26 — approximately $62,959 per year.
Nearby hourly rates (FY 2024-25)
Run a custom calculation for FY 2024-25
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 $40/hour and FY 2024-25.
Open calculator at $40/hour in FY 2024-25