ATO Tax Tables for 2019

We have uploaded the latest tax information from the ATO for the 2019/20 FY onto your system.

Only Schedule 8 – Statement of formulas for calculating study and training support loans components (NAT 3539) and study and training support loans weekly, fortnightly and monthly tax tables have been updated.

So this will only affect those with STSL (the old HECS) debt as their threshold has been lowered. Everyone else gets to pay the same amount of tax as last year.

The system will start to use the new tax tables from the 1st July automatically.