As we near the end of the 2026 financial year, we would like to highlight several important taxation and superannuation changes relevant for the 2027 financial year:



• The lowest marginal tax rate will reduce from 16% to 15%, providing a modest tax saving for individual taxpayers.

• The Superannuation Concessional Contributions Cap will increase to $32,500 for the 2027 financial year.

• The Superannuation Non-Concessional Contributions Cap will increase to $130,000, with the maximum 3-year bring-forward contribution increasing to $390,000.

• The HELP repayment threshold remains at approximately $67,000. Once taxable income exceeds this level, compulsory HELP repayments apply at progressive rates, increasing further for higher income earners above approximately $125,000.

PLEASE NOTE: Importantly, the proposed $1,000 standard work-related deduction is not expected to commence until the 2027 financial year. Accordingly, this deduction will not apply to 2026 income tax returns lodged after 30 June 2026.