Resources

Loan Calculator and Tax Rates

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 6.25), and click the Calculate button. Clicking the Reset button will clear entered values. Enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.

Individual Tax Rates 2024-25 for Australian Residents*

Taxable IncomeTax on this income
$0 – $18,200Nil
$18,201 – $45,00016c for each $1 over $18,200
$45,001 – $135,000$4,288 plus 30c for each $1 over $45,000
$135,001 – $190,000$31,288 plus 37c for each $1 over $135,000
$190,001 and over$51,638 plus 45c for each $1 over $190,000

Individual Tax Rates 2023-24 for Australian Residents*

Taxable IncomeTax on this income
$0 – $18,200Nil
$18,201 – $45,00019c for each $1 over $18,200
$45,001 – $120,000$5,092 plus 32.5c for each $1 over $45,000
$120,001 – $180,000$29,467 plus 37c for each $1 over $120,000
$180,001 and over$51,667 plus 45c for each $1 over $180,000

* The above rates do not include the Medicare levy of 2.0% of taxable income, subject to low income thresholds. Does not include the Medicare levy surcharge for persons without private health insurance.

Company Tax Rates 2024-25

 (unchanged from 2023-24)

25% for Base rate entities* (*for companies with an aggregated annual turnover of less than $50m – see also the definition of base rate entity passive income at www.ato.gov.au).

30% for entities other than Base rate entities.

Loan Calculator

*required field
$
min. 12 months.
$

Monthly Payment

((([princ] - [balloon]) * ([intr] / 1200) / (1 - (1 / (1 + ([intr] / 1200))) ** [term])))
$

Useful References

Set out below are resources including information sheets for directors, creditors, employees and shareholders for various types of insolvency appointments. We have also included relevant information if you are considering bankruptcy. If you require any clarification of the information contained in the information sheets please do not hesitate to contact us.

Insolvency
A glossary of terms (Info Sheet 41)
Small Business Restructuring
A guide for directors
Liquidation
A guide for creditors (Info Sheet 45)
Receivership
A guide for employees (Info Sheet 55)
Independence of external administrators
A guide for creditors (Info Sheet 84)
FEG
Information for Employees (Fair Entitlements Guarantee)
Insolvency
A guide for directors (Info Sheet 42)
Liquidation
A guide for employees (Info Sheet 46)
Directors obligations
Obligations to external administrators (Info Sheet 53)
Voluntary Administration
A guide for creditors (Info Sheet 74)
Approving Fees
A guide for creditors (info Sheet 85)
Creditors & Insolvency
Insolvency for Creditors
Insolvency
A guide for shareholders (Info Sheet 43)
Receivership
A guide for creditors (Info Sheet 54)
Voluntary Administration
A guide for employees (Info Sheet 75)
Bankruptcy
General Information
Employees & Insolvency
Insolvency for Employees
Directors, COVID-19 & Insolvency
Insolvency for Directors

Useful Links