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First Week5 minutes to understandMoney & Finance

Know the Working Holiday Maker tax rate

As a WHM, you're taxed differently. The first $45,000 you earn is taxed at 15%, not the usual tax-free threshold.

Why this matters

Your first dollar is taxed. Budget for this - you won't get the tax-free threshold that other residents get.

How to do it

How to do it

  1. 1

    Complete the 'Working holidaymaker tax return' form when you start a job

  2. 2

    Your first $45,000 is taxed at 15%

  3. 3

    Income above $45,000 is taxed at normal rates

  4. 4

    Lodge a tax return at the end of the financial year to get any refund

If your employer taxes you at resident rates, you may owe money at tax time. Check your payslips.

Time required: 5 minutes to understand

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Applicable Visa Types

Working Holiday Visa (Subclass 417)

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