High Income Threshold From 1 July 2024 Income Threshold

High Income Threshold From 1 July 2024 Income Threshold. The contractor high income threshold for the year starting 1 july 2024 is $175,000. The regulations set the contractor high income threshold at $175,000 for the year commencing on 1 july 2024, and prescribe a formula for calculating the threshold in future years on and from 1.

Find more about the high income threshold on our award and agreement free wages and conditions page. This rate is set to continue until 1 july 2024, when it is due to increase to 11.5%.