PAYGW changes from 1 October 2016

As the Government has increased the 32.5% tax band from $37,001 to $80,000 to $37,001 to $87,000, the ATO has updated the PAYGW tax tables for employees earning over $80,000 which apply from 1 October 2016.

Employers are not required to make any adjustments, and the ATO will refund any excess tax withheld to the employees when their 2016/17 tax returns are processed.