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The average assigned that pays taxes will save a maximum of $ 268 as of July 1, 2026 and this amounts to only $ 5 per week.
That is about the price of a standard flat white without elegant milk.
You will see this additional amount reflected in your payment receipt next year and we have made the calculations to find out what else you can pay with the reduction of federal government taxes.
An average weekly groceries per year
The additional $ 268 are paid during the financial year, so on July 1, 2027, it will have saved a little more than a week of groceries.
According to recent figures, the average Australian home spends $ 213.64 in groceries every week.
If you get that extra money in each salary, you can pay a tram full of groceries, but that is only if prices do not increase.
Five months of transmission
According to Kantar, the average home in Australia disburses $ 50 per month in transmission services such as Netflix, Stan, Disney+ and Apple TV.
Tax cuts would cover just over five months of transmission.
His energy bill, but only if he lives in WA
Tax cuts will not cover their quarterly electricity bill in most Australian states and territories, except in Western Australia.
Finder Research found that the average quarterly bill in WA costs $ 245, that is the cheapest between Queensland, Victoria, NSW and South Australia.
Its unidirectional public transport rate, but only in Queensland
The $ 5 per week ascends only 70 ° C per day, which can allow you a public public transport ticket if you live in Queensland.
But for any other state and territory, that 70c will not take it very far.
In images: the first power pages of the federal budget newspapers
A full milk bottle
The tax reduction of $ 5 per week of the Federal Government next year could allow a bottle of three liters of complete milk in Woolworths, which costs $ 4.35.
The same goes for choles, where you can take a home brand milk for the same price.
You will even have 65 ° C left over for the week.
Travel insurance for a trip a year
If you save all your cents of tax reduction 2026, you can pay the average travel insurance cost for a person.
According to tired, in 2024 the average international travel insurance premium was $ 204 for a single person.
If you are a “mature single”, which is another word for higher travelers, the cost is a little more to $ 265, which would still be covered by the annual savings of $ 268.
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