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Notes Online Home 2019 Tax Schools Day 1 What’s new for individuals
New tax relief introduced in 2019 for low and middle income earners
In this section of the notes we review the new tax relief introduced in 2019 for low and middle income earners. More specifically:
• Increase in the upper threshold of the 32.5% personal tax bracket from the 2019 income year
• The new Low and Middle Income Tax Offset (‘LAMITO’) from the 2019 income year