The Social Security Rate in Australia stands at 11.50 percent.

Social Security Rate in Australia averaged 10.90 percent from 2009 until 2018, reaching an all time high of 11.50 percent in 2016 and a record low of 10.50 percent in 2010. This page provides - Australia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Social Security Rate - values, historical data and charts - was last updated on September of 2020.

Social Security Rate in Australia is expected to reach 12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Social Security Rate is projected to trend around 12.00 percent in 2021, according to our econometric models.

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Australia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.50 11.50 11.50 10.50 2009 - 2019 percent Yearly

Australia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 49.00 30.00 percent [+]
Personal Income Tax Rate 45.00 45.00 47.00 45.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 11.50 11.50 11.50 10.50 percent [+]
Social Security Rate For Companies 9.50 9.50 9.50 9.00 percent [+]
Social Security Rate For Employees 2.00 2.00 2.00 1.50 percent [+]

Australia Social Security Rate
In Australia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Australia because they help to pay for many social programs including welfare, health care and many other benefits.