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This generally occurs every 11 years.
The ATO advises that in order to cover any potential shortfall of tax paid (as the tax scales are based on 26 fortnightly pay periods per annum) employees may request their employer to deduct additional tax on their behalf.
If you have 27 fortnightly, or 53 weekly pays in a financial year, refer to withholding additional amounts from employee earnings.
Employees who want additional tax to be deducted should contact their Pay Centre to advise them of how much extra tax they want to have deducted next financial year.
Whether there are 27 fortnights or not would depend on what day in the week the pay period starts.
Please be aware this may be an issue if you pay staff fortnightly.
New Payday Super legislation addresses concessional contributions cap issues for 2026/27, but salary sacrifice and early payments remain key concerns.
The Government has introduced legislation for a minimum 30% tax on discretionary trusts from 1 July 2028. While some stakeholder feedback has been adopted, significant concerns remain around flexibility, complexity and the impact on private groups and SMEs.
Learn about the Federal Court decision around car parking fringe benefits for employers outside the CBD areas. Discover our recommendations in light of this decision. Stay informed to ensure accurate FBT returns in 2027.
