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🇦🇺 Australia Tax year 2024/25

PAYG salary vs ABN sole trader — net cash in Australia

Super Guarantee is employer-paid on top for employees; freelancers must fund retirement from profit.

Interactive calculator

PAYG Employee

ABN Sole Trader

Employers pay SG on top; sole traders often target ~11.5% personally

Net (employee)
Net (freelance)
Line item PAYG Employee ABN Sole Trader

A **$90,000** PAYG package is not **$90,000** of billable day-rate revenue. Medicare Levy and marginal PAYG rates stack on the full taxable income, while sole traders also need to self-fund super if they want parity with SG.

Three AUD checkpoints

- $90k PAYG: model net often lands near $63k–$66k after PAYG + 2% Medicare Levy (simplified). - $90k ABN revenue, $9k expenses: net frequently falls $4k–$7k lower once you add voluntary 11.5% super on profit. - $130k PAYG: nets roughly $88k–$92k in this toy model—freelancers quoting $130k flat rarely keep that cash without expenses under 5%.

GST note

GST is 10% on taxable supplies once registered—quote exclusive or inclusive deliberately; our calculator stays GST-exclusive on revenue inputs.

Limits

LITO/MLS tiers and Division 293 are not modeled. VERIFY with your tax agent if you are near $250k+ total income.

Worked example: A$90,000 salary — what you keep

A$90,000 PAYG often lands ~A$65,500 net after PAYG withholding (~A$18,500 including Medicare Levy 2% in typical models) while the employer pays 11.5% Super Guarantee (~A$10,350) on top—real comp ~A$100,350. An ABN sole trader with A$90,000 revenue and A$9,000 expenses—after income tax/Medicare on A$81,000 profit and voluntary 11.5% super (~A$9,300)—often keeps ~A$58,000–A$60,000 cash. The gap is mostly super and no paid leave accrual.

Item PAYG (A$90k) ABN sole trader (A$90k rev)
Package / revenue A$90,000 A$90,000
Business expenses −A$9,000
Taxable profit / income A$90,000 A$81,000
PAYG / income tax + Medicare −A$18,500 −A$16,200
Super (SG employer / voluntary) A$10,350 employer-paid −A$9,300 (voluntary)
≈ Cash + super wealth ≈ A$65,500 + A$10.4k super ≈ A$55,500 + A$9.3k super

GST **10%** applies after the **A$75,000** registration threshold for most businesses—keep invoices ex-GST in the tool unless you toggle otherwise.

Common mistakes when comparing Australian net pay

Ignoring Super Guarantee

Employers pay 11.5% on ordinary time earnings (2024/25 headline). Freelancers who “match” a salary without funding super retire with a six-figure hole over a decade.

Using “no tax-free threshold” incorrectly

Second jobs and some contracts withhold at higher rates—your end-year refund may differ from monthly cash flow.

Forgetting unpaid leave

20 days annual leave + 10 sick as an employee is ~A$8–12k of implied value at mid rates—contractors invoice it or lose it.

Mixing GST into personal income

GST collected is not salary—it’s a liability until BAS reconciliation.

Who benefits most from freelancing in Australia?

When ABN contracting wins

Freelancing pays when:

  • Your **day rate** clears **A$1,000+** in tight niches (cloud, security, SAP, niche data).
  • You keep **>80% billable** utilisation across the year.
  • You expense real **tools, insurance, coworking** (where allowed).
  • You still fund **concessional super** to chase parity.

When PAYG is safer

Employment is smarter when:

  • Your implied rate is **<A$700/day** with admin overhead.
  • You rely on **paid parental leave** and **group income protection**.
  • You need a **home loan** with conservative servicing tests.
  • You dislike **BAS** cadence and debtor risk.

FAQ

Why include voluntary super?

Because SG is real comp for employees; ignoring it makes freelance look artificially rich.

Does this model Division 293 tax?

No—high earners with concessional super may owe extra; verify with your agent.

Is GST included in revenue input?

Default is GST-exclusive business revenue unless your build states otherwise.

What about company structures?

Pty Ltd + wages/dividends are not modeled on this page.

How much revenue matches A$90k PAYG incl. super?

Often **A$105k–A$125k+** invoiced with typical expenses and voluntary super.

Are HELP/HECS repayments modeled?

Include them via calculator toggles if available; thresholds change yearly.

Does LITO change results?

Not explicitly—low-income offsets can lift net for smaller bases.

Can I compare part-year contracting?

Yes—prorate revenue; watch PAYG withholding vs actual liability at year-end.