what is the maximum tax free threshold per year
What are the changes to the tax-free threshold? From 1 July 2012, under the governmentâs Household Assistance Package, the tax-free threshold increased from $6,000 to $18,200. End of attention. This means if you earn less than $18,200 in a financial year, you do not need to pay income tax.ow do you choose which employer to claim the tax-free threshold from? If you expect to earn more than $18,200, it is generally best to claim the tax-free threshold from the job you receive your highest income from.