Anyone who has tried to decode their payslip knows the feeling: a row of numbers that somehow leads to a smaller number in the bank. For Australian and Irish workers paid weekly, the 2024 tax tables are the key to that calculation. We will walk through how each country’s system works, from the Australian Taxation Office’s NAT 1005 table to Ireland’s standard rate cut‑off method — with real steps you can use today.
Australian weekly tax table code: NAT 1005 · Effective date (Australia): 1 July 2024 · Irish standard tax rate: 20% · Irish higher tax rate: 40%
Quick snapshot
- ATO weekly tax table NAT 1005 effective from 1 July 2024 (ATO official PDF)
- Irish income tax uses a standard rate of 20% and a higher rate of 40% for 2024 (Revenue.ie – official tax calculation guidance)
- Employers use the weekly table to determine PAYG withholding in Australia (ATO – Tax tables overview)
- Ireland applies tax by applying 20% to income within the weekly rate band (Revenue.ie – official tax calculation guidance) (ATO official PDF)
- Exact weekly standard rate cut‑off amount for Ireland 2024 (varies per taxpayer) (Revenue.ie – official tax calculation guidance)
- Specific tax offset amounts in the ATO ready reckoner beyond the PDF (ATO official PDF)
- The exact weekly rate band for different marital statuses not officially published as a single table (Revenue.ie – official tax calculation guidance)
- The ATO tax offset ready reckoner values for offsets beyond page 13 not available online (ATO official PDF)
- 1 July 2024 – ATO weekly tax table NAT 1005 takes effect (ATO official PDF)
- January 2024 – Irish tax year 2024 begins (Revenue.ie – official tax calculation guidance)
- Download the 2024 PDF or use the ATO online calculator for weekly withholding (ATO – Tax tables overview)
- Check Revenue.ie for personalised weekly cut‑off based on your tax credits (Revenue.ie – official tax calculation guidance)
The following table summarises the key facts.
| Item | Value |
|---|---|
| Official name (Australia) | Weekly tax table (NAT 1005) |
| Effective date (Australia) | 1 July 2024 |
| Official name (Ireland) | Revenue.ie tax calculation |
| Standard rate (Ireland) | 20% |
| Higher rate (Ireland) | 40% |
| Weekly cut‑off (Ireland) | Depends on personal tax credits and rate band |
How to calculate weekly tax in Ireland?
If you are paid weekly in Ireland, the process is straightforward once you know your gross pay and your personal tax credits. The key is the “weekly rate band” – the portion of your weekly earnings taxed at the standard rate.
Understanding your gross pay
- Your gross pay is your total earnings before any deductions. This includes salary, overtime, bonuses, and commissions (Revenue.ie – official tax calculation guidance).
- For weekly paid employees, Revenue.ie calculates tax by applying the standard rate of 20% to income inside your weekly rate band and 40% to any income above it (Revenue.ie – official tax calculation guidance).
Applying the weekly standard rate cut‑off
- The weekly cut‑off point is the amount you can earn at the standard 20% rate. It is derived from your annual tax credits and rate band (Revenue.ie – official tax calculation guidance).
- For example, if your annual standard rate band is €42,000 (single person), your weekly cut‑off is roughly €42,000 ÷ 52 ≈ €807 (Revenue.ie – official tax calculation guidance). Income above that is taxed at 40%.
Calculating your tax credits
- Tax credits directly reduce the total tax you owe. Common ones include the personal tax credit and the employee tax credit (Revenue.ie – official tax calculation guidance).
- Your tax credits are spread evenly over the year. If you have total annual credits of €3,750, you get about €72 per week (Revenue.ie – official tax calculation guidance).
What this means: the Irish system is highly personalised. Two employees with the same gross pay can have different net tax based on their credits and marital status.
What is the weekly cut‑off point?
How the weekly cut‑off point is determined
- The weekly cut‑off point is the amount you can earn at the standard 20% rate before moving to the higher 40% rate (Revenue.ie – official tax calculation guidance).
- It comes from your annual tax credits and rate band, divided by the number of pay periods in a year (Revenue.ie – official tax calculation guidance).
Difference between weekly and monthly cut‑off
- Weekly cut‑off = annual standard rate band ÷ 52; monthly cut‑off = annual band ÷ 12 (Revenue.ie – official tax calculation guidance).
- Using the wrong period could under‑ or over‑withhold tax (Revenue.ie – official tax calculation guidance).
Example calculation
- Suppose a single employee earns €1,000 per week and has a weekly cut‑off of €807. Tax = (€807 × 20%) + (€193 × 40%) = €161.40 + €77.20 = €238.60 before credits (Revenue.ie – official tax calculation guidance).
- After weekly credits of €72, net tax owed = €166.60 (Revenue.ie – official tax calculation guidance).
The takeaway: the weekly cut‑off acts as a threshold for higher‑rate tax. Knowing your own amount is essential for accurate budgeting.
What’s the new tax rate for 2024?
Irish income tax rates for 2024 (20% and 40%)
- Ireland maintains a two‑rate structure: standard rate 20% (up to your weekly cut‑off) and higher rate 40% on the remainder (Revenue.ie – official tax calculation guidance).
- These rates have not changed from 2023, but the standard rate band and tax credits were adjusted (Revenue.ie – official tax calculation guidance).
ATO weekly tax table rates for 2024
- The ATO weekly tax table (NAT 1005) lists exact withholding amounts based on weekly earnings and whether the employee claims the tax‑free threshold (ATO official PDF).
- Two columns show withholding: “With tax‑free threshold” and “Without tax‑free threshold” (QuickBooks Australia – FY25‑26 Weekly Tax Table).
Comparison of rates across jurisdictions
- Australia uses a progressive scale built into the table – not a simple flat rate – so withholding changes precisely at each earnings bracket (ATO – Tax tables overview).
- Ireland uses a direct two‑rate system with a weekly cut‑off (Revenue.ie – official tax calculation guidance).
The pattern: both countries use progressive taxation, but Australia’s table provides a ready‑made withholding amount, while Ireland’s system requires a per‑employee calculation.
How much can I earn before paying 40% tax in Ireland?
Understanding the higher rate threshold
- The higher 40% rate applies to income above the weekly standard rate cut‑off point (Revenue.ie – official tax calculation guidance).
- Your cut‑off depends on your personal circumstances: single, married, lone parent, etc. (Revenue.ie – official tax calculation guidance).
How the weekly cut‑off applies
- For a single person with a weekly cut‑off of €807, the first €807 is taxed at 20%; anything above is taxed at 40% (Revenue.ie – official tax calculation guidance).
- Married couples can have a higher combined cut‑off, potentially paying less higher‑rate tax (Revenue.ie – official tax calculation guidance).
Example for a weekly wage of €1,000
- Same as earlier: €807 at 20% = €161.40; €193 at 40% = €77.20; total before credits = €238.60 (Revenue.ie – official tax calculation guidance).
- After typical single credits, net tax ≈ €166.60 (Revenue.ie – official tax calculation guidance).
For a single earner in Ireland, you can earn roughly €807 per week before any income is taxed at 40%. Every euro above that threshold costs you 40 cents in tax – a big jump from the 20% rate.
How to calculate your weekly or monthly tax?
Using the ATO weekly tax table (NAT 1005)
- Start with the employee’s total weekly earnings – add allowances and irregular payments, ignore cents (QuickBooks Australia – FY25‑26 Weekly Tax Table).
- Find that earnings amount in the “Weekly earnings” column of the table (QuickBooks Australia – FY25‑26 Weekly Tax Table).
- Select the “With tax‑free threshold” column unless the employee has not claimed the threshold (QuickBooks Australia – FY25‑26 Weekly Tax Table).
- The intersecting cell shows the amount to withhold (ATO official PDF).
Step‑by‑step calculation for a weekly payment
- Determine gross weekly earnings (e.g., $1,200).
- Check the employee’s tax file number and whether they claim the tax‑free threshold (Reckon – weekly, fortnightly and monthly tax tables).
- Look up $1,200 in the weekly earnings column of NAT 1005.
- Read across to the correct column. For an employee claiming the threshold, the withholding might be, for example, $321 (ATO official PDF).
- Use the tax offset ready reckoner on page 13 of the PDF if the employee has a relevant offset (ATO official PDF).
Using the tax offset ready reckoner
- Page 13 of NAT 1005 includes a special table for tax offsets (ATO official PDF).
- Apply the offset amount to the withholding figure from the main table (QuickBooks Australia – FY25‑26 Weekly Tax Table).
Employees with a second job often cannot claim the tax‑free threshold on both. If you use the wrong column, you risk under‑withholding and a tax bill at year‑end (QuickBooks Australia – FY25‑26 Weekly Tax Table).
A special table helps you apply tax offsets efficiently – but you need the right declarations first.
| Specification | Details |
|---|---|
| Table name | Weekly tax table (NAT 1005) |
| Effective from | 1 July 2024 |
| Format | PDF, searchable |
| Columns | Weekly earnings range, withholding with tax‑free threshold, withholding without threshold |
| Special feature | Tax offset ready reckoner on page 13 |
| Use case | PAYG withholding for weekly payments |
One table, two columns – but the choice between threshold and no‑threshold can change your weekly take‑home by hundreds of dollars.
Clarity check: what we know and what remains uncertain
Confirmed facts
- ATO weekly tax table NAT 1005 applies from 1 July 2024 (ATO official PDF)
- Irish income tax uses 20% standard and 40% higher rate for 2024 (Revenue.ie – official tax calculation guidance)
- Irish tax credits reduce the amount of tax owed weekly (Revenue.ie – official tax calculation guidance)
- ATO also provides an online tax withheld calculator (ATO – Tax tables overview)
What remains unclear
- Exact weekly standard rate cut‑off for each individual (depends on tax credits and band)
- Full contents of the ATO tax offset ready reckoner beyond what is published
- Whether the Irish cut‑off amounts have been formally published as a single weekly table
Expert perspectives
“This tax table applies to payments made from 1 July 2024.”
Australian Taxation Office – NAT 1005 official PDF
“If you are paid weekly, your Income Tax is calculated by applying the standard rate of 20% to the income in your weekly rate band.”
Two official sources, two different approaches – but both aim to answer the same question: how much tax to withhold from a weekly pay packet.
Your next step
Whether you are an employer reconciling PAYG or a worker checking your payslip, the 2024 weekly tax table is your reference. Australians can download NAT 1005 from the ATO website or use the online calculator. Irish workers should check their Revenue.ie account to see their personalised weekly rate cut‑off and credits. For Australians juggling a second job, the rule is simple: you cannot claim the tax‑free threshold twice. Get that wrong, and you could be facing a tax bill next June – not a refund.
onestoptax.com.au, treasury.gov.au, cis.org.au, apps.apple.com
Employers handling payroll in Ireland should refer to both the fortnightly and weekly tax tables for 2024 to ensure correct withholding across different pay cycles.
Frequently asked questions
What is the difference between weekly and fortnightly tax tables?
Weekly tables are for pay periods of one week; fortnightly tables are for two‑week cycles. Using the wrong table can result in incorrect withholding. The ATO provides separate tables for each frequency (ATO – Tax tables overview).
Where can I download the 2024 weekly tax table PDF?
The ATO weekly tax table NAT 1005 is available in PDF format on the ATO website. Navigate to the tax tables overview page and select “Weekly tax table” (ATO – Tax tables overview). The Irish system does not produce a single PDF; you use Revenue.ie’s online calculator.
How do I use the tax offset ready reckoner in the weekly tax table?
Page 13 of NAT 1005 contains a table of tax offsets. Find the offset amount that applies to your employee, then subtract it from the withholding figure obtained from the main table (ATO official PDF).
Do I need to use the weekly tax table if I am paid monthly?
No – use the monthly tax table instead. Using the weekly table for a monthly pay run will produce incorrect withholding (ATO – Tax tables overview).
What is the maximum I can earn without paying taxes in Ireland?
There is no universal “maximum” – it depends on your tax credits. If your weekly tax credits cover the gross tax liability, you may pay zero tax. Typically, a single person with no other income paying the standard rate may earn around €18,000 per year before tax, but this is an approximation (Revenue.ie – official tax calculation guidance).
How do tax credits affect my weekly tax calculation?
Tax credits are subtracted from the gross tax calculated on your earnings. If your gross weekly tax is €150 and your weekly credits are €60, you pay €90. Credits are typically spread evenly across each pay period (Revenue.ie – official tax calculation guidance).
Is the weekly tax table the same for all employers in Australia?
Yes – the ATO’s weekly tax table NAT 1005 applies to all employers making weekly payments, regardless of industry. However, employers must ensure they use the correct table for the pay frequency (ATO – Tax tables overview).
How often are weekly tax tables updated?
The ATO typically updates tax tables at the start of each financial year (1 July). The Irish system updates on 1 January each year, though the rates may remain the same if there is no Budget change (Revenue.ie – official tax calculation guidance).
For more on related topics, see our guide on Fortnightly Tax Table 2025: Irish Bands, USC Rates & Guide and learn about the Reserve Bank of Australia – Australia’s Central Bank Explained.
Ethan Morrison is Senior Reporter at Southern Pulse, covering breaking stories and explainers.