What is the tax-free threshold?

If your total income for the year is in the lowest income / tax bracket, you pay no tax. Once you move out of the lowest tax bracket and in to the next one, you have crossed the threshold from paying no tax to paying at least the very least tax.

So, when your taxable income exceeds your tax-free threshold you pay tax on the excess.

Call Tax Matters to help you with your the tax free threshold questions.