If I turn 18YO in 06/26, for dividends paid that FY, the tax rate under 18YO or adult one applies?
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Hi @Phil.ATOQ,
If you turn 18 in June 2026, you will be 18 years old on 30 June 2026, and for tax purposes you are treated as an adult for the entire 2025–26 financial year. The higher minor tax rates only apply if you are under 18 on 30 June.
Because you will already be 18 at that date, your dividends for the 2025–26 year are taxed at normal adult individual tax rates, and you can access the $18,200 tax‑free threshold (if you’re an Australian resident).
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Adult rate applies for all tax purposes in the financial year you turn 18, notwithstanding that you turn 18 at the end of the financial year.
Hi @Phil.ATOQ,
If you turn 18 in June 2026, you will be 18 years old on 30 June 2026, and for tax purposes you are treated as an adult for the entire 2025–26 financial year. The higher minor tax rates only apply if you are under 18 on 30 June.
Because you will already be 18 at that date, your dividends for the 2025–26 year are taxed at normal adult individual tax rates, and you can access the $18,200 tax‑free threshold (if you’re an Australian resident).
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