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Any income that has been earned by your child's efforts, such as wages from an after-school job, is considered ‘excepted income’ and is taxed at the general adult tax rates regardless of whether your child is under 18. However, you should be cautious when putting investments in your child's name because minors do not enjoy the same tax-free thresholds as adults on this type of income, known as ‘eligible income’. Table 1.2 sets out the tax rates that apply to minors’ eligible income.

TABLE 1.2: tax on eligible income for minors (2022-23)

Source: © Australian Taxation Office for the Commonwealth of Australia.

Taxable income	Tax on this income
$0–$416	Nil
$417–$1307	66c for each $1 over $416
$1307 and over	45% of total income