Medical Professionals are Australia's highest paid, ATO data reveals; check top-paying jobs in the country
The Australian Taxation Office's 2022-23 data reveals surgeons as the highest-paid professionals, earning over $470,000 annually, significantly exceeding the average taxable income. Anesthetists and financial dealers followed, securing the second and third positions, respectively. While most top professions saw income increases, financial dealers, mining engineers, and CEOs experienced slight decreases compared to the previous year.
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What are the highest-paid jobs in Australia?
Surgeon: $472,475 (up $12,119)
Anaesthetists: $447,193 (up $16,000)
Financial dealer: $355,233 (down $18,500)
Internal medicine specialist: $342,457 (up $1,728)
Psychiatrist: $286,146 (up $9,601)
Other medical practitioners: $259,802 (up $4,048)
Mining engineer: $206,423 (down $7,942)
Judicial or other legal professional: $206,408 (up $1,474)
Chief executive officer or managing director: $194,987 (down $2,733)
Financial investment advisor or manager: $191,986 (up $6,152)
The Australian Taxation Office (ATO) has released the data on the tax return data of millions of Aussies during financial year 2022-23, giving a glimpse of the massive incomes garnered by some professions. The data has also thrown light upon the highest-paying jobs in the country.The list is led by surgeons who have managed to retain the top spot, earning more than $470,000 per year on average. There are reportedly only 4,247 surgeons in the country, which signifies that they are minting more than six times the average taxable income of $74,240 over the same period.The second position in the ATO list was also bagged by medical professionals, with anesthesiologists who took home $447,193 on average annually. Notably, there are a mere 3,658 workers across the country.In the third spot, following two taken by healthcare professionals, come financial dealers, who were the highest-paid non-medical role. They earned an average of $355,233 a year with a workforce of 5,147 people across the country. Financial dealers carry out financial market transactions on behalf of clients and include stockbrokers.According to the 2022-23 ATO data, the top-paying job with the most people was chief executive officers and managing directors. There were a whopping 231,103 people in this job amassing an average of around $194,987 a year.It is pertinent to mention that the list of highest-paying jobs during the financial year 2022-23 remained the same as in previous income years, but notably, incomes have gone up for most professions.List of the top 10 highest-paid jobs and how much their incomes have increased since the previous year's statisticsAccording to the latest ATO data, the average Australian income was $74,240 a year. This was up from $72,327 a year. The median income was $55,868 for the 2022-23 income tax. This was up from $53,041 per year from the year prior.
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Time of India
7 hours ago
- Time of India
Medical Professionals are Australia's highest paid, ATO data reveals; check top-paying jobs in the country
Live Events What are the highest-paid jobs in Australia? Surgeon: $472,475 (up $12,119) Anaesthetists: $447,193 (up $16,000) Financial dealer: $355,233 (down $18,500) Internal medicine specialist: $342,457 (up $1,728) Psychiatrist: $286,146 (up $9,601) Other medical practitioners: $259,802 (up $4,048) Mining engineer: $206,423 (down $7,942) Judicial or other legal professional: $206,408 (up $1,474) Chief executive officer or managing director: $194,987 (down $2,733) Financial investment advisor or manager: $191,986 (up $6,152) (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Australian Taxation Office (ATO) has released the data on the tax return data of millions of Aussies during financial year 2022-23, giving a glimpse of the massive incomes garnered by some professions. The data has also thrown light upon the highest-paying jobs in the list is led by surgeons who have managed to retain the top spot, earning more than $470,000 per year on average. There are reportedly only 4,247 surgeons in the country, which signifies that they are minting more than six times the average taxable income of $74,240 over the same second position in the ATO list was also bagged by medical professionals, with anesthesiologists who took home $447,193 on average annually. Notably, there are a mere 3,658 workers across the the third spot, following two taken by healthcare professionals, come financial dealers, who were the highest-paid non-medical role. They earned an average of $355,233 a year with a workforce of 5,147 people across the country. Financial dealers carry out financial market transactions on behalf of clients and include to the 2022-23 ATO data, the top-paying job with the most people was chief executive officers and managing directors. There were a whopping 231,103 people in this job amassing an average of around $194,987 a is pertinent to mention that the list of highest-paying jobs during the financial year 2022-23 remained the same as in previous income years, but notably, incomes have gone up for most of the top 10 highest-paid jobs and how much their incomes have increased since the previous year's statisticsAccording to the latest ATO data, the average Australian income was $74,240 a year. This was up from $72,327 a year. The median income was $55,868 for the 2022-23 income tax. This was up from $53,041 per year from the year prior.
Economic Times
7 hours ago
- Economic Times
Medical Professionals are Australia's highest paid, ATO data reveals; check top-paying jobs in the country
The Australian Taxation Office's 2022-23 data reveals surgeons as the highest-paid professionals, earning over $470,000 annually, significantly exceeding the average taxable income. Anesthetists and financial dealers followed, securing the second and third positions, respectively. While most top professions saw income increases, financial dealers, mining engineers, and CEOs experienced slight decreases compared to the previous year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads What are the highest-paid jobs in Australia? Surgeon: $472,475 (up $12,119) Anaesthetists: $447,193 (up $16,000) Financial dealer: $355,233 (down $18,500) Internal medicine specialist: $342,457 (up $1,728) Psychiatrist: $286,146 (up $9,601) Other medical practitioners: $259,802 (up $4,048) Mining engineer: $206,423 (down $7,942) Judicial or other legal professional: $206,408 (up $1,474) Chief executive officer or managing director: $194,987 (down $2,733) Financial investment advisor or manager: $191,986 (up $6,152) The Australian Taxation Office (ATO) has released the data on the tax return data of millions of Aussies during financial year 2022-23, giving a glimpse of the massive incomes garnered by some professions. The data has also thrown light upon the highest-paying jobs in the list is led by surgeons who have managed to retain the top spot, earning more than $470,000 per year on average. There are reportedly only 4,247 surgeons in the country, which signifies that they are minting more than six times the average taxable income of $74,240 over the same second position in the ATO list was also bagged by medical professionals, with anesthesiologists who took home $447,193 on average annually. Notably, there are a mere 3,658 workers across the the third spot, following two taken by healthcare professionals, come financial dealers, who were the highest-paid non-medical role. They earned an average of $355,233 a year with a workforce of 5,147 people across the country. Financial dealers carry out financial market transactions on behalf of clients and include to the 2022-23 ATO data, the top-paying job with the most people was chief executive officers and managing directors. There were a whopping 231,103 people in this job amassing an average of around $194,987 a is pertinent to mention that the list of highest-paying jobs during the financial year 2022-23 remained the same as in previous income years, but notably, incomes have gone up for most of the top 10 highest-paid jobs and how much their incomes have increased since the previous year's statisticsAccording to the latest ATO data, the average Australian income was $74,240 a year. This was up from $72,327 a year. The median income was $55,868 for the 2022-23 income tax. This was up from $53,041 per year from the year prior.
Economic Times
9 hours ago
- Economic Times
Income Tax rise surpasses wage growth as rates and inflation hit working Australians, says ATO data
TIL Creatives On one hand, the working Australians saw a rise in their tax bills, while on the other, the very rich witnessed a drop in their incomes as the property prices, which saw an unusual high, returned to normal levels or declined. The tax bills of many working Australians increased faster than their wages during the financial year 2022-23, data from the Australian Taxation Office released on Friday, June 27, 2025, revealed. Meanwhile, the data also showed that 91 Australians who earned more than $1 million in total income paid no tax in ATO released the data covering the 2022-23 financial year, the first full year of the government led by Prime Minister Anthony Albanese. On one hand, the working Australians saw a rise in their tax bills, while on the other, the very rich witnessed a drop in their incomes as the property prices, which saw an unusual high, returned to normal levels or declined. The ATO data also revealed that the people were majorly impacted as their wages were consumed by both inflation and the tax system. Among the taxpayers who bore the brunt were women who suffered most from the end of the low- and middle-income tax offset. The income tax offset was a benefit given to Australian taxpayers to reduce the total tax burden. This amount was directly deducted from the total taxable income. The amount of offset depended upon the taxable income. The offset, which was discontinued by the Albanese government after it came to power in 2022, was brought in by the Scott Morrison government as a temporary measure to offset the cost of living pressure after the Covid-19 outbreak. The data also showed a decline in the number of landlords across Australia. However, those who had negatively geared properties increased in every state and territory, according to local media reports. Around 1,130,000 landlords who registered a loss were negatively geared. The median loss was $5,487, and the average was $9,346, ABC reported. As far as the 91 non-income tax-paying millionaires are concerned, they claimed $390 million worth of different deductions to reduce their tax bills to zero, according to an analysis of the data by the Australia Institute and the ABC. The major portion of the deductions came from 19 millionaires who donated a total of $291 million to tax-deductible charities, averaging about $15.4 million ATO data for the financial year 2022-23 also revealed that the country's highest earners live in Sydney's eastern suburbs, taking in Darling Point, Edgecliff, Rushcutters, and Point 2022-23, the average income of the working population across Australia was $74,240, which is an increase of $1913, or 2.6 percent, as compared to the 2021-22 financial year. Among the workers, the women's workforce managed to surpass men, with their average income growing by 3.3 percent, or $1992, to $62,046, compared to men, whose average lifted 2.2 percent to $86, big part of the rise in income, however, was taken away by higher taxes, partly due to the end of the low- and middle-income tax offset. After the offset benefit ended, the average net tax paid by all workers rose by 4.2 percent, or $946, to $23, to the Sydney Morning Herald, women, many of whom had fallen in the bracket of the low- and middle-income tax offset, suffered a 5.8 percent, or $1009, increase in their average net tax. As far as men are concerned, their average tax lifted by $1000, or 3.7 percent, to $28,206. Inflation, which was up by around 6 percent, added salt to the wounds.
