Anthony Albanese salary: what the Prime Minister earns, taxed, and where it sits on the Salary Index
Anthony Albanese salary as Prime Minister is $622,102 per year. See how that compares to the national line, plus tax and super details.
The Prime Minister's salary of $622,102 gives an index of 574, far above the national line of 100.
What is the Prime Minister's salary?
Anthony Albanese salary as Prime Minister of Australia is $622,102 per year. That figure comes from the Remuneration Tribunal's 2025 report on ministerial salaries. It is made up of the parliamentary base salary of $239,270 plus a loading of 160% of that base ($382,832). The loading reflects the extra responsibility of leading the country. The base salary is the same for every senator and member of the House of Representatives, as set out in the Remuneration Tribunal (Members of Parliament) Determination.
How does it compare to the national line?
The Salary Index uses full-time adult ordinary-time earnings as the benchmark. Based on the Australian Bureau of Statistics Average Weekly Earnings for May 2026, the national line is $2,083.70 per week, annualised to $108,352. That gives an index of 100. Anthony Albanese salary of $622,102 translates to an index of 574. That is nearly six times the national line. For context, the national minimum wage sits at index 48.2, and the average full-time worker in the mining industry is at index 154.7. The Prime Minister's pay is well above any industry average, reflecting the unique nature of the role.
Gross pay, super, and tax
Gross pay is the $622,102 before any deductions. From 1 July 2026, the superannuation guarantee is 12% of ordinary time earnings, but only up to the maximum contribution base of $270,830. That means the compulsory super contribution on the Prime Minister's salary is capped at $32,499.60 per year. Any additional parliamentary super arrangements are separate.
Tax on that gross amount is calculated using the 2026–27 resident tax rates. The first $18,200 is tax-free, then 15% up to $45,000, 30% up to $135,000, 37% up to $190,000, and 45% above that. Adding the 2% Medicare levy, the total tax bill is roughly $258,258, leaving a take-home pay of about $363,844 per year. That is before any HELP repayments, salary sacrifice, or the Medicare levy surcharge. The effective tax rate is about 41.5%.
How the salary is set
The Remuneration Tribunal does not directly set ministerial salaries; it reports on them, and the Executive Government decides. The Tribunal's 2025 report recommended the current rates. The base salary for all MPs is adjusted periodically; in 2024 it was increased by 3.5%. The loading for the Prime Minister has been 160% for some time. The Tribunal also recently changed the rule so that an acting Prime Minister receives the same salary as the Prime Minister, not the Deputy Prime Minister's rate.
Where the salary sits in the broader picture
Anthony Albanese salary is the highest for any federal politician. The Deputy Prime Minister earns $490,504 (index 453), the Treasurer and Leader of the Government in the Senate each earn $448,631 (index 414), and the Leader of the Opposition earns $442,650 (index 409). A backbencher with the smallest electorate allowance earns $278,970 (index 257). All these figures are gross and before tax. The Salary Index helps put them in perspective against the national line and other industries. For example, the average worker in retail trade has an index of 75.9, and in health care and social assistance it is 97.8. The Prime Minister's index of 574 is far above any industry benchmark.
What this means for the reader
If you are comparing your own pay to the Prime Minister's, remember that the role comes with unique pressures and public scrutiny. The Salary Index is a tool to see where any gross annual salary sits relative to the national line. You can use it for your own pay by dividing your yearly gross by $108,352 and multiplying by 100. For more on how the index works, see how the index works. For pay guides across different roles, visit pay guides. And for state-by-state comparisons, check states.
A note on the figures
The salary figures here are from the Remuneration Tribunal's 2025 report and the Plain Politics dataset. They are as current as the latest determination. The index calculations use the ABS Average Weekly Earnings for May 2026. All tax estimates are for a resident with the tax-free threshold and a flat 2% Medicare levy, ignoring other factors. The super guarantee is based on the 12% rate from 1 July 2026. For more topics on pay and conditions, see topics.
Questions people ask
How much tax does Anthony Albanese pay on his salary?
Using the 2026–27 resident tax rates (excluding Medicare), the tax on $622,102 would be: nil on first $18,200, 15% on $26,800 ($4,020), 30% on $90,000 ($27,000), 37% on $55,000 ($20,350), and 45% on $432,102 ($194,445.90). Total tax before offsets and Medicare is about $245,815.90. Adding the 2% Medicare levy ($12,442.04) gives total tax around $258,258. After tax, take-home pay would be roughly $363,844 per year, or $30,320 per month. This ignores HELP, salary sacrifice, and the Medicare levy surcharge.
Does the Prime Minister get superannuation on top of salary?
Yes, the Prime Minister is entitled to the superannuation guarantee, which from 1 July 2026 is 12% of ordinary time earnings. On a salary of $622,102, the annual super contribution would be $74,652.24, subject to the maximum contribution base of $270,830. However, the super guarantee is only payable on earnings up to that cap, so the actual contribution would be 12% of $270,830 = $32,499.60 per year. The Prime Minister may also have additional parliamentary superannuation arrangements, but those are separate from the SG.
How does the Prime Minister's salary compare to the national minimum wage?
The national minimum wage from 1 July 2026 is $26.44 per hour, $1,004.90 per week, annualised to $52,255. The Prime Minister's salary of $622,102 is about 11.9 times that. On the Salary Index, the national minimum wage sits at 48.2, while the Prime Minister's salary is at 574. This means the Prime Minister earns roughly 12 times the full-time adult ordinary-time earnings benchmark.