new PAYE =
income thresholds
Rates
Total income to $14,000 = 10.5%
$14,001 - $48,000 = 17.5%
$48,001 - $70,000 = 30%
$70,001 and over = 33%
Old PAYE =
income thresholds
Rates
Total income to $14,000 = 12.5%
$14,001 - $48,000 = 21%
$48,001 - $70,000 = 33%
$70,001 and over = 38%
Looking at this you are going to be saving at least 2% if you earn under $14K and then 3.5% for between $14k and $48. After that you will be saving 3% so most people will be approximately 0.5% better off after the change (unless you spend more than you earn)