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Old Aug 30th 2009, 11:47 am   #76
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by EvannTel View Post
Actually the 30% rate cuts in at $35,000. And up to $80,000 is 38% not 40%.
Looks like you may have used last years figures.

http://www.ato.gov.au/individuals/co...04&mfp=001/002
http://www.ato.gov.au/individuals/co...04&mfp=001/002
You're right. I did.

I'll plug them in and see what happens.
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Old Aug 30th 2009, 11:51 am   #77
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Default Re: 1.93's A$ to the Pound!!!

Exchange rate back to 2.00

Code:
Inc(£)	Inc($)	UK Tax	UK %	AU Tax	AU %	Diff(£)	Diff($)
10,000	20,000	1,219	12.2%	1,200	6.0%	-619	-1,547
15,000	30,000	2,819	18.8%	2,850	9.5%	-1,394	-3,484
20,000	40,000	4,419	22.1%	6,050	15.1%	-1,394	-3,484
25,000	50,000	6,019	24.1%	8,800	17.6%	-1,619	-4,047
30,000	60,000	7,619	25.4%	12,750	21.3%	-1,244	-3,109
40,000	80,000	10,819	27.0%	19,050	23.8%	-1,294	-3,234
50,000	100,000	15,200	30.4%	26,950	27.0%	-1,725	-4,314
60,000	120,000	19,300	32.2%	36,050	30.0%	-1,275	-3,189
70,000	140,000	23,400	33.4%	44,150	31.5%	-1,325	-3,314
80,000	160,000	27,500	34.4%	52,250	32.7%	-1,375	-3,439
90,000	180,000	31,600	35.1%	60,350	33.5%	-1,425	-3,564
100,000	200,000	35,700	35.7%	69,850	34.9%	-775	-1,939
110,000	220,000	39,800	36.2%	79,350	36.1%	-125	-314
111,930	223,861	40,592	36.3%	81,184	36.3%	0	0
120,000	240,000	43,900	36.6%	88,850	37.0%	525	1,311
I suspect peeps have lost interest now though!

Last edited by MartinLuther; Aug 30th 2009 at 11:54 am.
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Old Aug 30th 2009, 12:28 pm   #78
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by MartinLuther View Post
Exchange rate back to 2.00

I suspect peeps have lost interest now though!
no. It's still 1.93 as of tonight.
...and neither oversold nor overbought if you believe the RSI indicator.
Still looks to be trending down.
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Old Aug 30th 2009, 12:30 pm   #79
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by DownUnderPaddy View Post
no. It's still 1.93 as of tonight.
...and neither oversold nor overbought if you believe the RSI indicator.
Still looks to be trending down.
Sorry. I meant for the spread sheet. So it could be compared to the earlier one I did at 2.00
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Old Aug 30th 2009, 12:30 pm   #80
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by MartinLuther View Post
Sorry. I meant for the spread sheet.
whoops ! as soon as I posted , I realised
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Old Sep 1st 2009, 5:45 am   #81
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by ozzieeagle View Post
Perhaps if Britain still had a Mining industry and associated industries, maybe they wouldn't have quite been in such a mess.


Now we all know why and who killed that off.
How true and look at what they replaced it with,the financial industry. How far did that go towards creating a topsy turvey economy?
Just hope it is pruned back and London becomes more of a city that people can afford again.
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Old Sep 1st 2009, 7:10 am   #82
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Default Re: 1.93's A$ to the Pound!!!

It won't be long before people are spending the pounds in their monopoly sets because they are more valuable.

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I agree. The people in the UK have a certain one eyed Scottish idiot to thank for this and his magic money printing press.
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Old Sep 1st 2009, 6:00 pm   #83
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Default Re: 1.93's A$ to the Pound!!!

well today it's back hitting 1.95 (who would imagine that would be a nice feeling!!!)

saw it go as low as 1.9250 in last couple of days!!

1.96+ and I'm in the money so come on, up you go!

looks like a september crash in the US stockmarkets due again (of what size who knows) and that always helps the pound as the AUD becomes weaker against the USD when stockmarkets retreat.

China stockmarket also crashing (lost 7% on Monday and over 22% throughout August!) and September may lose another 25% I read today. So Americans likely to not buy increased products from China for some time now which means China recovery not looking too hot again as means less need for commodities to make products which hurts Australian overseas sales.

Bit of a vicious circle forming like last Autumn again!???
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Old Sep 2nd 2009, 12:38 am   #84
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by themerlin View Post
It won't be long before people are spending the pounds in their monopoly sets because they are more valuable.
Oh yes that's bound to happen.
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Old Sep 2nd 2009, 1:50 am   #85
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by renth View Post
Probably quite a few pommies here in Oz doing their sums and thinking about a return to the UK.
Indeed. Now is the time for some to return, assuming they can get employment or live off some of those savings. There's been a lot of chit-chat of people 'trapped' in Australia. Maybe not!

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Originally Posted by MartinLuther View Post
Yeah, but you were doing it as a pretend company in the UK. That's not available to everyone* so is not a great comparison. You could compare it to a friend I know who manages to get his tax down to 6%. Again it's not something everyone can do so it's not really comparative.

*I'm sure if everyone manged to scam it then the government would bring in tougher stuff than IR35.
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Originally Posted by renth View Post
Nothing like Australia. Australia hasn't been printing money like the UK. I don't think we do pay massive amounts in tax - I don't anyway - I reckon I'm income tax free when you take into account Family Tax benefit.
When the GFC kicked off, there were many who were almost looking forward to - positively crowing - that Australia be in the same position as the UK. The reality so far is that Australia has faired better than many.

Having said that, Australia has it's own battles to fight and when rates start increasing we might be where we were in 07-08 again! I still think inflation could be an issue. I was glad that the housing market overall was reported to be not that bouyant.

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Originally Posted by MartinLuther View Post
I did not at any point assert that all people would pay less tax here than there. I'm not sure what point you, Grayling and Amazulu are trying to make. Are you trying to tell me that because you as individuals have managed to get yourselves into a situation where you pay more tax here than there, then Aus, as a whole, takes more tax than the UK? If so then I'm not convinced.
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Probably.....but I really can't be arsed with such trivia.

Life is too short to worry about whether I pay too much tax or not.
Agree with both.

I don't concern myself with tax too much either - I don't think I am being fleeced in a way I wasn't in the UK...and think they have similar tax regimes.
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Old Sep 2nd 2009, 1:56 am   #86
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Default Re: 1.93's A$ to the Pound!!!

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Ah.....but that doesn't give people a reason to gloat about the so called demise of the motherland.

G
Like I said, at the start of the GFC, people were finding it hard to disguise their gloating about the demise of the Colonies...the disguise was that we all were going to sink....(the Colonies were not going to do better in any area...)

I think it is fair to say that things er, demised in the UK and the US and some fears did not play out in Australia. That might change. But it doesn't have to get childish.
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Old Sep 2nd 2009, 2:08 am   #87
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Default Re: 1.93's A$ to the Pound!!!

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Like I said, at the start of the GFC, people were finding it hard to disguise their gloating about the demise of the Colonies...the disguise was that we all were going to sink....(the Colonies were not going to do better in any area...)

I think it is fair to say that things er, demised in the UK and the US and some fears did not play out in Australia. That might change. But it doesn't have to get childish.
The federal government stated (not sure if they still stand by it) that unemployment would reach 8%+ in Australia - that's with stimulus - 10%+ without. If people accepted that forecast - and based on a couple of months rises in unemployment at the start of this year it looked plausible - it doesn't necessarily mean they wanted it to happen!
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Old Sep 2nd 2009, 6:42 am   #88
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Default Re: 1.93's A$ to the Pound!!!

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Originally Posted by bcworld View Post
The federal government stated (not sure if they still stand by it) that unemployment would reach 8%+ in Australia - that's with stimulus - 10%+ without. If people accepted that forecast - and based on a couple of months rises in unemployment at the start of this year it looked plausible - it doesn't necessarily mean they wanted it to happen!
All I can go on is what I observe in my daily life. We are now so short staffed at Aussie post, that they are recreating walking and pushbike rounds, for existing full time nightshift employees who benefit from the 30pct shift allowance. This is in stark contrast to their policy of all Posties must have a Motor Bike license. That policy combined with starting all new employers after the Penalty rate allowance of 15 pct, with a 6.30 am start instead of the traditional 6.00 am has led to a massive shortage of posties.

It's good for me, Looks like I may end up on Day Shift @ 15 pct penalty (shift allowance) with a walking round.

Not sure where they are going to get the additional night sorters. Thats why I've been looking very closely at the mass influx of Indians, who are the most likely low cost English speaking, mostly part-time replacements, as Apost and other major employers continues to try and unravel the Penalty payment system.
Got to say havent seen any incoming Indian employees thus far, so I could be barking up the wrong tree. There will be a mass shortage of night shift employees as they plug the day shift gap with existing employees. 30 pct of Night Shift employees across Australia are going to be offered this. 43,000 people are employed by Aus Post so it is a major player in the way the Job Market runs in Australia.


So in essence we are still very short staffed, as most people wont stay at Aus Post without the penalty payments.

I can confirm there is also a massive shortage of Health Care professionals, especially in Mental health.

Yahhhhoooooo I'm going on to days hopefully !!!

I'd probably have injured myself on a Motor bike thats why I never took that option.

For me the employement Balance will tip when places like Aus Post say "no vacancies" I honestly cannot see that happening.
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Last edited by ozzieeagle; Sep 2nd 2009 at 7:09 am.
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Old Sep 4th 2009, 8:52 pm   #89
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Default Re: 1.93's A$ to the Pound!!!

How easy is it to make a living out of currency trading?
Buying currency/selling currency everyday/week etc.
Cos looking at the trend for the EURO/AUD over the last few months, I could make a few hundred quid a week!
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Old Sep 4th 2009, 11:23 pm   #90
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Default Re: 1.93's A$ to the Pound!!!

You could also lose a few hundred quid a week.

People on here have been trying to play the game and stating that the Au $ will go to $2.4 - 2.5 to the £ ( at the time it was 2.10 )

Its now sub 2.0, so those people would have lost quite a lot playing the money market


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