1.93's A$ to the Pound!!!
Aug 30th 2009, 10:47 am
#76
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Re: 1.93's A$ to the Pound!!!
Actually the 30% rate cuts in at $35,000. And up to $80,000 is 38% not 40%.
Looks like you may have used last years figures.
http://www.ato.gov.au/individuals/co...04&mfp=001/002
http://www.ato.gov.au/individuals/co...04&mfp=001/002
Looks like you may have used last years figures.
http://www.ato.gov.au/individuals/co...04&mfp=001/002
http://www.ato.gov.au/individuals/co...04&mfp=001/002
I'll plug them in and see what happens.
Aug 30th 2009, 10:51 am
#77
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Posts: 9,316
Re: 1.93's A$ to the Pound!!!
Exchange rate back to 2.00
I suspect peeps have lost interest now though!
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
Last edited by MartinLuther; Aug 30th 2009 at 10:54 am.
Aug 30th 2009, 11:30 am
#79
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Re: 1.93's A$ to the Pound!!!
Sep 1st 2009, 4:45 am
#81
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Re: 1.93's A$ to the Pound!!!
Just hope it is pruned back and London becomes more of a city that people can afford again.
Sep 1st 2009, 6:10 am
#82
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Sep 1st 2009, 5:00 pm
#83
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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!???
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!???
Sep 2nd 2009, 12:50 am
#85
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Re: 1.93's A$ to the Pound!!!
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.
*I'm sure if everyone manged to scam it then the government would bring in tougher stuff than IR35.
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.
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.
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.
Sep 2nd 2009, 12:56 am
#86
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Re: 1.93's A$ to the Pound!!!
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.
Sep 2nd 2009, 1:08 am
#87
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Location: Melbourne
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Re: 1.93's A$ to the Pound!!!
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.
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.
Sep 2nd 2009, 5:42 am
#88
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Re: 1.93's A$ to the Pound!!!
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!
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.
Last edited by ozzieeagle; Sep 2nd 2009 at 6:09 am.
Sep 4th 2009, 7:52 pm
#89
The Stars are Underground
Joined: Jul 2009
Posts: 423
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!
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!
Sep 4th 2009, 10:23 pm
#90
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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
Stu
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
Stu