$110k...Is this enough ? !
#211
BE Enthusiast
Joined: Sep 2008
Posts: 484
Re: $110k...Is this enough ? !
But on that note i have to say kids nowadays have too much say. I am old school. Until they are 16 parents are in charge. not kids. They will make new friends and by the time they're 20 they won't even remember who they're 11 yr old pals were.
Too much pandering going on nowadays. If you tell them the decision is made and to get on with it and they know no amount of moaning will change it, they will get on with it. They are only young kids after all. If they can't adapt then no one can.
#212
BE Enthusiast
Joined: Sep 2008
Posts: 484
Re: $110k...Is this enough ? !
But on that note i have to say kids nowadays have too much say. I am old school. Until they are 16 parents are in charge. not kids. They will make new friends and by the time they're 20 they won't even remember who their 11 yr old pals were.
Too much pandering going on nowadays. If you tell them the decision is made and to get on with it and they know no amount of moaning will change it, they will get on with it. They are only young kids after all. If they can't adapt then what about the rest of us?
#214
Re: $110k...Is this enough ? !
[QUOTE=northernbird;9092256]You are kidding me right, kids that age would love anything as long as Mum and Dad are there. Try telling a screaming 11 year old girl that they will love Australia and they will make new friends.[/QUOTE]
I did and she did
I did and she did
#215
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
#216
Forum Regular
Joined: Oct 2010
Posts: 157
Re: $110k...Is this enough ? !
WHATS LAFHA?just wondering is it like tax break?
#217
Re: $110k...Is this enough ? !
LAFHA is "Living Away from Home Allowances" and yes, it is a tax break. Depending on how much you are entitled to, it can have a significant effect on your take home pay
#218
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: $110k...Is this enough ? !
LAFHA only applies to those on temp visa's.
#219
Re: $110k...Is this enough ? !
I know people that work for us from interstate who get it - some are Aussie citizens.
LAFHA is for those who work away from their normal place of residence in order to perform thier employment duties.
http://www.ato.gov.au/individuals/co...tm&page=14&H14
LAFHA is for those who work away from their normal place of residence in order to perform thier employment duties.
http://www.ato.gov.au/individuals/co...tm&page=14&H14
#220
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: $110k...Is this enough ? !
I know people that work for us from interstate who get it - some are Aussie citizens.
LAFHA is for those who work away from their normal place of residence in order to perform thier employment duties.
http://www.ato.gov.au/individuals/co...tm&page=14&H14
LAFHA is for those who work away from their normal place of residence in order to perform thier employment duties.
http://www.ato.gov.au/individuals/co...tm&page=14&H14
#221
Re: $110k...Is this enough ? !
No, it doesn't. Those who work interstate or anywhere away from home for extended times can access it. And it does apply to some migrants in certain situations, not just those on 457 visas
#222
Re: $110k...Is this enough ? !
Dorothy is correct, we first had LAFHA on our 457 but had to lose it as soon as you apply for PR. Our friends who now have Aussie citizenship too, have moved from Perth to work in Sydney and have rented out their house here in Perth and they get LAFHA for being in Sydney as Perth is classed as there main resident.......
#223
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: $110k...Is this enough ? !
I'm well aware that you don't have to be on a 457 to claim LAFHA but the reality is, for the people who are likely to be reading this board, that 99% of the people who can claim LAFHA will be those on a 457 visa.
Of course you could come on a permanent visa, set up home in Perth, and then be posted to Sydney and then claim LAFHA.... but how many people does that sort of example cover in realation to the numbers on a 457?.
#224
Forum Regular
Joined: Jun 2010
Location: Calgary
Posts: 286
Re: $110k...Is this enough ? !
I'm a company accountant in the construction game here, your company will probably get you to sign a stat declaration and sometimes show proof of your normal residence.
Most of our guys are Fly In Fly Out from Perth up to the north west and they either get put in camps or they get LAFHA. If they get LAFHA then they usually are paying for their expenses up there which are astronomical.
PM me if you have any other queries ...
Wayne
#225
Forum Regular
Joined: Jun 2010
Location: Calgary
Posts: 286
Re: $110k...Is this enough ? !
We are a family of 5 (2 adults + 3 children) and I am wondering now whether the package I have accepted is going to be enough to live on in Perth, WA !
Working on the x2.2 rule, my current UK salary would equate to $107k.
I have accepted $110k which is inclusive of LAFHA so on the face of it, we should be slightly better off however, my question is how accurate is the x2.2 rule and is it a little conservative ?
Although, my cost of living calculations appear to be okay, I suppose my main concern is that we don't have enough money to live on when we arrive and get setup !
Thanks
Working on the x2.2 rule, my current UK salary would equate to $107k.
I have accepted $110k which is inclusive of LAFHA so on the face of it, we should be slightly better off however, my question is how accurate is the x2.2 rule and is it a little conservative ?
Although, my cost of living calculations appear to be okay, I suppose my main concern is that we don't have enough money to live on when we arrive and get setup !
Thanks
If there is only one of you working, a family trust is a great way to save on tax. You can disperse your income to all your family members and use their tax brackets! But this doesn't always work so check with a tax accountant for your personal situation
Cheers
Wayne