Advice on getting salary from the UK?
Dec 10th 2003, 8:17 pm
#1
Just Joined
Thread Starter
Joined: Dec 2003
Location: Sydney
Posts: 2
Advice on getting salary from the UK?
Hello fellow expats, this is the first time I've found this forum.
I've been working here in Australia since January but I'm still employed and paid by a company in the UK.
I get my salary into a bank account in the UK and transfer it here. With charts of the Australian dollar looking like the north face of Everest at the moment, does anyone have any advice on what I can do to mitigate losing any more of my salary with each passing month?
Is anyone else here in a similar boat, and do I just have to ride it out and hope that the dollar starts to fall again?
Many thanks
Jonathan Smith
I've been working here in Australia since January but I'm still employed and paid by a company in the UK.
I get my salary into a bank account in the UK and transfer it here. With charts of the Australian dollar looking like the north face of Everest at the moment, does anyone have any advice on what I can do to mitigate losing any more of my salary with each passing month?
Is anyone else here in a similar boat, and do I just have to ride it out and hope that the dollar starts to fall again?
Many thanks
Jonathan Smith
Dec 10th 2003, 9:34 pm
#2
BE Enthusiast
Joined: Sep 2003
Location: Banks Peninsula, SI, NZ
Posts: 373
If the company employing you doesn't have a branch in Oz, you are probably stuffed and have to take it in GBP.
Somebody has to take the hit on the FX rates and presumably they don't have a treasury dept. hedging CCY fluctuations, so it will be you.
If they do have a branch in OZ, get them to agree a salary and pay you in AUD.
Maybe you could consider talking to them about a re-adjustment of you salary term due to the changing FX rate. However, they are still going to pay you in GBP and to them would simply be a salary increase/review.
Somebody has to take the hit on the FX rates and presumably they don't have a treasury dept. hedging CCY fluctuations, so it will be you.
If they do have a branch in OZ, get them to agree a salary and pay you in AUD.
Maybe you could consider talking to them about a re-adjustment of you salary term due to the changing FX rate. However, they are still going to pay you in GBP and to them would simply be a salary increase/review.
Dec 11th 2003, 10:01 am
#3
Forum Regular
Joined: May 2003
Posts: 240
Re: Advice on getting salary from the UK?
Originally posted by Plessiez
Hello fellow expats, this is the first time I've found this forum.
I've been working here in Australia since January but I'm still employed and paid by a company in the UK.
I get my salary into a bank account in the UK and transfer it here. With charts of the Australian dollar looking like the north face of Everest at the moment, does anyone have any advice on what I can do to mitigate losing any more of my salary with each passing month?
Is anyone else here in a similar boat, and do I just have to ride it out and hope that the dollar starts to fall again?
Many thanks
Jonathan Smith
Hello fellow expats, this is the first time I've found this forum.
I've been working here in Australia since January but I'm still employed and paid by a company in the UK.
I get my salary into a bank account in the UK and transfer it here. With charts of the Australian dollar looking like the north face of Everest at the moment, does anyone have any advice on what I can do to mitigate losing any more of my salary with each passing month?
Is anyone else here in a similar boat, and do I just have to ride it out and hope that the dollar starts to fall again?
Many thanks
Jonathan Smith
Dec 11th 2003, 10:25 am
#4
BE Enthusiast
Joined: Sep 2002
Location: Mornington, Melbourne
Posts: 419
I agree, if your being paid the same salary as you were in the UK, then your probably doing OK. In the long term the UK pound will fair better than the ozzie dollar.
