craigdianne

Hi to all !

We are currently starting out on the road to migrating to australia and would be gratefull for any advice, we have a question for now which is," as a percentage what should we be expecting to lose from a salary by way of tax and stoppages" We are just trying to get a handle on cost of living ect and how far earnings actually go in australia. we are not even sure where we will finally settle,partner is a nurse and at the moment the status is gathering all certificates ect for assesement.
we are coming from the UK,and have young son also,he is 13.

Thank you.

ABCDiamond

Some Examples of Tax calculations (at 2005/2006 rates) are:

$10,000 gross = $ 600 tax (ie: 6.0% of gross)

$15,000 gross = $1,350 tax (ie: 9.0% of gross)

$25,000 gross = $3,360 tax (ie: 13.4% of gross)

$35,000 gross = $6,360 tax (ie: 18.2% of gross)

$45,000 gross = $9,360 tax (ie: 20.8% of gross)

$55,000 gross = $12,960 tax (ie: 23.6% of gross)

$65,000 gross = $17,160 tax (ie: 26.4% of gross)

$75,000 gross = $21,360 tax (ie: 28.5% of gross)

$85,000 gross = $25,710 tax (ie: 30.2% of gross)

$100,000 gross = $32,760 tax (ie: 32.8% of gross)

$200,000 gross = $79,760 tax (ie: 39.9% of gross)



On top of these rates will be the 1.5% Medicare levy. If a single person earns more than $50,000, and DOES NOT HAVE private medical insurance, this will be increased to a 2.5% Medicare levy.

Tax

Jane and Russ Middleton

Hi and welcome,
do a search on 'whv and tax' as there has been a thread in the last couple of days and ABCdiamond has done a breakdown.....really helpfull
Jane

craigdianne

Thank you, so quick ! and V helpfull
Craig.

Luma

Have you gone through some of the useful information in the permanent thread at the top of this forum
READ ME: Useful Australian Links, Top Tips & To Do List

trejon

This should help you. Staright from the Aus Tax site.

http://www.ato.gov.au/individuals/co...u=5053&mfp=001

craigdianne

Thank you everyone thats answered,i have the information I required on the tax front !.

Craig.