Australias new tax rates from july 1 2006
May 10th 2006, 7:40 am
#46
ah-beng
Joined: Aug 2004
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Re: Australias new tax rates from july 1 2006
[QUOTE=Ray51]
do you mean hardly any decent motorways across the outback ? cos in the urban areas they seem ok 4 lanes in fact. no-one wants to drive across the outback and if they did make it motorways in the outback then it'd make it harder for the lone psycho unibomber nutcases who inhabit the outback to get their roadkill brunch and catch tourists for sado-masochistic torture/murder.
Originally Posted by Amazulu
Australia's infrastructure is about right for the size of it's population...
A brave statement , for a country with no fast trains and hardly any decent motorways ?
A brave statement , for a country with no fast trains and hardly any decent motorways ?
May 10th 2006, 7:41 am
#47
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: Australias new tax rates from july 1 2006
[QUOTE=Ray51][QUOTE=Cosh Fulton]
Aeroplanes are faster than trains and boats.
...and much less : user-frendly , civilised and comfortable.
only in economy
Originally Posted by Ray51
Aeroplanes are faster than trains and boats.
...and much less : user-frendly , civilised and comfortable.
May 10th 2006, 7:56 am
#48
Lost in BE Cyberspace
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Re: Australias new tax rates from july 1 2006
Originally Posted by Amazulu
Superannuation is a good system but there are good super funds & there are bad super funds & then there are downright crap super funds. Anyone who pays NI for a certain length of time (not sure what it is) is entitled to a state pension.
May 10th 2006, 9:00 am
#49
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Re: Australias new tax rates from july 1 2006
Originally Posted by Vash the Stampede
A few points...
I'm not a UK citizen, so I get no benefit from the pension component of my NI. That's just money down the drain, as far as I'm concerned.
I'm not a UK citizen, so I get no benefit from the pension component of my NI. That's just money down the drain, as far as I'm concerned.
Should you leave the UK, then as long as you make up your pension shortfall to reach the minimum no of 11 qualifying years for a man, then you'l bee entitled to a pension at retirement.
You can make these contribitions from abroad as class 2 or 3 NI.
Don't take my word for it...phone up the Department of Work and Pensions.
Regards
TC
May 10th 2006, 9:15 am
#50
Lost in BE Cyberspace
Thread Starter
Joined: Apr 2004
Posts: 10,375
Re: Australias new tax rates from july 1 2006
Originally Posted by Amazulu
Superannuation is a good system but there are good super funds & there are bad super funds & then there are downright crap super funds. Anyone who pays NI for a certain length of time (not sure what it is) is entitled to a state pension.
May 10th 2006, 9:16 am
#51
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Re: Australias new tax rates from july 1 2006
Originally Posted by Vash the Stampede
Good point. My super scheme with Post was protected against loss by the government, so that was a real bonus.
But will I get that state pension - or at least part of it - when I go back home?
I'm guessing the answer is "No."
But will I get that state pension - or at least part of it - when I go back home?
I'm guessing the answer is "No."
When I was in Oz I paid way too much tax for so-called public servants that "worked" short hours.
Oh, and my taxes protected your pension and those with protected jobs.
Looks like we're even.
May 10th 2006, 9:35 am
#52
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Re: Australias new tax rates from july 1 2006
Originally Posted by Vash the Stampede
A few points...
I'm not a UK citizen, so I get no benefit from the pension component of my NI. That's just money down the drain, as far as I'm concerned.
The 9% super is paid by the employer, not the employee. Employees are only required to pay 2%. They can choose to pay more - and if they choose to do so, their employer must match these additional payments up to 5% (or thereabouts.) This results in a compound effect which benefits the employee tremendously.
So in actual terms, that 9% should be revised to 2% - which is a lot cheaper than the UK. And when you take into account the high threshold of the Medicare Levy Surcharge (which the majority of Australians will not pay at all) it looks even better.
Back home, when I worked for Australia Post, I received 14.5% super - of which only 2% came out of my salary. The rest was paid by Post. I'd call that a pretty good deal. It certainly beats the hell out my current situation here in the UK.
Super is much better value than a state pension. You need look no further than the current UK pension crisis to realise that this is another case of "money down the drain" from an NI perspective.
I was horrified when I came to the UK and discovered that superannuation is virtually unheard of over here.
I have since set up a private pension scheme with HSBC, but it's still not as good as my superannuation back home.
I'm not a UK citizen, so I get no benefit from the pension component of my NI. That's just money down the drain, as far as I'm concerned.
The 9% super is paid by the employer, not the employee. Employees are only required to pay 2%. They can choose to pay more - and if they choose to do so, their employer must match these additional payments up to 5% (or thereabouts.) This results in a compound effect which benefits the employee tremendously.
So in actual terms, that 9% should be revised to 2% - which is a lot cheaper than the UK. And when you take into account the high threshold of the Medicare Levy Surcharge (which the majority of Australians will not pay at all) it looks even better.
Back home, when I worked for Australia Post, I received 14.5% super - of which only 2% came out of my salary. The rest was paid by Post. I'd call that a pretty good deal. It certainly beats the hell out my current situation here in the UK.
Super is much better value than a state pension. You need look no further than the current UK pension crisis to realise that this is another case of "money down the drain" from an NI perspective.
I was horrified when I came to the UK and discovered that superannuation is virtually unheard of over here.
I have since set up a private pension scheme with HSBC, but it's still not as good as my superannuation back home.
Vash you're starting to epitomise the whinging Pom attitude so disliked in Australia. But you're doing it the other way round.
Why don't you just go home if you don't like it here? I just don't get it. When I go to Aus if I find myself on here stating how much things are better back home in UK I'll just come back. I cannot fathom why you live in a country you think you know everything about but appear to intensely dislike it?
May 10th 2006, 9:44 am
#53
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Re: Australias new tax rates from july 1 2006
Originally Posted by Australia_bound?
Vash you're starting to epitomise the whinging Pom attitude so disliked in Australia. But you're doing it the other way round.
Why don't you just go home if you don't like it here? I just don't get it. When I go to Aus if I find myself on here stating how much things are better back home in UK I'll just come back. I cannot fathom why you live in a country you think you know everything about but appear to intensely dislike it?
Why don't you just go home if you don't like it here? I just don't get it. When I go to Aus if I find myself on here stating how much things are better back home in UK I'll just come back. I cannot fathom why you live in a country you think you know everything about but appear to intensely dislike it?
I disagree.
He's only comparing...not whinging...and if this website isn't the place to do it....then where is?
We all compare from time to time. If nobody compared, then how would people make a decision on whether to emigrate or not?
May 10th 2006, 9:50 am
#54
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: Australias new tax rates from july 1 2006
Originally Posted by tygwyn
Thanks for posting this. Dont suppose you know (or anyone else) what the current levels are do you? I want to work out how much better off we're gonna be! 
Cheers
Rach xxxx
Cheers
Rach xxxx
May 10th 2006, 10:00 am
#55
Lost in BE Cyberspace
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Posts: 9,397
Re: Australias new tax rates from july 1 2006
Originally Posted by Australia_bound?
Vash you're starting to epitomise the whinging Pom attitude so disliked in Australia. But you're doing it the other way round.
Why don't you just go home if you don't like it here? I just don't get it. When I go to Aus if I find myself on here stating how much things are better back home in UK I'll just come back. I cannot fathom why you live in a country you think you know everything about but appear to intensely dislike it?
Why don't you just go home if you don't like it here? I just don't get it. When I go to Aus if I find myself on here stating how much things are better back home in UK I'll just come back. I cannot fathom why you live in a country you think you know everything about but appear to intensely dislike it?
Thank God that some people can give honestly held opinions about their adopted country.
There must be other forums where you can keep rose tinted specs on but in this one - keep all sides of the arguments going, please!
May 10th 2006, 10:01 am
#56
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Re: Australias new tax rates from july 1 2006
Originally Posted by wmoore
On the TV they said someone on $25,000 would be $1,000 per year better off, $50,000 would get $500 and $150,000 would get $6,000. Which means the middle-income guy is getting jibbed
Someone who is earning $150,000 a year is not gettign 'jibbed'. They were getting well and truly 'jibbed' before these reform and will be getting a little less 'jibbed' now.
These reforms are addressing the issue....and that is that before the reforms there was not too much of an incentive of Ozzies to better their pay....becuase of fear of getting 'jibbed'...sorry to say it mate..but your view is a prime example of whats been wrong in Oz.
Now people can do their best, encourage their kids to study and earn more etc..as their is less 'jibbing' going on the more you earn.
ps...where does the word jibbed originate from?
TC
May 10th 2006, 10:02 am
#57
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Re: Australias new tax rates from july 1 2006
Originally Posted by Wol
What on earth?
Thank God that some people can give honestly held opinions about their adopted country.
There must be other forums where you can keep rose tinted specs on but in this one - keep all sides of the arguments going, please!
Thank God that some people can give honestly held opinions about their adopted country.
There must be other forums where you can keep rose tinted specs on but in this one - keep all sides of the arguments going, please!
eggsatley
May 10th 2006, 10:09 am
#58
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: Australias new tax rates from july 1 2006
Originally Posted by touchingcloth
Someone who is earning $150,000 a year is not gettign 'jibbed'. They were getting well and truly 'jibbed' before these reform and will be getting a little less 'jibbed' now.
May 10th 2006, 10:14 am
#59
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Re: Australias new tax rates from july 1 2006
Originally Posted by wmoore
In my book someone on $150,000 is a high income earner. Certainly I'm on less than half that and I'm the kind of 'middle-income' earner I was talking about.
(disclaimer...I'm not referring to u as a ponce and I should be earning around $60K in Oz)
TC
May 10th 2006, 10:16 am
#60
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: Australias new tax rates from july 1 2006
Originally Posted by touchingcloth
In my book...a doctor earning $150,000 a year is good value compared to some of these ponces in offices who earn half that but still believe that they should earn more because they 'do such stressful jobs' such as punching numbers into a spreadsheet.
(disclaimer...I'm not referring to u as a ponce and I should be earning around $60K in Oz)
TC
(disclaimer...I'm not referring to u as a ponce and I should be earning around $60K in Oz)
TC
).