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Got an offer, comment please?

Got an offer, comment please?

Old Aug 12th 2008, 2:58 pm
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Default Got an offer, comment please?

Hi there,

I've just received an offer!!!! Yeah!!! Could I gather information from anyone here and see if it's alright.

Basic salary incl superannuation $75000. I think the contribution for it is 9% hence I will get $68250. 20 days annual leave, medicare and life insurance paid for. Probational period of 6 month. $2000 relocation fees, 2 flight tickets.

I will be getting LAFHA but I have no idea what figure I'm looking at per month. I'm trying to work out how much income per week after tax I will be getting but it seems too complicated to work out.

Can someone contribute some idea pleaseeeeee? Or perhaps give me some break down figure?

Thank you soooo much!!!

DaN
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Old Aug 12th 2008, 3:27 pm
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Default Re: Got an offer, comment please?

Congratulations! I can't answer your questions but was curious - what job do you do?
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Old Aug 12th 2008, 3:37 pm
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Default Re: Got an offer, comment please?

Originally Posted by Flan
Congratulations! I can't answer your questions but was curious - what job do you do?
I'm a structural engineer with 5 yrs experience in UK.
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Old Aug 12th 2008, 6:03 pm
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Default Re: Got an offer, comment please?

It may depend on where you will be living, Perth and Sydney can be expensive, do you have dependents, will you be the only earner in your family?

I am hoping to earn about $45,000, i have no children and both myself and the OH will work. So i will be happy with that, there are lots of factors to take into account

You may need to give more info

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Old Aug 12th 2008, 6:20 pm
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Default Re: Got an offer, comment please?

Originally Posted by daniel0331
Hi there,

I've just received an offer!!!! Yeah!!! Could I gather information from anyone here and see if it's alright.

Basic salary incl superannuation $75000. I think the contribution for it is 9% hence I will get $68250. 20 days annual leave, medicare and life insurance paid for. Probational period of 6 month. $2000 relocation fees, 2 flight tickets.

I will be getting LAFHA but I have no idea what figure I'm looking at per month. I'm trying to work out how much income per week after tax I will be getting but it seems too complicated to work out.

Can someone contribute some idea pleaseeeeee? Or perhaps give me some break down figure?

Thank you soooo much!!!

DaN
'Wages Question how much pie is mine '
This thread is on page 3 for some ideas.
The 9% super contribution is paid by your employer.
Seems like you have a very good deal, lucky you.
Cheers,
Dennis
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Old Aug 12th 2008, 8:13 pm
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Default Re: Got an offer, comment please?

Originally Posted by denkar101
'Wages Question how much pie is mine '
This thread is on page 3 for some ideas.
The 9% super contribution is paid by your employer.
Seems like you have a very good deal, lucky you.
Cheers,
Dennis
there you go I just updated it to fancy that

http://britishexpats.com/forum/showt...69#post6673269


I calculate you get about 4500 into the hand a week , however I could be wrong
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Old Aug 12th 2008, 9:00 pm
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Default Re: Got an offer, comment please?

Originally Posted by Zambia
there you go I just updated it to fancy that

http://britishexpats.com/forum/showt...69#post6673269


I calculate you get about 4500 into the hand a week , however I could be wrong
What on $75K a year?

If so way off, nearer $2K a fortnight, without taking into account the LAFHA.

Last edited by spartacus; Aug 12th 2008 at 9:14 pm.
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Old Aug 12th 2008, 9:04 pm
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Default Re: Got an offer, comment please?

Originally Posted by daniel0331
Hi there,

I've just received an offer!!!! Yeah!!! Could I gather information from anyone here and see if it's alright.

Basic salary incl superannuation $75000. I think the contribution for it is 9% hence I will get $68250. 20 days annual leave, medicare and life insurance paid for. Probational period of 6 month. $2000 relocation fees, 2 flight tickets.

I will be getting LAFHA but I have no idea what figure I'm looking at per month. I'm trying to work out how much income per week after tax I will be getting but it seems too complicated to work out.

Can someone contribute some idea pleaseeeeee? Or perhaps give me some break down figure?

Thank you soooo much!!!

DaN
Not wanting to p*ss on your fireworks, but $75K isn't too good to be honest. Think they may be taking you for a ride. I'm not saying 75K isn't a liveable amount of money, dependent on your circumstances it may well be, its more to do with what's the going rate. Also six months probation is unusual, but perhaps that to do with the sponsorship process.

I know of a civil guy (transport), offered $120K plus relocation costs from UK and four weeks accomadation costs upon arrival (no visa as he's an ozzie) in Brisbane, similar amount of experience. PM me for details.

Last edited by spartacus; Aug 12th 2008 at 10:24 pm.
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Old Aug 12th 2008, 9:26 pm
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Default Re: Got an offer, comment please?

Originally Posted by spartacus
What on $75K a year?

If so way off, nearer $2K a fortnight, without taking into account the LAFHA.

LAFHA = What ???
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Old Aug 12th 2008, 9:37 pm
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Default Re: Got an offer, comment please?

Originally Posted by Zambia
LAFHA = What ???
Living Away From Home Allowance.

Only for those on 457s (I think). A tax break from the oz gov for those who are required to work away from their normal place of living. Available to oz citizens, not just those migrating. Don't know how the numbers are worked out exactly.
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Old Aug 12th 2008, 10:01 pm
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Default Re: Got an offer, comment please?

Originally Posted by spartacus
Living Away From Home Allowance.

Only for those on 457s (I think). A tax break from the oz gov for those who are required to work away from their normal place of living. Available to oz citizens, not just those migrating. Don't know how the numbers are worked out exactly.
I see I dont calculate that.

However here is where my 4500 figure comes from

Wages dropping Tax Paid Rate%
Initial Wage 75000
Medicare 73875.00 1125 1.5
Super 67125.00 6750 9
Tax bracket 1 67125.00 0 0
Tax bracket 2 62925.15 4199.85 15
Tax bracket 3 54247.91 8677.25 30
Results check 54247.91 20752.095 75000.00

Total After Tax 54247.91
Total Tax 20752.095

Total Monthly 4520.65875
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Old Aug 12th 2008, 10:12 pm
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Default Re: Got an offer, comment please?

Originally Posted by Zambia
I see I dont calculate that.

However here is where my 4500 figure comes from

Wages dropping Tax Paid Rate%
Initial Wage 75000
Medicare 73875.00 1125 1.5
Super 67125.00 6750 9
Tax bracket 1 67125.00 0 0
Tax bracket 2 62925.15 4199.85 15
Tax bracket 3 54247.91 8677.25 30
Results check 54247.91 20752.095 75000.00

Total After Tax 54247.91
Total Tax 20752.095

Total Monthly 4520.65875
That's spot on. In your original post you said 4500 a week!
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Old Aug 12th 2008, 10:14 pm
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Default Re: Got an offer, comment please?

Originally Posted by spartacus
That's spot on. In your original post you said 4500 a week!
So I did my apologies .....
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Old Aug 12th 2008, 10:17 pm
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Default Re: Got an offer, comment please?

Here :-

http://calculators.ato.gov.au/script...xcalc/main.asp

is the ATO ( Australian Tax Office ) calculator, just enter your salary in the calculator as though you had been in Ausa for a full year.
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Old Aug 12th 2008, 10:31 pm
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Default Re: Got an offer, comment please?

Originally Posted by windog
Here :-

http://calculators.ato.gov.au/script...xcalc/main.asp

is the ATO ( Australian Tax Office ) calculator, just enter your salary in the calculator as though you had been in Ausa for a full year.
Hmm thats usefull , need to see if i can figure out how they work the brackets as the calculater does not tell me ...
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