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

Re: Got an offer, comment please?
 

Congratulations! I can't answer your questions but was curious - what job do you do?

Re: Got an offer, comment please?
 

I'm a structural engineer with 5 yrs experience in UK.

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 :thumbsup:

minibelle

Re: Got an offer, comment please?
 

'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

Re: Got an offer, comment please?
 

there you go I just updated it to fancy that

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

I calculate you get about 4500 into the hand a week , however I could be wrong

Re: Got an offer, comment please?
 

What on $75K a year?

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

Re: Got an offer, comment please?
 

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.

Re: Got an offer, comment please?
 

LAFHA = What ???:(

Re: Got an offer, comment please?
 

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.

Re: Got an offer, comment please?
 

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

Re: Got an offer, comment please?
 

That's spot on. In your original post you said 4500 a week!

Re: Got an offer, comment please?
 

So I did :eek: my apologies .....:o

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.

Re: Got an offer, comment please?
 

Hmm thats usefull , need to see if i can figure out how they work the brackets as the calculater does not tell me ...:mad:

Re: Got an offer, comment please?
 

They are on the same site somewhere! Link back to the ATO home page & you should be able to find them

Re: Got an offer, comment please?
 

I would say that they are offering you the bottom end of the salary scale. I am actually doing a comparison in the construction industry at the moment, and that is very low. Bearing in mind there is a huge shortage over here for skilled people (and I mean huge- what sector you in?). The relocation package is low. Are they paying accom, hire car etc on top of this? They have also got you on a 6mth probationary period, is this tied into anything else in your contract?

Re: Got an offer, comment please?
 

The market rate for a structural engineer in Australia ranges from $45,000 - $135,000 depending on experience and the location of the job.

Re: Got an offer, comment please?
 

$120k??? That's a huge difference!!! I pressume he probably got more experience than me???

I'm relocating to Melbourne.

Re: Got an offer, comment please?
 

Brilliant!!! Cheers for that. Just wondering where did you worked out from? Website? Excel?

Re: Got an offer, comment please?
 

Is this low? Bottom end? I'm structural engineer relocating to Melbourne. 4 years experience in buildings and 1 year in bridges.

I haven't got any OZ experience tho... Only relocation fees, no hired car, but 2 flight tickets and 2 weeks accommodation included when I arrived. Does this considered a good relocation package then?

Probation of 6 months is for me to familiarise myself with the oz standards before promoting.

Re: Got an offer, comment please?
 

I would more than double your relocation package, and accomodation allowance. For a general salary guide have a look at http://au.hudson.com/node.asp?kwd=salary-guides

I would seriously review your package :thumbup: try a few other big construction companies and see what they come back with... Also rail people are demanding a lot more than people with no rail experience.

Re: Got an offer, comment please?
 

To OP: You'll get a lot more that $4,500 pe rmonth once you add in LAFHA. For a single guy in Melbourne LAFHA would be around $29,300 per year. Have a look here: http://www.payme.com.au/living-away-...nce-lafha.html

Scroll down for the LAFHA allowances. LAFHA reduces your taxable salary, i.e. you end up with a considerably higher net salary. If your LAFHA was $29,300 your annual tax bill would only be $8,310.

Gina

Re: Got an offer, comment please?
 

Hhhmmm.... can anyone share any best relocation package they've came across?

Re: Got an offer, comment please?
 

Thanks for your reply!

So I pressume the employer will calculate the amount of LAFHA for me as a single person?

Re: Got an offer, comment please?
 

I would certainly expect a structural engineer in Perth, even with 5 years experience, to be earning more than $75K a year.

I would start looking at the jobs in WA in your area, I would think you could improve on that easily.

Re: Got an offer, comment please?
 

As a few others have said, $75K doesn't sound much for that sort of role in the current Australian market. Admittedly I am in Perth where there is a huge boom but I would have thought you could nearly double that here. Even if you are set on Melbourne, the willingness of people to follow the $ should mean a lot more than that.

Be wary of recruitment agencies. One tried to tell me I was only worth $60K before I had my visa but I found my own job once here and started on $80K and quickly improved markedly on that.

Re: Got an offer, comment please?
 

Yes a huge difference and no more experience than yourself.

Don't get too hung up on relocation packages as a single person. Looking at what they're currently offering you, they've taken all the costs of relocating you off your salary, and then some.

Re: Got an offer, comment please?
 

Well for a better calculation use the calculator wendy posted. this is just something i am mucking about in Excell with. Its a bit of a dog with a bone thing:unsure:

http://www.ato.gov.au/scripts/taxcalc/calculate_tax.asp