BecciJ

Hi all!

I am on a 457 visa & my employers have said that they will pay this allowance, but that i have to get an eligibility assessment to give them. The cost of this assessment being around $2200

Sooo, i've been trying to work out roughly how much i will save... Any second opinions would be great

My salary is $47,500 (without super) pa, $3958.33 pm. There will be 2 of us moving out to Oz.

Meal component according to ATO is $330 pw for 2 adults. Rent will be about $250pw based on lets i've seen, which totals $580pw, $2320pm tax free.

Working on 30% tax for the rest of my salary this will make my take home approx $3466.33 with LAFHA, whereas without it'd be $2770.83, therefore saving me £656 a month...

Is this correct?!

Wendy&Mike

I can't comment on the LAFHA, but $2200 for an eligibility assessment just seems like a rip off.

Mike.
Edit, I recently posted a spreadsheet on this thread that calculates take home pay from taxable pay. You may find it useful.

BecciJ

My thoughts exactly! That was quoted by the firm that my employer recommended though, so i expect i will find a cheaper price elsewhere. But having said that i don't know if my employer will accept another firm's assessment?! Arggghhhhh!!

Becci

DimWit17

From what I know, as a 457 visa holder, there is minimum taxable salary you must have. I think the figure is approximately $42000. I could be wrong but do check with someone or read on the Australian taxation website.