Kennethb

Have gone for a job in Sydney and looks like I might get it but I do have a loan in the UK has anyone moved over to OZ with a loan or left it in the UK.

Reason for me asking is I was planning to move to Oz in a few years time with said loan paid off but saw a job offer that I could not ignore but now a little concerned if I can move the loan.

Pollyana

Don't bother moving it, set up internet banking and pay your loan off from Aus.

Kennethb

I was looking at doing it that way it just looked cheaper with the rates in OZ being around 14 percent. Thanks

themerlin

Yes as the rates a high over here !

Kennethb

Is it easy keeping a account open in the UK as i will no longer be living there?

DrWho

Yes, just about everyone over here does it...

Kennethb

Cool then thats the way to do it thanks, thats a load off my mind

Kennethb

I know this is a little off subject but can anyone help me work out the monthly take home out of $100,000 per year???

goldchoccycoin

Assuming you get paid $3846 per fortnight (gross) you would earn $2743 per fortnight take-home (or $1371.50 per week) assuming no extras taken from tax etc. See http://www.ato.gov.au/scripts/taxcalc/calculate_tax.asp

DrWho

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

It's a starting point...

Kennethb

I have look at these but starts to i start to get a little confussed i think i worked it out to be a monthly take home of $5500 does this sound about right?

NickyC

This one's a bit quicker and includes the Medicare Levy :

http://www.ato.gov.au/scripts/taxcal...ndard_hire.asp

Vim Fuego

Yup.

Kennethb

To work out the gross monthly i just divide 100000 by 12 giving me a gross 8333 is that correct?

Doing that a get around $5900 sounds ok is that good for sydney?

NickyC

Yes. The tax you'd pay on that is $2388, giving you a net of $5945.