Salary & taxes
#1
Forum Regular
Thread Starter
Joined: May 2002
Posts: 97
Salary & taxes
I am currently looking for work in Perth before I go out there to live shortly. I remember a thread from a while ago about how companies advertise their wages and some provide gross figures and others after certain taxes are taken off. I have tried a search on the forum but cant find it!!
Can anyone shed any light on this and maybe point out any pitfalls to be aware of?
Also, is there a rough figure I can use to convert gross salary to what you'll take home after income tax etc? Not too concerned about detail but is it 50%, 40% etc etc
Thanks in advance
Can anyone shed any light on this and maybe point out any pitfalls to be aware of?
Also, is there a rough figure I can use to convert gross salary to what you'll take home after income tax etc? Not too concerned about detail but is it 50%, 40% etc etc
Thanks in advance
#2
Senior member
Joined: Sep 2002
Location: Paris
Posts: 835
Re: Salary & taxes
Originally posted by mandandbri
I am currently looking for work in Perth before I go out there to live shortly. I remember a thread from a while ago about how companies advertise their wages and some provide gross figures and others after certain taxes are taken off. I have tried a search on the forum but cant find it!!
Can anyone shed any light on this and maybe point out any pitfalls to be aware of?
Also, is there a rough figure I can use to convert gross salary to what you'll take home after income tax etc? Not too concerned about detail but is it 50%, 40% etc etc
Thanks in advance
I am currently looking for work in Perth before I go out there to live shortly. I remember a thread from a while ago about how companies advertise their wages and some provide gross figures and others after certain taxes are taken off. I have tried a search on the forum but cant find it!!
Can anyone shed any light on this and maybe point out any pitfalls to be aware of?
Also, is there a rough figure I can use to convert gross salary to what you'll take home after income tax etc? Not too concerned about detail but is it 50%, 40% etc etc
Thanks in advance
Just be look out for 'including super' or 'plus super'.
#3
Also watch out for the general term 'benefits' the job may include medical and other such perks and sometimes they include this in the advertised salary. Obviously all perks but the cost difference on real gross can make a difference between one job and another.
For calculating net salary try here
http://www.ato.gov.au/scripts/taxcal...ndard_hire.asp
as the bandings for tax in Aus make a simple % calculation difficult.
Cheers
For calculating net salary try here
http://www.ato.gov.au/scripts/taxcal...ndard_hire.asp
as the bandings for tax in Aus make a simple % calculation difficult.
Cheers