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Tax deductions in Australia

Tax deductions in Australia

Old Jun 2nd 2019, 12:55 pm
  #1  
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Default Tax deductions in Australia

Hi all,

I was wondering if anyone could help me? I am extremely confused and worried. I move to Australia next week and am trying to work out my monthly take home salary. I thought I knew what it was but reading a document provided by the Government has thrown me...

I am on a 482 4-Year Temporary Visa. Does this mean I am eligible for the tax free threshold or not? I am a British Citizen if that makes any difference?

Thanks in advance
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Old Jun 3rd 2019, 7:47 am
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Default Re: Tax deductions in Australia

You will be considered a resident for tax purposes so use the calculator on the ATO website to work out your take home pay on that basis.
you will need to know if your salary includes super or if this is additional.

The Medicare levy is only applicable if you earn over a certain amount. It should be all on the ATO site.
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Old Jun 3rd 2019, 8:06 am
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Default Re: Tax deductions in Australia

Originally Posted by Molboro View Post
Hi all,

I was wondering if anyone could help me? I am extremely confused and worried. I move to Australia next week and am trying to work out my monthly take home salary. I thought I knew what it was but reading a document provided by the Government has thrown me...

I am on a 482 4-Year Temporary Visa. Does this mean I am eligible for the tax free threshold or not? I am a British Citizen if that makes any difference?

Thanks in advance
I think you'll be treated as an Australian tax resident

This is an excellent calculator:
https://www.paycalculator.com.au/

Taxes should be coming down over the next few years as well if our new government can get the legislation through the senate in the next couple of months
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Old Jun 7th 2019, 5:19 am
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Default Re: Tax deductions in Australia

Originally Posted by Molboro View Post
Hi all,

I was wondering if anyone could help me? I am extremely confused and worried. I move to Australia next week and am trying to work out my monthly take home salary. I thought I knew what it was but reading a document provided by the Government has thrown me...

I am on a 482 4-Year Temporary Visa. Does this mean I am eligible for the tax free threshold or not? I am a British Citizen if that makes any difference?

Thanks in advance
Something else to be aware of, as you're on a temporary visa you can, on your departure from Australia, receive all the superannuation your employer has paid into your super account. Permanent residents and citizens need to wait until they reach their qualifying age unless they can meet the very strict criteria for early withdrawal.
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Old Jun 7th 2019, 7:29 pm
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Default Re: Tax deductions in Australia

Originally Posted by spouse of scouse View Post
Something else to be aware of, as you're on a temporary visa you can, on your departure from Australia, receive all the superannuation your employer has paid into your super account. Permanent residents and citizens need to wait until they reach their qualifying age unless they can meet the very strict criteria for early withdrawal.
and pay a hefty tax on it
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Old Jun 8th 2019, 3:42 am
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Default Re: Tax deductions in Australia

Originally Posted by shaunfreo View Post

and pay a hefty tax on it
You do have the option of leaving the funds in your super account until you reach the qualifying age for tax free withdrawal, which are the same conditions that apply to Oz citizens.



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Old Jun 8th 2019, 4:16 am
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Default Re: Tax deductions in Australia

Originally Posted by spouse of scouse View Post
You do have the option of leaving the funds in your super account until you reach the qualifying age for tax free withdrawal, which are the same conditions that apply to Oz citizens.
but HMRC will tax it as income if you are in the UK. only tax free in Australia.
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Old Jun 8th 2019, 4:41 am
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Default Re: Tax deductions in Australia

One thing to make sure you're clear on (and hopefully have done so by this late stage) is whether the salary you have agreed is before or inclusive of Superannuation. Some employers try to make their offers more attractive by not being clear that it is included.
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