Damson

After receiving another directive telling us how the government will be stuffing us with our pensions (yep, changing the rules to suit themselves again) my OH is really starting to see red. The government seem to be dreaming up ways of taxing us to within an inch of our lives all the time. VAT returning to 17.5% soon, 2p just gone on petrol along with talk of hefty changes to council tax, including paying more if you've got a garage or a good view! Management Consultants have this week recommended that 1 in 10 of NHS staff lose their jobs. Let's face it, the UK finances are in dire straits and the government has to try to recoup some of it I know. We run a very small business and all we seem to do is write cheques to HMRC which is sole destroying, especially after working so hard for it.

So, just wondering, do you find that you are paying more tax in Aus, about the same or less, and if so, where are the differences?

ABCDiamond

A difference from a business perspective:

NHI employer contribution, basically nothing to pay here, other than the 9% superannuation for the employee. Large companies have a payroll tax, but small payroll sizes don't.


Personal Tax
Income tax and NHI / Medicare is lower for low paid, but a bit higher for high paid, in Australia.

More personal tax deductions are available in Australia for standard tax payers to help in getting a tax rebate every year. Effectively no tax for those earning under $15,000 per year

GST at 10%