what is considered a good wage?
#16
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Joined: Jul 2003
Location: Cairns
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Re: what is considered a good wage?
P.S have given you your first blue box!!!
#17
Re: what is considered a good wage?
Originally Posted by steandleigh
A $100,000 sounds ok to me. Ours is $180,000.
Last edited by cadman; Aug 1st 2005 at 10:31 am.
#18
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Re: what is considered a good wage?
Originally Posted by ABCDiamond
.......and the Australian average is $1044.10 (full time adult total earnings) ($54,293pa)
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
Last edited by Phoenixuk2oz; Aug 1st 2005 at 10:37 am.
#19
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Re: what is considered a good wage?
Originally Posted by Phoenixuk2oz
And don't forget to factor in Tax rate ABCD
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
If you are paying almost half in tax, maybe someone should look at your tax return Seriously...
#20
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Joined: Jul 2003
Location: Cairns
Posts: 3,918
Re: what is considered a good wage?
Originally Posted by cadman
I'm assuming mortgage not wage Leigh?
(And if our wage was $18,000, God knows we'd struggle, but we'd still be here).
It's not what you've got but what you do with what you've got....
#21
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Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Re: what is considered a good wage?
Originally Posted by Phoenixuk2oz
And don't forget to factor in Tax rate ABCD
I pay 48% so basically half my wage goes on tax
I pay 48% so basically half my wage goes on tax
Not on your whole wage.
#22
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Re: what is considered a good wage?
Originally Posted by ABCDiamond
Tax ? What's that
If you are paying almost half in tax, maybe someone should look at your tax return Seriously...
If you are paying almost half in tax, maybe someone should look at your tax return Seriously...
Naffed off cos I can't even claim daily road toll back.
Costs me nearly $25 a week to get to bloody work
#23
Re: what is considered a good wage?
Originally Posted by Phoenixuk2oz
And don't forget to factor in Tax rate ABCD
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
http://www.ato.gov.au/individuals/co...u=5053&mfp=001
From what I can see even though the top tax % is 47%, you actually pay less tax than in the UK on the same salary because the tax increases up to 47% happens much higher up the pay scale. So you will end up paying less tax. For example if you make $95,000 you will pay $28,200 tax. Then you pay 47c for each $1 over $95,000. So if you earned £115,000 pa you would pay $28,2000 plus another $9,000 give or take and then medicare etc...
Hope this makes sense, I am sure someone else could explain it better.
Cheers
#24
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Re: what is considered a good wage?
Originally Posted by Ninijon
Hope this makes sense, I am sure someone else could explain it better.
Cheers
Cheers
Australian $50,000 gross pays $11,922 in Tax & Med = 23.84%
UK on £26,000 gross pays £ 6,773 in Tax & NI = 26.1%
Australian $75,000 gross pays $22,087 in Tax & Med = 29.45%
UK on £39,000 gross pays £10,849 in Tax & NI = 27.8%
Australian $100,000 gross pays $34,212 in Tax & Med = 34.21%
UK on £52,000 gross pays £16,179 in Tax & NI = 31.1%
Australian $150,000 gross pays $58,462 in Tax & Med = 38.97%
UK on £78,000 gross pays £26,839 in Tax & NI = 34.4%
The figures are done as approximate multiples of each countries average wage, so that they are comparable salaries/tax etc at each group.
UK rates obtained from http://www.nigelbourke.co.uk/calcula...cometaxni.html
I don't know how much the UK earner gets on top of the basic salary as compulory super, but the Australian receives an extra 9% on top of the figures above.
#25
Re: what is considered a good wage?
Originally Posted by Phoenixuk2oz
And don't forget to factor in Tax rate ABCD
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
I pay 48% so basically half my wage goes on tax
.............still wouldn't go back though
http://moneymanager.smh.com.au/tools...paye_note.html
Also try this calculator to find your take home pay:
http://moneymanager.smh.com.au/tools...s/payetax.html
Cheers
#26
Re: what is considered a good wage?
Found out a couple more High end blue collar wages today. See if anyone in the UK can match it.
Aussie Post, B double truck drivers, thats interstate, but only 8 hour shifts, 100,000 plus
Safeway truck drivers, local, but the big trucks, again Aud 110,000 +
They are both considered, well and truely good wages.
I understand the average for a HGV 20 tonner plus in the uk is circa 27,000 quid ? Also I understand that that wage is threatened by east european Migrants ?
Aussie Post, B double truck drivers, thats interstate, but only 8 hour shifts, 100,000 plus
Safeway truck drivers, local, but the big trucks, again Aud 110,000 +
They are both considered, well and truely good wages.
I understand the average for a HGV 20 tonner plus in the uk is circa 27,000 quid ? Also I understand that that wage is threatened by east european Migrants ?
#27
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Joined: Jun 2003
Location: Perth, Since Jan 05
Posts: 708
Re: what is considered a good wage?
Originally Posted by ABCDiamond
Here are some figures:
Australian $50,000 gross pays $11,922 in Tax & Med = 23.84%
UK on £26,000 gross pays £ 6,773 in Tax & NI = 26.1%
Australian $75,000 gross pays $22,087 in Tax & Med = 29.45%
UK on £39,000 gross pays £10,849 in Tax & NI = 27.8%
Australian $100,000 gross pays $34,212 in Tax & Med = 34.21%
UK on £52,000 gross pays £16,179 in Tax & NI = 31.1%
Australian $150,000 gross pays $58,462 in Tax & Med = 38.97%
UK on £78,000 gross pays £26,839 in Tax & NI = 34.4%
The figures are done as approximate multiples of each countries average wage, so that they are comparable salaries/tax etc at each group.
UK rates obtained from http://www.nigelbourke.co.uk/calcula...cometaxni.html
I don't know how much the UK earner gets on top of the basic salary as compulory super, but the Australian receives an extra 9% on top of the figures above.
Australian $50,000 gross pays $11,922 in Tax & Med = 23.84%
UK on £26,000 gross pays £ 6,773 in Tax & NI = 26.1%
Australian $75,000 gross pays $22,087 in Tax & Med = 29.45%
UK on £39,000 gross pays £10,849 in Tax & NI = 27.8%
Australian $100,000 gross pays $34,212 in Tax & Med = 34.21%
UK on £52,000 gross pays £16,179 in Tax & NI = 31.1%
Australian $150,000 gross pays $58,462 in Tax & Med = 38.97%
UK on £78,000 gross pays £26,839 in Tax & NI = 34.4%
The figures are done as approximate multiples of each countries average wage, so that they are comparable salaries/tax etc at each group.
UK rates obtained from http://www.nigelbourke.co.uk/calcula...cometaxni.html
I don't know how much the UK earner gets on top of the basic salary as compulory super, but the Australian receives an extra 9% on top of the figures above.
I don't know if there are any tax experts on here, but it would be interesting to compile a list of things which can be written off against tax here in OZ as I am sure many people must not claim where they could be.
D
#28
Re: what is considered a good wage?
Originally Posted by darkless
Also I believe that here in OZ you are able to write off other stuff against tax as everyone has to do a self assessment return. I understand for example that if your job involves driving then you can write off the cost of sunglasses, if you have to wear a logo'ed uniform you can write off laundry costs, if you buy a book for self-development/training, again you can write this off.
I don't know if there are any tax experts on here, but it would be interesting to compile a list of things which can be written off against tax here in OZ as I am sure many people must not claim where they could be.
D
I don't know if there are any tax experts on here, but it would be interesting to compile a list of things which can be written off against tax here in OZ as I am sure many people must not claim where they could be.
D
#29
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Joined: Jun 2003
Location: Perth, Since Jan 05
Posts: 708
Re: what is considered a good wage?
Originally Posted by hevs
Thats why its a good plan to see an accountant, at least for the first year. It costs about $60 and saves you heaps
My situation is confusing over here because I am still paid in the UK, so I am having to get specialist business advice (unfortunately about 20 times the cost you quoted though)
I just thought that people could post a few things which they have had written off against tax which they had maybe been suprised to have been allowed to write off.
#30
Guest
Posts: n/a
Re: what is considered a good wage?
Originally Posted by darkless
Also I believe that here in OZ you are able to write off other stuff against tax as everyone has to do a self assessment return. I understand for example that if your job involves driving then you can write off the cost of sunglasses, if you have to wear a logo'ed uniform you can write off laundry costs, if you buy a book for self-development/training, again you can write this off.
I don't know if there are any tax experts on here, but it would be interesting to compile a list of things which can be written off against tax here in OZ as I am sure many people must not claim where they could be.
D
I don't know if there are any tax experts on here, but it would be interesting to compile a list of things which can be written off against tax here in OZ as I am sure many people must not claim where they could be.
D
One common example is self education expenses, and claiming part of your computer, electric use and stationery etc.
Use of your car for anything other than direct to "normal" place of work and back, can get you more refund aswell. eg: 6km per week, going to the bank, or the local stationers, etc, once a week, can get you about a $75 refund on its own.