the greens

We recently got the 136 visa and hope to make the move to Qld soon. We are trying to weigh up what we can afford to rent or buy. Initially only one of us will be working and I wanted to ask on a gross wage of $1051 per week what would the take home be ?

Also we have one child and I understand we can apply for family tax credits. Could anyone give me an idea of how much we might be entitled to ?

biggy

www.familyassist.gov.au there is a calculator on here that will give u an idea

steve`o

an isea mmm
wine good

steve`o

from a recent wage slip

gross 1096 net 852 i hope this helps

regards steve

biggy

lol smart arse......its 7.30am Im on the coffee

steve`o

and i`m on a hang over

catch you later

regards steve

esperanza

You can use www.mycareer.com.au and go to 'Salary Centre' then you can enter your pay (you can choose annual/monthly/weekly) and it will tell you what's left after tax. It doesn't tell you anything about child tax credits or anything, just standard income tax. Quite handy though!

killamarsh

The Australian tax office site has calculators re: tax which may help

The S's

You are looking at take home pay of just over $3500 per month. Hope this helps.

Sean

Sandra

Basic Taxable Gross - no super included 1051 = 823 Take home

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

for family credits you need

http://www.familyassist.gov.au/Inter...ntent/payments

you need to be careful when doing calculations - they are assessed over the year and if your income goes up during the year, and the payments to you are not adjusted you will be expected to pay them back.

Tax year is from July to June.

Depending on where you live 50 K is around average income per person - not per family. But then what are averages!

Cheers

raven

Depends where in Qld where you are going to live but i would say you would be looking at about $300 to $400 a week rent for a nice house in a decent area
Regards
Raven