hogpro883

I've been offered a relatively well paid job in Perth but when I look at having to pay tax at 47%, the high rental accommodation, schooling and daily cost of living expenses, I'm beginning to wonder if it's worth it!!

LAFHA will help to some extent, but I would like to hear from Brits that have recently made the move to Perth, and whether or not they have regretted it.

Cheers

newjersey

There is a proposal for LAFHA to be abolished, recently discussed in the main Australia board. I stopped following that discussion about half way through, but from what I have seen it was gathering momentum.

Also, 47% sounds a bit steep, have you come up with that or was it a ATO calculator that suggested the figure?

northernbird

Don't count on LAFHA as it is set to disappear this winter. Also how you have managed to get 47% taxation is beyond me.

bcworld

Top rate is 45%....which I guess kicks in for a lot of mining types.

OP as others have said...if your negotiations / offer include LAFHA components to make up the package to what you want then stop that now. You will almost certainly not be eligible for LAFHA under the proposed new arrangements.

Pennines49

Welcome to Perth...not discovered discounting probably due to its isolation

hogpro883

http://www.ato.gov.au/individuals/co...tent/12333.htm plus the medicare levy of 1.5% gives 46.5%

Beoz

47 percent ..... Are you sure? Don't count on LAHFA. Easiest way to work it out. Divide your proposed gross salary in AU by your current gross in GBP and if you're over 2.2 then you're good for a start - I would negotiate to 2.5 to ensure it's worthwhile.

h2oskineil

No regrets....... but no money!
Welcome to our world.

newjersey

which applies to the wages above 180K, the compound tax rate works out to be around 33%, no? Could you please share with us, what do you do for living, that pays 200K and does not require knowing arithmetic.

Bermudashorts

Tax rates work in bands, you are not going to pay this on your entire income, just for earnings in that band. On the whole, there is no major difference between tax rates in UK and Australia, most people will end up paying a similar % tax so don't get hung up on it.

LAFHA is being abolished, negoatiate your remuneration without reference to it.

northernbird

My husband earns a similar amount to this and he definitely doesn't pay almost 50% tax.

newjersey

QED. Can he do any math though?

swans

Ah, the greed and stupidity.People and tax.Thy will destroy their lives financially because they may have to pay tax'

I'm retired,ipay 6 figures per yr in tax,the only regret I have is that I don't pay $1 MILLION IN TAX YEARLY.Imagine earning around 2.3 million,giving the tax man 1 million,the day to day sruggle of trying to get by on $1.3 million.

How I envy the people on an aged pension,the luxury of not paying tax and getting by on 26k a year,the luxurious life they must lead by not paying tax.

Have a go at thinking,a wonderful hobby to have.I will be amazed if you can answer this question..

Would you be better off having a high income and paying tax at an average of say 40%,or would you be better off having a low income and paying a small amuont of tax.

I'll be amaxed if you can answer.

Geordie down under

Amazulu

A pointless reply to the OP's post.

Disregard.

Amazulu

COL is roughly the same in Perth as it is in Brisbane, Melbourne or Sydney.