Ok here is what I am wondering in order to financial plan for stuff I need to know what I can afford and cant. Now the blessed Internet can give me arough estimate of Australian wages for certain Jobs. However what it cant give me is take home pay after the various state bodies take their cut.

Lets say for example a job paying 45,000 AUD a year

This equates to $3750 AUD per month

Ergo the Pie is $3750 Can anyone shed some light as to the following

So from a "Pie" of $3750 what is going to come out of that?

For Example Tax , national insurance , Super Anuation etc?

And what will one be left with at the end? oh and there are no dependants in this scenario.

Hi,
A bit over 30% comes out as tax, the rest is yours.
No NI, no super (your employer pays that although you can contribute if you want).
Cheers,
Dennis

So that works out at 2925 approx a month after tax , not bad thanks for that.

Is 30% the official tax rate in Australia regardless of state. Plus anyone out there know if there is a amount you are not taxed on and an amount you are?

Tax rates for 2008/9 here: http://ato.gov.au/individuals/conten...u=5053&mfp=001

Wendy your a legend

Tax Rates Taxable Tax paid
0- 6000 6000 0
6001-34000 24000 3600
34001-80001 15000 4500
Total 45000 8100
Total After Tax 36900
Total monthly Estimate 3075

Thats what is in your hand. Your employer would pay on top of your gross 9% super to a fund.

This is good the aim was to find out what was in my hand at the end of a month .

Nice to know old Zambia is getting looked after as well.

You haven't included medicare levy...take off another 1.5% of $45k i.e. $675

So total monthly = $3019 ish.

Also super depends on your contract some contracts are $45k plus super others $45 including super...

Super is 9% of your gross salary.

Lau x

This is good stuff , I will re-work the calculation later.

Those where two very informative posts.

Hi I hope this is clearer once again I appela to the expats to see if this look like there Payslips

Option 1 Assumes the following

1 Super is included in your offer of 45000
2 The tax bracket 2 is calculated from the figure after Super and medicare is deducted ie [(wage - medicare - super) - 34000 ] is the figure you will be taxed 30% on.

Wages dropping Tax Paid Rate%
Initial Wage 45000
Medicare 44325.00 675 1.5
Super 40275.00 4050 9
Tax bracket 1 40275.00 0 0
Tax bracket 2 36075.15 4199.85 15
Tax bracket 3 35452.91 622.25 30

Total After Tax 35452.91
Total Tax 9547.095

Total Monthly 2954.40875

Option 2 Assumes the following

1: Super is not included
2: bracket 3 is calculated as above

Wages dropping Tax Paid Rate%
Initial Wage 45000
Medicare 44325.00 675 1.5
Super 44325.00 0 0
Tax bracket 1 44325.00 0 0
Tax bracket 2 40125.15 4199.85 15
Tax bracket 3 38287.91 1837.25 30
Results check

Total After Tax 38287.91
Total Tax 6712.095

Total Monthly 3190.65875

If anyone is wondering if you bracket 3 is actully total wage - 34000 it costs you an extra 2 grand a year.

Once we can get some confirmation on this i will happily pass on the spreadsheet.

Why do they have to make it so bloody complicated. They should replace this with a national sales tax.

Use the on line calculator - easiest way

for your examples
(1) - 45000 super included therefore gross before super roughly equals 41300 - take home pay is 2886 per month
(2) - 45000 super not included 45000 gross - take home pay is 3091 per month

http://www.ato.gov.au/scripts/taxcalc/calculate_tax.asp

Tax is a cumulative calculation of the bands not a per band calculation and the 1.5 medicare is included in the tax calculation I provided