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FF:SA whats your average take home pay percentage wise

Discussion in 'Oceania Discussion Boards' started by beezel26, Aug 8, 2007.

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  1. beezel26

    beezel26 Jedi Master star 7

    Registered:
    May 11, 2003
    trying to do some numbers and I see as a single guy after insurance and taxes and no 401k plan I have one third of my pay goes to all of that before I get my check.

    what about 0z, any worse or better?
     
  2. Adalia-Durron

    Adalia-Durron Former RSA/EUC Empress. star 10 VIP - Former Mod/RSA

    Registered:
    Jun 3, 2003
    Approx. 20% (roughly depending on your trade) goes to taxes. YOu can claim alot back, but thats not my area of expertise, that'd be Justifiers! :p But Superannuation and medical coverage are options you can have taken automatically as well. frowns Been a while, so I cant help much more than that.

     
  3. Darth_Meanders

    Darth_Meanders Jedi Master star 5

    Registered:
    May 23, 2004
    This might give you some idea Beez

    [link=http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm]Personal Income Tax Rates[/link]

    As an employee you'd be also contributing 9% of pre-tax income to superannuation (which is equivalent to your 401K I think). You'd need to check with the employer if that was included or on top of any specified pay rates.
     
  4. beezel26

    beezel26 Jedi Master star 7

    Registered:
    May 11, 2003
    why am I still living in America? Oh wait its for the cheap gas, thats a good thing , cause I cant afford to go anywhere with what I bring home.
     
  5. Adalia-Durron

    Adalia-Durron Former RSA/EUC Empress. star 10 VIP - Former Mod/RSA

    Registered:
    Jun 3, 2003
    You'll have to change your terminology there! Gas is well, just that gas (a vapour like substance) we call the other stuff petrol (Unleaded of course) or diesel.
     
  6. Quinten_JarVos

    Quinten_JarVos Jedi Padawan star 4

    Registered:
    Aug 18, 2004
    I'm on Good Money for my experience and job, could be earning more. But as a 2nd year Senior Engineer it's okay.

    I wont say it here... but needless to say i'm now on good money
     
  7. jabbathenutt

    jabbathenutt Jedi Padawan star 4

    Registered:
    May 28, 2005
    i get to leave my work at work, get $25 hr for 50 hr week currently (avg) :D
    ....and its easy as work :)

    [face_dancing] "show me the money!!!!" [face_money_eyes]
     
  8. evil-incarnate

    evil-incarnate Jedi Youngling star 7

    Registered:
    Jun 30, 2004
    I'm not geting nearly enough cash for what I do.
     
  9. I_am_Kooky

    I_am_Kooky Sth Aust. Chapter Representative star 4

    Registered:
    Jun 28, 2004
    Eh, I am getting less then all of you!! :p
     
  10. mrs_jtn

    mrs_jtn Jedi Youngling star 1

    Registered:
    Jan 1, 2006
    Unfortunately in my industry we are under paid, they got permission from the government to pay us below award wage. But it's flexible around the kids, so thats why I tolerate it until the youngest reaches school age.

    I pay full tax, even thou it's my only job, so nearly 30%, but it's a good saving scheme, because I get alot back:D .(well I'm hoping it will be like last few years, as I haven't done my tax yet)
     
  11. mrs_jtn

    mrs_jtn Jedi Youngling star 1

    Registered:
    Jan 1, 2006
    Unfortunately in my industry we are under paid, they got permission from the government to pay us below award wage. But it's flexible around the kids, so thats why I tolerate it until the youngest reaches school age.

    I pay full tax, even thou it's my only job, so nearly 30%, but it's a good saving scheme, because I get alot back:D .(well I'm hoping it will be like last few years, as I haven't done my tax yet)
     
  12. Obi-Wan_Toddi

    Obi-Wan_Toddi Former SAFF CR star 6

    Registered:
    Feb 7, 2005
    Be wary of the combination of tax and HECS debts! :(
     
  13. Sabre_11

    Sabre_11 Jedi Knight star 5

    Registered:
    Jun 1, 2005
    Go for defence jobs, no HECS, little to no tax. Life will be grand :p
     
  14. Obi-Wan_Toddi

    Obi-Wan_Toddi Former SAFF CR star 6

    Registered:
    Feb 7, 2005
    But the hours suck! Majorly!
     
  15. beezel26

    beezel26 Jedi Master star 7

    Registered:
    May 11, 2003
    what is HECS tax?


    and how are some industries taxed more then others?
     
  16. Obi-Wan_Toddi

    Obi-Wan_Toddi Former SAFF CR star 6

    Registered:
    Feb 7, 2005
    HECS debt = Higher Education Contribution Scheme. You get to study at University then payback your tuition fees through your income once you graduate. Though things may have changed now. Hope not.
     
  17. Adalia-Durron

    Adalia-Durron Former RSA/EUC Empress. star 10 VIP - Former Mod/RSA

    Registered:
    Jun 3, 2003
    I think you are taxed on your wage bracket, but once again, dont quote me.
     
  18. MarcusP2

    MarcusP2 Games and Community Reaper star 6 Staff Member Manager

    Registered:
    Jul 10, 2004
    That's correct, and you don't have to pay any back until you get to like 30+ K a year IIRC. You can also pay it off voluntarily and get discount.
     
  19. Obi-Wan_Toddi

    Obi-Wan_Toddi Former SAFF CR star 6

    Registered:
    Feb 7, 2005
    Yeah, they don't start taking out HECS until you reach the 38K mark, as I found out ... [face_frustrated]
     
  20. MarcusP2

    MarcusP2 Games and Community Reaper star 6 Staff Member Manager

    Registered:
    Jul 10, 2004
    Move overseas and forget your debt forever :p
     
  21. Obi-Wan_Toddi

    Obi-Wan_Toddi Former SAFF CR star 6

    Registered:
    Feb 7, 2005
    Thanks for that timely piece of advice, Mr. Skase! :p
     
  22. Adalia-Durron

    Adalia-Durron Former RSA/EUC Empress. star 10 VIP - Former Mod/RSA

    Registered:
    Jun 3, 2003
    Now I understand why I saw you getting your passport in order Toddi! :p
     
  23. Bountyhunter_niko

    Bountyhunter_niko Jedi Youngling star 1

    Registered:
    Jul 3, 2007
    And you need a payment plan ????? :eek:
     
  24. REACTOR_DRONE

    REACTOR_DRONE Jedi Youngling star 3

    Registered:
    Mar 11, 2005
    With that last tax adjustment I'm now keeping 84% of what I make...then again I don't make that much [face_money_eyes]
     
  25. oldbenk31

    oldbenk31 Jedi Master star 3

    Registered:
    Feb 27, 2003
    So, How much does some need to make to be ok in Melbourne? Lets say comfotable.

    Oh ya, sorry. Moving there in a week and thought this thread verrrrry interesting. Great site by the way.

     
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