FF:SA whats your average take home pay percentage wise

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?

 

This might give you some idea Beez

Personal Income Tax Rates

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.

 

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.

 

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

 

i get to leave my work at work, get $25 hr for 50 hr week currently (avg)
....and its easy as work

"show me the money!!!!"

 

I'm not geting nearly enough cash for what I do.

 

Eh, I am getting less then all of you!!

 

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 .(well I'm hoping it will be like last few years, as I haven't done my tax yet)

 

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 .(well I'm hoping it will be like last few years, as I haven't done my tax yet)

 

Be wary of the combination of tax and HECS debts!

 

Go for defence jobs, no HECS, little to no tax. Life will be grand

 

But the hours suck! Majorly!

 

what is HECS tax?


and how are some industries taxed more then others?

 

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.

 

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.

 

Yeah, they don't start taking out HECS until you reach the 38K mark, as I found out ...

 

Move overseas and forget your debt forever

 

Thanks for that timely piece of advice, Mr. Skase!

 

And you need a payment plan ?????

 

With that last tax adjustment I'm now keeping 84% of what I make...then again I don't make that much

 

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.