Guest kate b Posted June 12, 2008 Share Posted June 12, 2008 hi Does annyone know how to work out take home pay after all the deuctions and everything? im a nurse who will be earning basic $1900 a fortnight so what exactly will be deducted as im getting very confused!! i will hopefully benefiting from the hospital salary sacrificing sscheme of $500 a week for rent and car and loan so hopefully be paying tax on $ 400 a week, any advice would be very grateful of!! kate Link to comment Share on other sites More sharing options...
Guest RCoight Posted June 19, 2008 Share Posted June 19, 2008 Have a look here: Rates, calculators & tools There are some tax calculators which will help. Link to comment Share on other sites More sharing options...
ali Posted June 19, 2008 Share Posted June 19, 2008 Here in WA you're allowed to salary sacrafice upto $9,500 (I think) per year. So what they do is split that over the year into 24 payments. I sacrifice towards my mortgage, - they don't sacrifice you're full rent of $500, (as over 12 months this would exceed the cap payment). Mine gets taken out before I get paid, then is put into my bank account a day later. You pay the salary sacrificing company to do this. I'm level 2.4 and come out with just over $1,600 per FN, on a flat week, I work 4 days with occassional weekends. Ali Ali Link to comment Share on other sites More sharing options...
Guest jenny4nails Posted June 21, 2008 Share Posted June 21, 2008 What's salary sacrifice? Interesting post...but I've not heard of salary sacrifice before? Who is eligible for it? Link to comment Share on other sites More sharing options...
Quoll Posted June 22, 2008 Share Posted June 22, 2008 What's salary sacrifice? Interesting post...but I've not heard of salary sacrifice before? Who is eligible for it? Anyone can salary sacrifice if their employer agrees. Money is taken out of pay for specific purposes before the tax is taken out of it so it essentially reduces your taxable income. Health workers and charity workers have the best deal - charity workers can sacrfice up to $16K pa on virtually anything - mortgage, rent, car, school fees, credit card etc. Different states health organizations have different agreements and probably not as comprehensive as charity workers. If anyone else wants to sacrifice into superannuation they should be able to do that with a 15% tax. Sacrificing into cars is a bit more fraught because you have to do a certain mileage otherwise you still pay 30% tax and that can be quite tricky and at the end of the day you have a car with considerably more mileage than you would probably want to buy outright. Basically, your employer sends the required amount either directly into a super account or to a third party company who then pays your other arrangements. If you are going to do it, it is always a good idea to get a financial adviser to run through your options, unless it is a no brainer like for the charity workers. Link to comment Share on other sites More sharing options...
Mongrel Posted June 22, 2008 Share Posted June 22, 2008 hiDoes annyone know how to work out take home pay after all the deuctions and everything? im a nurse who will be earning basic $1900 a fortnight so what exactly will be deducted as im getting very confused!! i will hopefully benefiting from the hospital salary sacrificing sscheme of $500 a week for rent and car and loan so hopefully be paying tax on $ 400 a week, any advice would be very grateful of!! kate Hi I should checkn on the info health in qland allows 9000 a year for salary sacrificie as does wa works about 360 dollars a fortnight , you are talking 25000 think the old electrics are a bit muddled Malx aka Billy 1M Link to comment Share on other sites More sharing options...
Guest martin948 Posted June 25, 2008 Share Posted June 25, 2008 with all the confusion over deductions does anyone know after deductions how much $$$$ will i get for say for eg.$75000.00 Link to comment Share on other sites More sharing options...
Guest Pinhead Posted June 25, 2008 Share Posted June 25, 2008 with all the confusion over deductions does anyone know after deductions how much $$$$ will i get for say for eg.$75000.00 In the tax year 08/09 on $75,000 you would pay $16,500 of tax & $1,125 of Medicare levy assuming you had no other deductions, pension payment,etc. Your net pay would therefore be $57,375 pa. Link to comment Share on other sites More sharing options...
Guest martin948 Posted June 25, 2008 Share Posted June 25, 2008 thanks for that but i found a au gov tax site and do i understand right to think that if i earn $75001 just $1 more then tak would be about $14000 more! Link to comment Share on other sites More sharing options...
Guest martin948 Posted June 25, 2008 Share Posted June 25, 2008 what tax would i pay on $90k how is it worked say per $1k over $75k is it $600 per $1k Link to comment Share on other sites More sharing options...
Guest Pinhead Posted June 25, 2008 Share Posted June 25, 2008 No. The tax system is similar to the UK in that your tax rate increases the more you earn but you only pay the higher tax on the amounts between the bands rather than the whole amount. The extra $1 on $75,000 would be taxed at 30% ie 30c plus 1.5% Medicare ie 1.5c. The only time you pay higher amount on everything is if you earn $100K (or $150K if married) and you pay the Medicare surcharge at an additional 1%. Link to comment Share on other sites More sharing options...
Guest Pinhead Posted June 25, 2008 Share Posted June 25, 2008 what tax would i pay on $90k how is it worked say per $1k over $75k is it $600 per $1k You'd pay 30% on $5K (up to $80K) then 40% on the last $10K (up to $90K). Medicare levy would be paid at 1% for the whole extra $15K. These rates apply for 08/09. 09/10 the rates and bands change see Tax Rates These later rates (09/10-onwards) are subject to change/confirmation by the ATO. Link to comment Share on other sites More sharing options...
Quoll Posted June 25, 2008 Share Posted June 25, 2008 thanks for that but i found a au gov tax site and do i understand right to think that if i earn $75001 just $1 more then tak would be about $14000 more! No dont think so for this tax year you would pay $17100 for the $75K and then for every dollar thereafter you would pay 40c so for 75001 you would pay $17,100.40 Link to comment Share on other sites More sharing options...
Guest Liam Posted June 25, 2008 Share Posted June 25, 2008 Here is a very easy site to give you an approximate take home pay at different levels based on current tax rules. I find it easier than the tax office calculators CareerOne.com.au – Salary Calculator, Tax Calculator, Superannuation and Pay Rise Information. best wishes Liam Link to comment Share on other sites More sharing options...
Guest spendav3 Posted August 11, 2011 Share Posted August 11, 2011 can anybody tell me what my take home would be on 60k, thanks. Link to comment Share on other sites More sharing options...
Guest stevenw8971 Posted August 17, 2011 Share Posted August 17, 2011 can anybody tell me what my take home would be on 60k, thanks. $3983 got this from www.paycalculator.com.au Link to comment Share on other sites More sharing options...
Guest spendav3 Posted August 17, 2011 Share Posted August 17, 2011 thanks for that mate! Link to comment Share on other sites More sharing options...
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