May not bother going at all - quoted 60% tax

**Zman** · 03-08-2012, 09:07 AM

Rupert, you're correct that the amount you get after tax is dependent on how much you actually earn, i.e. the higher it goes over $180K, the lower the percentage becomes. I meant to say that if your income just gets you into the highest rate (i.e. you earn $180K and no more) then you will end up with about 68%. BTW that 68% also includes the Medicare Levy having been deducted too.

**Zman** · 03-08-2012, 09:18 AM

One more thing I should add (although this is a much more subjective thing), if you base your decision solely on the relative tax rates, you may not end up making the right decision (whether it's to move here or not). There are good things and bad things about Oz as is the case for the UK. Given some of the disappointments that some posters have written of in these forums, I strongly urge anyone to research everything thoroughly. Moving away from family and friends (even if you know someone here) is hard and shocks (cultural, financial, environmental or others) to the system don't help. Personally, I like it here and the benefits far outweigh the disadvantages. As I've said before, with modern technology you can live a hybrid life: enjoying the benefits of the environment here whilst "consuming" those bits of the UK that are better (newspapers, TV, chocolate etc.)!

**dustyroad** · 03-08-2012, 10:46 AM

Zman - many thanks for the info. i wasnt basing a decision on purely just that but if i were going to be skint then there's not much point as your quality of life wont improve and thats what I'm going for. I have asked about working hours etc too as if your on 10 hours a day your life will be like groundhog day anywhere you are.

Thats good if the percentage is all in so to speak and the quote I got wasnt any good.

ps how do you consume chocolate via the internet? do you have a taste machine on USB or if importing wont it melt?
I have see its better to keep your UK accounts and buy stuff in the UK - a good example are kindle books on UK amazon and posting magazines out as there $10 plus in Perth for classic bike !!

**Consulaire** · 03-08-2012, 12:26 PM

10 hours a day would be a lovely change, not worked less than 12 hour days (in the UK) for some time. Looking to retain all my UK accounts for purchases then get good ol'mom to ship them over too to keep the best of both worlds. Now all I need is that offer..

**northshorepom** · 03-08-2012, 12:31 PM

I think you will find the take home amount in Australia compared to that in the UK to be very favourable at high income levels (and you must be talking about good money if 60% has even entered the equation, even though I agree with other posters that there's something wrong there)

The thresholds are so much higher for a start, there's no NI to stealthily add a big chunk on to your tax, and you still keep your personal allowance

I find the ATO system to be much more clear and simple to understand too. Much better than the b*gger's muddle of allowances, fudges, reliefs and all the rest of it back home

**Zman** · 03-08-2012, 12:35 PM

Originally Posted by martync

Zman - many thanks for the info. i wasnt basing a decision on purely just that but if i were going to be skint then there's not much point as your quality of life wont improve and thats what I'm going for. I have asked about working hours etc too as if your on 10 hours a day your life will be like groundhog day anywhere you are.

Thats good if the percentage is all in so to speak and the quote I got wasnt any good.

ps how do you consume chocolate via the internet? do you have a taste machine on USB or if importing wont it melt?
I have see its better to keep your UK accounts and buy stuff in the UK - a good example are kindle books on UK amazon and posting magazines out as there $10 plus in Perth for classic bike !!

Agreed. Being able to afford roughly the same things as you could in the UK is important. For us, we've enjoyed a much better standard of living - our salaries, even if converted at $2 to £1, are pretty good here but it all depends on which industry you're in.

As for chocolate, it would be good if I could just download it onto a USB but sadly, no, I just order stuff from the UK.

**Six it** · 04-08-2012, 01:35 AM

you need another tax advisor..

I have my own company contracting in O&G. I would be on the top tax rate based on my day rate etc.
But my accountant finds ways, legal of course, to make sure that i pay no more than the 32% rate.. and that not on all earnings.. thats just my marginal rate.

get another quote.. shop around a bit.. there are some good advantages to being a contractor, which your accountant can and should exploit

**Dave Pistol** · 19-08-2012, 08:58 PM

Do you mind if I ask what it is you do for a living?

**Six it** · 20-08-2012, 08:02 AM

i work as an environmental advisor

**Paul1Perth** · 20-08-2012, 08:13 AM

Originally Posted by Perthbum

60% are you sure....if its correct that is insane, what s the se of working your butt off if they are taking that much.

Come on PB, you've lived here haven't you? Didn't you look into the tax rates? I'll bet you were paying nowhere near 60%. I would love to be in that bracket.

Tax rates 2012-13 (Residents)

Taxable income	Tax on this income*
0 - $18,200	Nil
$18,201 - $37,000	19c for each $1 over $18,200
$37,001 - $80,000	$3,572 plus 32.5c for each $1 over $37,000
$80,001 - $180,000	$17,547 plus 37c for each $1 over $80,000
$180,001 and over	$54,547 plus 45c for each $1 over $180,000