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Guest Dilks Family

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Guest Dilks Family

Hi All, Has anyone used Halo Financial for transferring money to Oz? Any info wouls be great. Thanks in advance, Brian.

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Guest Missiemo

Hi Brian

 

 

I am in complete agreement with Tim, HIFX have been brilliant, we have already exchanged our rate, now is an excellent time to do it, the rate is the best I have known it.

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Guest Dilks Family

Hi Missiemo and Tim, many thanks for the advice. I have called HIFX today to set up an account. They were very helpful as you'd said and took time to explain everything. Not long now for you Missiemo. Have you decided where you are going yet? Good Luck, All the best, hopefully won't be far behind you, Brian and family.

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Guest poeblo

Hi

I was wondering the same thing. what % of national insurance and tax do you pay out of an avarage wage say 40000

Many thanks in advance for any help

 

Paula

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Guest ABCDiamond
Hi

I was wondering the same thing. what % of national insurance and tax do you pay out of an avarage wage say 40000

Many thanks in advance for any help

 

Paula

Current national full time average wage is now almost $55,000 (according to newspaper this weekend)

 

Some Examples of Tax calculations (at 2006/2007 rates) are:

$25,000 gross = $2,850.00 tax (ie: 11.40% of gross)

$35,000 gross = $5,850.00 tax (ie: 16.71% of gross)

$45,000 gross = $8,850.00 tax (ie: 19.67% of gross)

$55,000 gross = $11,850.00 tax (ie: 21.55% of gross)

$65,000 gross = $14,850.00 tax (ie: 22.85% of gross)

$75,000 gross = $17,850.00 tax (ie: 23.80% of gross)

$85,000 gross = $21,850.00 tax (ie: 25.71% of gross)

$100,000 gross = $27,850.00 tax (ie: 27.85% of gross)

$200,000 gross = $67,850.00 tax (ie: 33.93% of gross)

 

On top of these rates will be the 1.5% Medicare levy. If a single person earns more than $50,000, or a couple over $100k, and DOES NOT HAVE private medical insurance, this will be increased to a 2.5% Medicare levy.

 

On $40,000 gross it will be $7,860 tax and $600 Medicare = total $8460 deductions = net pay $31,540.

 

The employer will also pay an additional $3,600 (9% of gross) into a super fund for you.

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Guest poeblo

ABC you are a Diamond !!! a font of knowledge.

I appreciate all the info and advice I am given via this forum.

Our house is nearly ready to go on the market and as nothing ever goes exactly to plan, if its not sold by the end of Aug, me and the kids are coming out on our own to get started.

No one will interview me for a job until I am physically there.

Again many thanks, I can now make rough callculations as to what I need to survive on.

Paula

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