Yo Aussies - Tax?

PFSS

Diabloii.Net Member
Yo Aussies - Tax?

So...

My wife and I are seriously considering moving to Australia (I'm an Aussie citizen so there should not be any real immigration issues) and we're doing a feasibility study on whether we can afford to live/work there.

The two biggest costs are going to be Rent and Tax, and I was wondering if anyone can give a guide on how much tax we'll be paying. I've filled in the boxes on the link below and the tax is coming in at 25-30%. Which is fine, but from what I've heard the tax burden in Australia is much much higher... what extra tax would we be paying?

Second - Any Sydney folk on here? What is the rent range for a 2 bed flat in a half decent area of Sydney?

Aussie Tax Calculator
 

Johnny

Banned
Re: Yo Aussies - Tax?

The biggest tax comes in the form of having to pay twice as much for video games and have all the cool ones banned from the country.
 

Dondrei

Diabloii.Net Member
Re: Yo Aussies - Tax?

Unless you have a bunch of weird stuff like you see in all those annoying questions in your tax returns I can't see how you'd pay much more tax than that. I mean, given an average income range. The simple tax brackets usually suffice:

http://www.ato.gov.au/youth/content.asp?doc=/Content/40811.htm

Basically if you're earning less than $80k you'll be paying 30%, which means your effective marginal is a bit less than that. Mine is about 25%. Tax rates have come down fairly frequently of late because we've had a very prosperous economy for over a decade - in fact we were doing great until the Americans decided to take a big **** upstream - so maybe your info was outdated. If you ask me our tax rates are still way too high, Howard sat on his *** and let bracket creep rake in the cash so he could look good delivering surpluses every quarter rather than give us proper long-term tax relief.

Property is horrible lately, supposedly the crisis is going to give that market a battering but frankly I don't see prices coming down much, they've skyrocketed in the last 5-10 years. It all depends where you live but average house price in Melbourne is like $500k. Sydney is worse I think, at least in the inner suburbs. Rents have started following that trend too, I've been wanting to leave this ****ty suburb for years but I'd wind up paying 2-3 times what I am now to live anywhere else.

In Melbourne I'd say the average price in an acceptable suburb would be like $300-$350 a week. Not sure about Sydney. It all depends how much your income will be, where you plan to live and so on.

But seriously, this place sucks. Especially Sydney. I've been strongly considering moving to Canada. Are you in Britain? Or was it Europe? The only reason I can see for moving here is if you miss the sight of the sun, but believe me you'll get more than your fill of that in just a few days this summer.

The biggest tax comes in the form of having to pay twice as much for video games and have all the cool ones banned from the country.
That too. Of course, we still have the internet so that really just forces people into piracy. I was eShanghaied!



 

PFSS

Diabloii.Net Member
Re: Yo Aussies - Tax?

Unless you have a bunch of weird stuff like you see in all those annoying questions in your tax returns I can't see how you'd pay much more tax than that. I mean, given an average income range. The simple tax brackets usually suffice:

http://www.ato.gov.au/youth/content.asp?doc=/Content/40811.htm
There's no extras like medical tax? (In the UK tax up to ±30k (squid) is 20%, but then there's 11% "National Insurance", which isn't income tax it's just calculated in exactly the same way with almost identical thresholds...

But seriously, this place sucks. Especially Sydney. I've been strongly considering moving to Canada. Are you in Britain? Or was it Europe? The only reason I can see for moving here is if you miss the sight of the sun, but believe me you'll get more than your fill of that in just a few days this summer.
I'm living in Dubai, which is great for $$$ and sun (we're not expecting too see a cloud for another ten months) but there is more bul**** than I care to deal with at the moment. I have no plan to live in the UK in the near future, at least not until IngSoc are out of power and I can walk down the street without being stabbed. I work as a Structural Engineer and the employment market for that looks OK in Australia, but crap in the US and most other places I would consider living. Canada might be an option, but then have to sort out immigration issues :S


 

P2blr

Diabloii.Net Member
Re: Yo Aussies - Tax?

Canada might be an option, but then have to sort out immigration issues :S
Immigration issues? this country is so open you pretty much just have to show up, we've got a great big open border, we'll take everyone, bleh.



 

Johnny

Banned
Re: Yo Aussies - Tax?

I've actually been looking in to immigrating to Canada but since I don't have any relatives there or was married to someone canadian the website said my chances where small.
 

TheNix

Diabloii.Net Member
Re: Yo Aussies - Tax?

I would avoid Sydney, and probably Melbourne too, unless you have family connections. Both have a very tight rental market atm and so the rents are way up. The best thing to do is to search the online job networks like seek.com.au or careerone.com.au, there are a number of others, and see where your skills might best get you a job. Don't overlook the regional cities either, they are cheaper rent wise and some are crying out for certain professions.
 

BobCox2

Diabloii.Net Member
Re: Yo Aussies - Tax?

Did it not just all burn down?

I've actually been looking in to immigrating to Canada but since I don't have any relatives there or was married to someone canadian the website said my chances where small.
Canada will let in anyone with a Million dollars and a Commonwealth of Nations connection - thats why so many rich people from Hong Kong moved there right before it became part of China.


 

maccool

Diabloii.Net Member
Re: Yo Aussies - Tax?

I'd be more worried about the 10+ years of drought and massive fires than any tax rate.
 

mythos

Diabloii.Net Member
Re: Yo Aussies - Tax?

There is also a medicare surcharge of about 1% that gets added onto your income tax if you don't have private health insurance and earn over 100k+ (it used to be 50k, but I think they just increased the limit).

The cost of anything imported is higher here and also basics like petrol will be much more expensive. On the flip side fresh fruit, vegies and meat are all probably cheaper and better quality than in Dubai.

I work in the mining/oil and gas industry and there have been a lot of people sacked lately, stupid GFC. So if you're interested in that field I'd highly recommend you investigate the job market thoroughly.
 

PFSS

Diabloii.Net Member
Re: Yo Aussies - Tax?

maccool said:
I'd be more worried about the 10+ years of drought and massive fires than any tax rate.
Meh, who wants boring weather. This sort of stuff adds a little excitement. Besides I figure I'm safer with that going on than in Dubai where an aluminum refinery is used for desalination and the roads are filled with psychopaths driving hummers.

There is also a medicare surcharge of about 1% that gets added onto your income tax if you don't have private health insurance and earn over 100k+ (it used to be 50k, but I think they just increased the limit).
That's not so bad - It was a couple of years ago, and I now think they were spouting ****, but the last report someone gave me from Australia was that there's a ~50% tax rate, but ~30% I can cope with.

The cost of anything imported is higher here and also basics like petrol will be much more expensive. On the flip side fresh fruit, vegies and meat are all probably cheaper and better quality than in Dubai.
There's a bit of a premium here too, and before that I was in the UK where petrol cost about AUD$2-3/Litre and fruit/veg/food/everything is stupidly expensive.

I do miss quality produce though, the fruit here is pretty vile.

I work in the mining/oil and gas industry and there have been a lot of people sacked lately, stupid GFC. So if you're interested in that field I'd highly recommend you investigate the job market thoroughly.
Damn... I've been looking online at the moment at Structural Engineering jobs, and there seem to be quite a few around Australia :confused: Does that sound a bit off the mark or about right? Gonna have to look at that a lot more closely, I suppose the proof will be when I send in CVs...


 

Dondrei

Diabloii.Net Member
Re: Yo Aussies - Tax?

Does having British citizenship help you get into Canada? Not sure if it being a Commonwealth country means anything in that respect. Because of my ancestry I can swing one of those, I think.

There's no extras like medical tax? (In the UK tax up to ±30k (squid) is 20%, but then there's 11% "National Insurance", which isn't income tax it's just calculated in exactly the same way with almost identical thresholds...
Okay, you pay a medicare levy, but it's only 1.5%. And if you earn a lot more money than I do right now there's also the medicare surcharge, which is another 1%.

http://www.ato.gov.au/individuals/content.asp?doc=/content/17482.htm

There's also GST of 10% (I think... someone told me it's up to 11% the other day though), but of course you don't really notice that, it's just an invisible factor in the high cost of living.

I'm living in Dubai, which is great for $$$ and sun (we're not expecting too see a cloud for another ten months) but there is more bul**** than I care to deal with at the moment. I have no plan to live in the UK in the near future, at least not until IngSoc are out of power and I can walk down the street without being stabbed. I work as a Structural Engineer and the employment market for that looks OK in Australia, but crap in the US and most other places I would consider living. Canada might be an option, but then have to sort out immigration issues :S
My wife told me that at her job they regularly send people to Dubai, with many amusing/disturbing results. Allegedly one of them got whipped because his wife showed too much ankle.

The job market is okay, but you'd better hurry because the effects of this ****storm are just starting to hit the Australian job market. My work announced 400 layoffs last week, and that's in addition to 400 late last year. Well, they announced it because it had been leaked and was already on the news... this is how it usually happens.

I would avoid Sydney, and probably Melbourne too, unless you have family connections. Both have a very tight rental market atm and so the rents are way up. The best thing to do is to search the online job networks like seek.com.au or careerone.com.au, there are a number of others, and see where your skills might best get you a job. Don't overlook the regional cities either, they are cheaper rent wise and some are crying out for certain professions.
True, my wife was looking at property in Adelaide the other day and it costs half what it does here, and you could throw a rock from there to either the beach or the CBD.

But on the other hand, it's Adelaide.

I'd be more worried about the 10+ years of drought and massive fires than any tax rate.
Meh, fires are out in the sticks and drought only affects people who care about their front lawn or like to wash their cars.

Meh, who wants boring weather. This sort of stuff adds a little excitement.
You want exciting weather, move to Melbourne. You want the world's most boring weather, Perth.

That's not so bad - It was a couple of years ago, and I now think they were spouting ****, but the last report someone gave me from Australia was that there's a ~50% tax rate, but ~30% I can cope with.
Top rate used to go over 50% I think, but you have to earn a lot to be in that bracket. Might've also taken GST and medicare into account, I dunno.



 

PFSS

Diabloii.Net Member
Re: Yo Aussies - Tax?

My wife told me that at her job they regularly send people to Dubai, with many amusing/disturbing results. Allegedly one of them got whipped because his wife showed too much ankle.
If he was claiming he got whipped in Dubai for that then he was bull****ting to her. There is not a particularly strict law in Dubai, except that women wearing anything remotely revealing get harassed by perverts. The only real restrictions come in during Ramadan when women must cover their shoulders and upper arms and wear a skirt/dress/shorts that come down below the knee. Most of the year I walk around the mall and you see women in hot-pants, mini-skirts and clothing as revealing as anywhere I've been.

If he was talking about Saudi... that's a whole different issue.


 

PFSS

Diabloii.Net Member
Re: Yo Aussies - Tax?

Are you in the Western areas though?
There are non-western areas of Dubai, but again the law is the same, the only difference for women wearing revealing clothing is that in non-western areas they will be seriously perved on. There is no way someone got a whipping in Dubai, in any part (It's a pretty tiny place with one legal system), because they or their wife wore revealing clothing.

Were they talking about other areas of the UAE? Sharjah is a neighboring Emirate and has a slightly more restrictive dress code, which is basically the Dubai Ramadan dress code all year round. Ras-Al-Kaihama is a little further away and also has fairly restrictive dress codes.

Thing is, in Dubai something is either seriously illegal or it's not illegal at all:
Bounce a Cheque - Jail
Give someone the finger - Jail
Make a fist at someone - Jail
Drive with *any* alcohol in your system - Mandatory 4 months in jail followed by deportation
Get caught having sex with someone you are not married to - Jail
('Sex' can mean any sexual physical contact or activity)

I just don't see any crime they would whip for, it's either nothing, a minor fine for traffic offenses, or time in jail.

Are you sure they were not talking about Saudi - they tend to dish out beatings for the lower end 'crimes' with enthusiasm. I still reckon they were pulling her leg with tall tales.


 

Dondrei

Diabloii.Net Member
Re: Yo Aussies - Tax?

My wife insists it was Dubai, but who knows given that this is third-hand information at best.
 

Brutass

Diabloii.Net Member
Re: Yo Aussies - Tax?

I'd say at the moment Aussie has to be a whole lot better than most other countries as far as economy, safety, environment goes. Mind you there's always the undesireable element wherever you live.
Check these sites: http://www.ato.gov.au/ and http://www.realestate.com.au/ it should give you a good idea where you stand

Btw, Aussie is a large country and the bushfires are centred in a small location in Victoria. Very sad however!
The drought is also only in particular areas. There is an abundance of water in North Queensland where 2/3rd of the state is underwater
 

mythos

Diabloii.Net Member
Re: Yo Aussies - Tax?

Well, my job statement may have read a bit more negatively than I meant it. My company in Melb are still looking for specific people, so its not like no-one is hiring. Its just not as easy as it was 12 months ago. Also its not like the resources sector is the only game in town. Like you said, you should be able to get a good feel for the job market when you start submitting some applications.
 
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