PPRuNe Forums - View Single Post - V Australia-Tell me it aint true! (Merged Thread)
Old 8th Dec 2007, 07:17
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Vorsicht
 
Join Date: Feb 2005
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Australia has a mandatory 9% super contribution. The V Australia guy stated that the salary was going to be between 180 and 210k (Including Super contribution). So of the 180 approx 15k will go into super and which will bring the amount of taxable income to 165k. On 165k (assuming you have no deductions) you will pay 54600 in income tax. On top of this there is a medicare levy which will be around 2k. If you have kids and your wife doesn't work you will pay a little less tax, but that will give you an idea. So at the 180k level, all in, you will see around 110 k in your pay packet. The super is kept in a super fund of your choice which you will be able to access when you retire.

At the 210k level, with no deductions you will get just a touch over 120k in your paypacket.

The actual amount may vary significantly depending on whether you have other income, investments, deductions, your wife works etc etc, but this is a rough guide, taken straight from the australian tax office tax calculator.

V

Last edited by Vorsicht; 9th Dec 2007 at 02:19.
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