How much did you earn this fin year?
From the figures given so far it seems those non resident in Australia and working abroad are far better off financially. Some of the amounts of tax paid are shocking, in return for very little benefit.
For most people on a good income it is not worth being in the "system" in Australia. If I had paid $70 000 tax on a $190 000 income I would expect a final salary based CPI linked pension, unemployment benefits based on a high % of my salary, free first class medical and dental care with no waiting list, free private school and university for my children and a high standard of law and order in return.
The present system is based on the politicians and bureaucrats looking after themselves first, and dishing out generous welfare payments to the unemployed and low income earners to keep voting for them. Those who work hard and earn a good income are sucked dry to support this.
One of the best systems in the world if you are unemployed and unskilled with four children, or are in the public service - a guarantee for your working life and retirement.
Stay abroad, get rich, return when you retire and need the medical benefits.
For most people on a good income it is not worth being in the "system" in Australia. If I had paid $70 000 tax on a $190 000 income I would expect a final salary based CPI linked pension, unemployment benefits based on a high % of my salary, free first class medical and dental care with no waiting list, free private school and university for my children and a high standard of law and order in return.
The present system is based on the politicians and bureaucrats looking after themselves first, and dishing out generous welfare payments to the unemployed and low income earners to keep voting for them. Those who work hard and earn a good income are sucked dry to support this.
One of the best systems in the world if you are unemployed and unskilled with four children, or are in the public service - a guarantee for your working life and retirement.
Stay abroad, get rich, return when you retire and need the medical benefits.
There are plenty of folks abroad whose big pays are gobbled up by lifestyle and high inflation.
I always convert back to AUD. Never lose the value of your home currency. Forces you to competitively look at your lifestyle choices- and options are a plenty.
First Officer
Ansett
A320
Not quite 900 hrs
Six weeks leave plus 12 to 18 days off per month.
125K not including DTA or superannuation.
This was seven years ago! What have you blokes done to the industry? Although QF drivers seem to be doing OK.
I always convert back to AUD. Never lose the value of your home currency. Forces you to competitively look at your lifestyle choices- and options are a plenty.
First Officer
Ansett
A320
Not quite 900 hrs
Six weeks leave plus 12 to 18 days off per month.
125K not including DTA or superannuation.
This was seven years ago! What have you blokes done to the industry? Although QF drivers seem to be doing OK.
Join Date: May 2003
Location: Golden Road to Samarkand
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ATC, overseas, equivalent of AUD$116,880.50 (based on todays exchange rate), no tax, Non-Resident, 16 weeks leave pa.
Free (almost... $1.50 per consult) basic medical, $300 pa. private health insurance (for emergency medical care at private hospital)... still not as good as the health care in Oz.
No pension, you have save and invest for it yourself... but with no CGT, if you're a good punter then the reward is very comfortable retirement...
... if you stuff it up then... 
Free (almost... $1.50 per consult) basic medical, $300 pa. private health insurance (for emergency medical care at private hospital)... still not as good as the health care in Oz.
No pension, you have save and invest for it yourself... but with no CGT, if you're a good punter then the reward is very comfortable retirement...
... if you stuff it up then...
PPRuNe Handmaiden
Gross €98,060, net €60,692 After tax, national insurance, pension. Private health care included.
Gross $161,911 net $100.212
Rostered to fly/work 200 days a year. After leave, 178 days a year. Do about 400 hours a year.
Gross $161,911 net $100.212
Rostered to fly/work 200 days a year. After leave, 178 days a year. Do about 400 hours a year.
Join Date: Feb 2006
Location: Secret base in Hoth...
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Grossed $45k (yet to do tax, but will get most back )
I lived remote for most of it, so that will help with getting tax back. Had around 10 weeks off (4 paid), flew back home a few times and went travelling abroad for 8 of those weeks....
750 approx in the logbook...
Loved every min of it!
CMN
)I lived remote for most of it, so that will help with getting tax back. Had around 10 weeks off (4 paid), flew back home a few times and went travelling abroad for 8 of those weeks....
750 approx in the logbook...
Loved every min of it!
CMN
Hf3000
True, getting ahead is not about how much you earn, but the difference between how much you earn and how much you spend.
Live modestly, pay off your mortgage quickly, retire early and enjoy life.
Live modestly, pay off your mortgage quickly, retire early and enjoy life.
ck thatMy Dad tried that and died at 59
Join Date: Jul 2007
Location: newzealand
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1900 Fo
For me, airline oriented but non flying position at this time.
$12 per hour, 38 hours per week.
Gross- $456 week ( 23,712 Yearly )
Net- $369.36 Week ( 19206.72 Yearly )……All Kiwi dollar,
Converted to Aussie dollar using- http://www.xe.com/ucc/=
$ 290.189 AUD per week( $15089.36 yearly )
And that is the standard wages in NZ, but, I execute subsequent endeavors to replenish my depleting or holy drum of finances; cash only.
In New Zealand, My friend is on the Eagle Air Beech 1900, based in a small north island town where living costs are minimal but lifestyle is rare-
First Officer
$42, 000 Gross yearly
$51.000 Gross yearly After allowances
He quoted 600 to 700 yearly flying
$33,020 Net ( After Tax and Student loan repayments ) ( not sure about Medical etc )
That equated to Aussie dollar
NZ $33, 020 = $25,941.87 AUD yearly net
$12 per hour, 38 hours per week.
Gross- $456 week ( 23,712 Yearly )
Net- $369.36 Week ( 19206.72 Yearly )……All Kiwi dollar,
Converted to Aussie dollar using- http://www.xe.com/ucc/=
$ 290.189 AUD per week( $15089.36 yearly )
And that is the standard wages in NZ, but, I execute subsequent endeavors to replenish my depleting or holy drum of finances; cash only.
In New Zealand, My friend is on the Eagle Air Beech 1900, based in a small north island town where living costs are minimal but lifestyle is rare-
First Officer
$42, 000 Gross yearly
$51.000 Gross yearly After allowances
He quoted 600 to 700 yearly flying
$33,020 Net ( After Tax and Student loan repayments ) ( not sure about Medical etc )
That equated to Aussie dollar
NZ $33, 020 = $25,941.87 AUD yearly net
Join Date: Jan 2006
Location: Antipodea
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Flysaucer1200,
I think since there 400,000 kiwis living in Oz it would be more relevant to convert their current oz salaries into kiwi ones!!
Exchange rates aside, if 19 passenger seats can gross you $42k a year how does 300 odd pax seats only gross you $50k a year as a 'Cruise F/O'?
I think since there 400,000 kiwis living in Oz it would be more relevant to convert their current oz salaries into kiwi ones!!
Exchange rates aside, if 19 passenger seats can gross you $42k a year how does 300 odd pax seats only gross you $50k a year as a 'Cruise F/O'?
PPRuNe Handmaiden
Forgot to add the allowances, tax free.
€10,000 per annum
$16,407.5
€10,000 per annum
$16,407.5
NZD$42000 for the last year + about $1000 allowances.. Did 265 hours flying.
Not in a regional carrier. Just got a cost of living increase which will show in the next financial year.
Not in a regional carrier. Just got a cost of living increase which will show in the next financial year.
B744 S/O with a fairly well known Australian Airline 
$125 000 gross +
$18500 tax-free allowances
but...$39500 tax!!! ouch
770hrs "stick"
approx. 6 weeks annual leave
$125 000 gross +
$18500 tax-free allowances
but...$39500 tax!!! ouch
770hrs "stick"
approx. 6 weeks annual leave
Quote:
"Exchange rates aside, if 19 passenger seats can gross you $42k a year how does 300 odd pax seats only gross you $50k a year as a 'Cruise F/O'?"
And there's the rub Bro'.
Love the way an Ejet gig attracts 80% less than the 737. But go the other way (and by a large margin), and what do you get? Mind you, this sort of "accounting" is what management bonuses are built on.
"Exchange rates aside, if 19 passenger seats can gross you $42k a year how does 300 odd pax seats only gross you $50k a year as a 'Cruise F/O'?
" And there's the rub Bro'.
Love the way an Ejet gig attracts 80% less than the 737. But go the other way (and by a large margin), and what do you get? Mind you, this sort of "accounting" is what management bonuses are built on.
Hmmm....was feeling seriously underpaid (about A$125k) as Capt on medium jet in exotic location (with various exotic diseases available for the more adventurous), but have to agree totally with titan uranus.
My family get to remain in Australia and have access to a good range of services, plus get to see me fairly frequently (dog only bites me occasionally), my transport, accommodation and basically all meals in aforementioned exotic location are provided, and my flying is fairly enjoyable.
More money would be nice, but isn't everything. One advantage I do have is that I work with some of the nicest people I've ever met (management excluded).
My family get to remain in Australia and have access to a good range of services, plus get to see me fairly frequently (dog only bites me occasionally), my transport, accommodation and basically all meals in aforementioned exotic location are provided, and my flying is fairly enjoyable.
More money would be nice, but isn't everything. One advantage I do have is that I work with some of the nicest people I've ever met (management excluded).