Decent Salary for family with 2 children

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Decent Salary for family with 2 children


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Old 16th July 2017, 03:24 PM
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Default Decent Salary for family with 2 children

Hi,

My application for skilled migrant resident visa has been accepted.

Further I am in the final stage of discussion for the job with an organization in Auckland.

I need some guidance on understanding what would a the right salary at NZ.

I have close to 20 years of IT experience currently being recruited for the post of Program Manager/Delivery Manager to manage a client delivery e2e.

Also want to understand on cost of living if I have spouse and 2 children - one going to school (grammar) and another to join university (under graduation).

Any pointers / guidance will be helpful.

regards,
Saby

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Old 19th July 2017, 01:54 PM
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Obviously the answer can be very subjective as we all have different desires etc.
In my opinion, a family of 4 comfortably living in Auckland with enough salary to maybe save a little and afford to have fun times and a holiday every now and then, I'd say at least $120-$130k per annum.
Cost of living is high.
Your highest expense will be rent and for that you'll need at least NZ$600 per week for something decent after paying out around NZ$3500 to secure a home as a tenant.
You then need to consider power (electricity, maybe gas), water, refuse collection, contents insurance, internet/phone line, mobile phones, transport - maybe a car or public transport. If you have a car or cars then you need to think about insurance, vehicle license (registration), maintenance/Warrant of Fitness and fuel.
School fees for the youngest....even state schools have compulsory and voluntary fees to pay plus stationary/uniforms/trips etc. I expect the fees for the eldest at University will be high. Also consider out of school activities clubs/groups you'd want children to attend.
Then consider fees to see a GP, dentist, meds at the pharmacy etc etc.
Have a look on www.countdown.co.nz You can do an online shop to see what you'll be spending on groceries.
It's never ending.
Not trying to put you off, just hoping you realize that living here is expensive and salaries (especially in Auckland) don't allow for it in general.

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Old 29th July 2017, 08:46 AM
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Hi escapedtonz,

Thanks for your response. Much Appreciated.

1. >>Your highest expense will be rent and for that you'll need at least NZ$600 per week for something decent after paying out around NZ$3500 to secure a home as a tenant.

Is this for 2 bedroom flat in city or in Suburbs? How is the public transport if plan to take something in suburb . I don't foresee buying car for first 6 months at least.

2. >>School fees for the youngest....even state schools have compulsory and voluntary fees to pay plus stationary/uniforms/trips etc.

Any idea how much should I consider per month cost for my child in Class VII-Fees plus extra.

3. Income Tax - I heard this is flat 30%. Do you get any deduction if you have children in school/college?

4. Are they any area in Auckland which is inhabited predominately by India/Asian community. I saw many such areas in USA.

5. Also wanted to understand if there is any minimum salary and any minimum benefits which the employer has to provide as part of NZ Govt rules / Labor laws to their employee.

regards,

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Old 29th July 2017, 10:03 PM
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Quote:
Originally Posted by Saurabh.iimb View Post
Hi escapedtonz,

Thanks for your response. Much Appreciated.

1. >>Your highest expense will be rent and for that you'll need at least NZ$600 per week for something decent after paying out around NZ$3500 to secure a home as a tenant.

Is this for 2 bedroom flat in city or in Suburbs? How is the public transport if plan to take something in suburb . I don't foresee buying car for first 6 months at least.

2. >>School fees for the youngest....even state schools have compulsory and voluntary fees to pay plus stationary/uniforms/trips etc.

Any idea how much should I consider per month cost for my child in Class VII-Fees plus extra.

3. Income Tax - I heard this is flat 30%. Do you get any deduction if you have children in school/college?

4. Are they any area in Auckland which is inhabited predominately by India/Asian community. I saw many such areas in USA.

5. Also wanted to understand if there is any minimum salary and any minimum benefits which the employer has to provide as part of NZ Govt rules / Labor laws to their employee.

regards,
No that was just a generalization for your size of family thinking you'd be looking for a 3 bed house.

1. For a 2 bed apartment it'll be at least $400 per week for Auckland suburbs up to $2000 per week for city centre luxury. Unlikely you'll find anything decent in the area classed as city centre for less than $500/$550 per week.
Public transport is fine. There are many buses and depending where you live there are train services.

2. State schools are the cheapest and generally you will pay the fees up front for the year so maybe $300 for the compulsory fees plus maybe a similar amount for the voluntary fees (which you would be advised to pay) and on top you may also have to pay for stationery and of course uniforms and any trips etc. Difficult to put a monthly fee on it as it's unlikely you would be paying monthly.
If you go for a state integrated school or private school then of course there will be attendance fees in the $thousands per term.

3. You have heard incorrectly. The income tax you pay is dependent on how much you earn.
20172018
Income Tax rate Effective tax rate
$0 $14,000 10.5% 10.5%
$14,001 $48,000 17.5% 10.5 - 15.5%
$48,001 $70,000 30% 15.5 - 20.0%
Over $70,000 33% 20.0 - 33.0%
On top of this you'll also have to pay a mandatory % for ACC contributions (around 1.7%) and maybe also towards Kiwisaver which is optional (3, 4 or 8 %). Once all these are taken from your gross pay you will get your net or take home pay.

No deductions or benefits for children in school or college. There are benefits for families on low income etc but unlikely you'd qualify for anything for the first 12 months at least.

4. I'm sure there are but I've no idea as don't live in Auckland.

5. Of course NZ has employment laws and minimum rates of pay and conditions. You'd be advised to research.
Try here https://www.employment.govt.nz/hours...um-wage-rates/

Click on the other tabs for relevant information.

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EOI submitted Jan 2010. ITA Jan 2010. ITA submitted Apr 2010. RV approved June 2011. Passports stickered and back to us Aug 2011. Secured job Dec 2011. Arrived Mar 2012. PRV Mar 2014......now eligible for citizenship but at $1175 Yeah but Nah!!!
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