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Hi if salary in Perth is going to be 130000 and proportion of that roughly 10000 is superanuation pension. How do I work out tax and insurance implications to go give me rough idea of monthly net take home pay. Any help appreciated I am finding the tax and insurance side of things complicated.
 

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Statutory Compulsory Super is normally in addition to salary and is paid by the employer,
are you sure you need to deduct it from your Salary ?

Tax is roughly 30% of Salary plus an additional 1.5% for Medicare

I don't know what the insurance you refer to is, but there is no other compulsory deductions and Medicare covers healthcare such as GP visits, scripts and all Public hospital costs.

If you mean Private Health insurance that's optional and covers choice of doctors in Hospital, elective surgery and some dentistry. Even with Private Health Insurance if you present at a private hospital with something serious, they'll put you in an ambulance and send you to a public hospital which are better resourced for that.
 

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Hi if salary in Perth is going to be 130000 and proportion of that roughly 10000 is superanuation pension. How do I work out tax and insurance implications to go give me rough idea of monthly net take home pay. Any help appreciated I am finding the tax and insurance side of things complicated.
try aust tax office website. ato.gov.au
 

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Hi if salary in Perth is going to be 130000 and proportion of that roughly 10000 is superanuation pension. How do I work out tax and insurance implications to go give me rough idea of monthly net take home pay. Any help appreciated I am finding the tax and insurance side of things complicated.


Monthly net home pay would be approx $6,500
 

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According to Tax Calc: $1642.31 per week, ie $7116.68 per calendar month. That is if you have no deductions and there are plenty that you can avail yourself of. On that salary I would have an accountant to fill out my return. You'd be amazed at how they can reduce your tax bill.
 
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