[suzie5555]

Hi

Trying to get an idea of the tax,ibs,health etc deductions to compare to UK. Is there a good online calculator and also what is lafta allowance? Many thanks

 

[Guest]

TAX Calculator

pay calculator

But there are also taxes you might pay if you dont have private health insurance. There is also a lot you can claim back from the Government.

Dont include Living Away From Home Allowance as it wont exist for migrants shortly unless you have a home in Australia and are working away from it temporarily, renting another home to do so whilst maintaining the first.

 

[suzie5555]

Great thanks. In terms of private health insurance do you know of any providers I could Google for the cost of 2 adults and 2 children please.

 

[Guest]

Private Health Insurance - iSelect

Comparison website

Oh if you have kids and are PR you might be entitled to some centrelink payments or childcare rebates, along with the education rebate too

 

[Jayceee]

I had a look at the ATO tax tables for 2012 and the tax on $130,000 is $38,736, plus 2% Medicare levy, payable even if you have private health cover

 

[Guest]

Seems a huge amount but remember everyone in Australia files a tax return each year regardless of if you are taxed at source. Most people get money back from a few $ to several thousand because you can claim a huge amount of work, study & child related expenses back.

Did you check out centerlink, childcare and the education tax refund?

 

[suzie5555]

Great thanks if you are on a 457 do you get any tax breaks for children. Are there any other deductables from salary I have forgotten?

 

[Guest]

Nope no family benefits or childcare payments/rebates unless you are PR or Citizen. Though you do still have to pay the medicare levy.

 

[mamacubed]

healthcare expenses

.... Though you do still have to pay the medicare levy.

I'm here on a 457 and we apply to medicare each year for a medicare levy exemption certificate (provide a copy of your passport and visa and fill out a form found online.) This gets filed with your taxes and you get a refund of your medicare levy.

As for insurance we use IMAN Australian Health Plans. 3 years ago the cost was approx $1400 every 3 months for a family of 5. Just got notified that it's going up to $2400 (I think it's because of our claims for orthodontist.) We have the most extensive coverage they offer and in the 3 years they have reimbursed EVERY medical expense we have had (including glasses/contact lenses for 4 ppl, dr visits, xrays, braces, prescriptions, etc.) They do have less extensive plans.

Another things to consider:
Some states (we're in NSW) require you to pay for school for your kids. We pay $4500 per year per kid to attend public school in NSW.