Guest nick toni Posted January 11, 2013 Report Share Posted January 11, 2013 Hi Guys I have been offered a job in Perth however I have a family of 4 (Me wife 2 young kiddies) and I am wondering if the package I have been offered is any good and livable?. We will need to rent. Could someone explain all this stuff as totally confused and what would it mean after taxes etc what would I take home? Any help would be much appreciated. package : [TABLE] [TR] [TD][/TD] [TD=width: 76] Full time equivalent [/TD] [TD=width: 93][/TD] [TD=width: 120][/TD] [/TR] [TR] [TD]Base Annual Salary – Level 8.1 [/TD] [TD] $75,952 [/TD] [TD] Cash component [/TD] [TD][/TD] [/TR] [TR] [TD]Annual leave loading [/TD] [TD] $1,022 [/TD] [TD] Cash component [/TD] [TD]17.5% loading paid on four weeks annual leave per annum [/TD] [/TR] [TR] [TD]Salary sacrifice benefit (reduction of taxation paid ) [/TD] [TD] $10,368 [/TD] [TD] Cash equivalent [/TD] [TD]Assumes that staff salary sacrifice to the maximum of $30,000 grossed up value plus $5,000 per annum FBT Exempt Meals and Entertainment benefit.. [/TD] [/TR] [TR] [TD]Motor Vehicle [/TD] [TD] $13,080 [/TD] [TD] Cash equivalent [/TD] [TD]Provision of a fully maintained motor vehicle for business and personal usage. [/TD] [/TR] [TR] [TD]Superannuation [/TD] [TD] $6,835 [/TD] [TD] Cash component [/TD] [TD]9% Superannuation paid to a complying superannuation fund of choice. [/TD] [/TR] [TR] [TD][/TD] [TD] $500 [/TD] [TD] Cash component [/TD] [TD] Mobile Phone allowance [/TD] [/TR] [TR] [TD] Total Employment Package Value [/TD] [TD] $106,637 [/TD] [TD][/TD] [TD]Per annum [/TD] [/TR] [/TABLE] Quote Link to comment Share on other sites More sharing options...
ali Posted January 11, 2013 Report Share Posted January 11, 2013 Is the car part of a lease scheme? You could buy your own, I think with the lease scheme you have to do a certain number of Km's Quote Link to comment Share on other sites More sharing options...
Guest nick toni Posted January 11, 2013 Report Share Posted January 11, 2013 Hi ali thanks for answering, not sure about the car but I do know it will do high milage! what do you think and what does it all mean ? Feel like a thick pom lol Quote Link to comment Share on other sites More sharing options...
Gaz H Posted January 11, 2013 Report Share Posted January 11, 2013 Hi, I can only go off of what I've read and I may be corrected but here goes: - the base salary is what you are paid before tax (the tax brackets are different in oz but it works out very roughly around the same, check out the government site for tax). - The annual leave loading is what your 4 weeks holiday per annum is worth - The motor vehicle is what your company car is worth in the eyes of the tax man per annum - superannuation is your pension fund (the company will contribute $6,835 per annum into your pension fund) - phone, you will be given a mobile or the cash equivilent ($500) per annum Not sure about the sallary sacrifice but they take all that into concideration to come up with a total package of $106,637. but the way i see it (assuming you have a company car and mobile phone) you will actually be paid $75,952 before income tax per annum. Hope this helps. Quote Link to comment Share on other sites More sharing options...
Guest nick toni Posted January 11, 2013 Report Share Posted January 11, 2013 Great help Gaz thanks. Quote Link to comment Share on other sites More sharing options...
Gaz H Posted January 11, 2013 Report Share Posted January 11, 2013 No probs. just out of interest what is the job? Quote Link to comment Share on other sites More sharing options...
Guest nick toni Posted January 11, 2013 Report Share Posted January 11, 2013 I train guide dogs and the blind people. Quote Link to comment Share on other sites More sharing options...
Rossmoyne Posted January 13, 2013 Report Share Posted January 13, 2013 Taking my hat off to you Nick - your job satisfaction must be immense! Good Luck with the move - hope it goes smoothly. Quote Link to comment Share on other sites More sharing options...
Guest nick toni Posted January 13, 2013 Report Share Posted January 13, 2013 Thanks Ross not 100% if I am coming to Perth yet as have been offered same type of job in Vancouver Canada so got to sit down and weigh up the pros and cons lol ie all this stuff included in the wage package if I really new what it all means? Gaz H tried to explain it (thanks Gaz) but wanted someone who lives there and understans it all to give me some info. Nick Quote Link to comment Share on other sites More sharing options...
Rossmoyne Posted January 18, 2013 Report Share Posted January 18, 2013 Hi Nick - so hard advise you on the money front. Having a vested interest being a long time financial supporter of Guide Dogs WA, I say come here! But I totally get where you are coming from. Having had a look at your original post, I realise that you will be starting at the base point of the salary scale, but that means that you will increase every year and would receive a totally funded car. You might wish to look at the Australian Tax Office website http://www.ato.gov.au to see how your prospective income would affect you. And you might also want to think about whether your family would be happier in the colder snowier climes of BC or in the warm mediteranean climes of Perth WA. Good Luck with the decision but I do hope WA wins!!! Quote Link to comment Share on other sites More sharing options...
Guest Hammer Posted February 14, 2013 Report Share Posted February 14, 2013 Need to understand what your expenditure is going to include to give a useful opinion. i.e. are you renting? For example my base salary is higher, I have one young child and the mrs to support. We had to lease a car at 775 pm and pay 450pw rent and have no money left at the end if the month.... Quote Link to comment Share on other sites More sharing options...
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