How much tax can i expect to pay on whv?

dietdiva

My boyfriend just received his contract.On a whv his contract is for 6months with view to sponsorship after that- yipee.

Salary is $59 280 + superannuation + overtime at time and a half for first three hours and double thereafter

so 59280 divided by 52 is $1140 per week, how much would then go on tax roughly.

jackbhoy

Google "Australian pay calculator". There are tonnes of sites out there with tools that break your pay down into net weekly, monthly net pay etc.

mandrake04

Use http://www.paycalculator.com.au/

before 1st July
Weekly Gross $1140
Weekly Net $908.36

After 1st July
Weekly Gross $1140
Weekly Net $916.32


Also you are paying $17.10 pw ($889 a year) in Medicare Levy that you can claim back at the end of the tax year if you are not entitled to Medicare.

aido79

dietdiva wrote: »

My boyfriend just received his contract.On a whv his contract is for 6months with view to sponsorship after that- yipee.

Salary is $59 280 + superannuation + overtime at time and a half for first three hours and double thereafter

so 59280 divided by 52 is $1140 per week, how much would then go on tax roughly.

The amount of tax you pay has no relation to what visa you're on. Have a look at the tax calculator in one of the threads last week.

hussey

aido79 wrote: »

The amount of tax you pay has no relation to what visa you're on. Have a look at the tax calculator in one of the threads last week.

+1, it is important to note you are considered a resident for tax purposes though, so you get a tax free allowance

NoelAPM

hussey wrote: »

aido79 wrote: »

The amount of tax you pay has no relation to what visa you're on. Have a look at the tax calculator in one of the threads last week.

+1, it is important to note you are considered a resident for tax purposes though, so you get a tax free allowance

Is it not possible to be classes as a non resident if the wrong box is ticked? I figured that was my story. Roughly a 1/3 of my wage goes to tax! Madness! Good saving scheme tho!

Mellor

aido79 wrote: »

The amount of tax you pay has no relation to what visa you're on. Have a look at the tax calculator in one of the threads last week.

If you visa is a PR visa, you'll be entitled to Medicare so you won't be claiming the levy. But in general I agree with what you are saying.

NoelAPM wrote: »

Is it not possible to be classes as a non resident if the wrong box is ticked? I figured that was my story. Roughly a 1/3 of my wage goes to tax! Madness! Good saving scheme tho!

What you pay every week is just an estimate of what you should owe. Your tax isn't actually calculated until the end of the year. If you checked the wrong box you contributions are over-estimated. You could probably have fixed this earlier without waiting until you fill out a return.

hussey

NoelAPM wrote: »

Is it not possible to be classes as a non resident if the wrong box is ticked? I figured that was my story. Roughly a 1/3 of my wage goes to tax! Madness! Good saving scheme tho!

The double negative confuses me as to what you are asking.
in theory you should be classed as what ever you ticked. If you ticked 'resident' and you are being taxed as a non resident then talk to your pay roll. You can claim it back at tax time either way.

zweton

Is it just super your entitled to claim back?

hussey

zweton wrote: »

Is it just super your entitled to claim back?

You can only claim super back when you leave Australia you can claim tax back after July 1st

Mellor

zweton wrote: »

Is it just super your entitled to claim back?

Super is you pension, you get that back (minus tax) when you leave oz for good, or when you retire.

After july to claim back any excess tax you paid over the amount due.

dietdiva

Thanks everyone for the replies, great to get an idea of incomings etc.

nob rainer

dietdiva wrote: »

My boyfriend just received his contract.On a whv his contract is for 6months with view to sponsorship after that- yipee.

Salary is $59 280 + superannuation + overtime at time and a half for first three hours and double thereafter

so 59280 divided by 52 is $1140 per week, how much would then go on tax roughly.

some very good posts before mine but remember if you have not lived there ie Australia . every thing is double the price, as i lived there for a year . made enough to live and enjoyed everybit of it but all the weekly sundries were double what they are here . except for beer amazingly enough !! enjoy your trip .

muffinman

Instead of opening a new thread, I'll post 2 quick questions here..

1. I pay 29% tax on all my earnings while on a WHV. Because I'll only be here for 3 months, I don't believe I can claim any of this back. Just my super. Correct?

2. If I'm considered an Irish resident for tax purposes, it possible to somehow assign my Irish tax credits to my Australian income as a result of the double taxation treaty? Haven't seen any mention of this before so I assume not...

Thanks

Mellor

muffinman wrote: »

1. I pay 29% tax on all my earnings while on a WHV. Because I'll only be here for 3 months, I don't believe I can claim any of this back. Just my super. Correct?

Not a resident so tax is correct at 29%
Claiming back tax is for claiming back excess paid plys tax deductable expenses. Since its a flat 29% every week , you won't have paud excess. But you may have expenses which you can claim.

2. If I'm considered an Irish resident for tax purposes, it possible to somehow assign my Irish tax credits to my Australian income as a result of the double taxation treaty? Haven't seen any mention of this before so I assume not...

Thanks

You are a non resident not an irish resident. Can't use your tax credits.

muffinman

Mellor wrote: »

Not a resident so tax is correct at 29%
Claiming back tax is for claiming back excess paid plys tax deductable expenses. Since its a flat 29% every week , you won't have paud excess. But you may have expenses which you can claim.

Thanks. Such as?

You are a non resident not an irish resident. Can't use your tax credits.

I'm a non-resident for Australian tax purposes, but I am an Irish resident for Irish tax purposes. Still pretty sure that Irish tax credits are only valid for income subject to Irish tax anyway...

Mellor

muffinman wrote: »

]
Thanks. Such as?
.

Depends on the job.
Tools, materials, a car etc.
Generally thing you had to pay for for work that you had to foot the bill for. Generally.

I'm a non-resident for Australian tax purposes, but I am an Irish resident for Irish tax purposes...

Well we were talking about tax on money earned in Australia.