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Living in Perth & Thinking of Heading Home

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Comments

  • #52
    d.pop
    Registered Users, Registered Users 2 Posts: 271 ✭✭d.pop


    lg123 wrote: »
    thanks for the follow up. how about income tax, someone was telling me its increased significantly??

    Haven't been paid yet, monthly salary and not due for few weeks, will let you know.


  • #53
    Head The Wall
    Registered Users, Registered Users 2 Posts: 2,892 ✭✭✭Head The Wall


    I paid a lot more in income tax in the UK than in Ireland but I was much happier to be passing them the money than to the shower of wasters in the Dail.

    Consumption taxes are higher in Ireland though, that's where you might feel it more but your lifestyle choices can negate that to a certain extent


  • #54
    lg123
    Registered Users, Registered Users 2 Posts: 1,039 ✭✭✭lg123


    Head The Wall wrote: »
    I paid a lot more in income tax in the UK than in Ireland but I was much happier to be passing them the money than to the shower of wasters in the Dail.

    Consumption taxes are higher in Ireland though, that's where you might feel it more but your lifestyle choices can negate that to a certain extent
    yes, its a different kinda approach. Britain is higher income tax and low VAT, Ireland used to be the opposite - don't now how things are now.


  • #55
    stickman1019
    Registered Users Posts: 165 ✭✭stickman1019


    Just an update on my situation guy, on temporary lay-off from work at the moment a week after I signed a 12 month lease. Things are looking fairly bleak on the work side of things. Just trying to sort out my notice period at the moment and get the job hunt rolling again


  • #56
    stickman1019
    Registered Users Posts: 165 ✭✭stickman1019


    stickman1019 wrote: »
    Just an update on my situation guy, on temporary lay-off from work at the moment a week after I signed a 12 month lease. Things are looking fairly bleak on the work side of things. Just trying to sort out my notice period at the moment and get the job hunt rolling again

    I know its a bit late in the day but just an update for anyone who is interested.
    Finish up working with my company and landed a job with a Tier 1 mining company. So far looks like things going quite with my previous employer could be a blessing starting the FIFO roster in a few weeks so should be interesting.


  • #57
    Timistry
    Registered Users, Registered Users 2 Posts: 754 ✭✭✭Timistry


    Bump!

    How do people adjust to drops in income when they go home? Tax seems to gobble up any decent income earned.

    I have never earned what would be considered to be 'great' money in Australia. But at the end of every week I had money left over to do as I please with. While things here are very expensive, I feel that the cost of living is probably cheaper than Ireland given the amount of disposable income available and the very progressive tax system.

    The above is making me very apprehensive about going home as one has to afford to have some sort of quality of life.

    Would probably be on 35K if I got a job back home, not sure that would cut it...


  • #58
    seachto7
    Closed Accounts Posts: 7,863 ✭✭✭seachto7


    Timistry wrote: »
    Bump!

    How do people adjust to drops in income when they go home? Tax seems to gobble up any decent income earned.

    I have never earned what would be considered to be 'great' money in Australia. But at the end of every week I had money left over to do as I please with. While things here are very expensive, I feel that the cost of living is probably cheaper than Ireland given the amount of disposable income available and the very progressive tax system.

    The above is making me very apprehensive about going home as one has to afford to have some sort of quality of life.

    Would probably be on 35K if I got a job back home, not sure that would cut it...

    You could get by on it alright. Depends...


  • #59
    Peregrinus
    Registered Users, Registered Users 2 Posts: 26,690 ✭✭✭✭Peregrinus


    Timistry wrote: »
    Bump!

    How do people adjust to drops in income when they go home? Tax seems to gobble up any decent income earned.

    I have never earned what would be considered to be 'great' money in Australia. But at the end of every week I had money left over to do as I please with. While things here are very expensive, I feel that the cost of living is probably cheaper than Ireland given the amount of disposable income available and the very progressive tax system.

    The above is making me very apprehensive about going home as one has to afford to have some sort of quality of life.

    Would probably be on 35K if I got a job back home, not sure that would cut it...
    I think you may be needlessly worried.

    Country-to-country tax comparisons are difficult because tax systems are different around the margins (how they treat married vs single status, for example) and when you include social security it becomes more difficult (because social security contributions in one country may carry benefits that are not provided in another). But if you plug a €35,000 salary for a single person into the PWC Ireland tax calculator you get a combined tax/PRSI/USC/etc rate of 21%. If you plug the AUD equivalent into a comparable Australian site you get a rate of 19%. Lower, but not massively lower - it works out at about €13.50 a week difference.

    This is likely to be eclipsed, one way or the other, by differential rates of pay for the job you do (you may be earning more or less than €35,000 in your Australian job) or differences in your circumstances (you might have more favourable tax treatment in Ireland if you are married, or have a mortgage) or by differences in the cost of living between Ireland and Australia.


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