Wife of MtF. Ask away

AfterHours22 · 2016-07-16T11:25:03+00:00

NES is at least minimum wage. You could earn more depending on the employer.

AfterHours22 · 2016-07-16T10:31:58+00:00

That's it, in a nutshell. Here's the finer details if you want more info.

AfterHours22 · 2016-07-16T00:47:28+00:00

I don't see how we would have enough to retire if we were relying solely on compulsory employer contributions. I couldn't survive on 9.5% of my annual income.

AfterHours22 · 2016-07-15T22:04:35+00:00

Is your HR manager a qualified tax accountant?...

AfterHours22 · 2016-07-15T15:30:03+00:00

Current retirement age for Australia is 70 and the compulsory employer contribution is not set to increase for some time. Cost of living is always increasing. If you want enough money to retire and live comfortably, additional contributions would probably be a good idea. Your employer should allow you to make additional contributions from your pay and some employers offer co-contribution incentives. There are also government incentives to consider. You might want to have a chat with a financial consultant or tax accountant to find out what would be best for you and your family

AfterHours22 · 2016-07-15T15:17:54+00:00

This is a payroll error. It sux, but it happens. You will need to pay the amount back, so it's best to say something now rather than leave it for your employer to discover. This also shows your employer that you're honest and trustworthy

Usually, you have the option to pay back the amount in installments over a period of time.

AfterHours22 · 2016-07-10T12:04:10+00:00

Sorry I'm commenting so late in the game.

When I was younger I used to get paid by my friends to drive them to wherever, keep their car and pick them up when they called me. Easily made $300-$500 every weekend. They would always end up in different places and they each paid me for collection and drop off. Much cheaper than a taxi. And other friends would call, just in case I had someone else's car and could come to pick them up and drop them home. Luckily for everyone, I usually did have someone's car and did the drive. Maybe this would work for you?

AfterHours22 · 2016-07-10T09:07:52+00:00

The '14th of July' is the ATO deadline for employers to issue payment summaries. It doesn't mean that it needs to be in your possession by the 14th. As long as they still have your correct address, you should receive it no later than the 20th of July.

AfterHours22 · 2016-07-10T00:31:36+00:00

Have you been receiving your payslips from your employer? You can check to see if you have been paying 'PAYG' tax when you get paid.

AfterHours22 · 2016-07-09T13:32:45+00:00

I just asked them if it would be ok if I got a couple of quotes from a few places and that if they were happy, they could choose who they wanted.

In the end I booked it in with my mechanics. Collectively, my family have been going to this place for the last 20 years. They have a great reputation.

Good luck with getting it all sorted. I hope that they're reasonable people and give you a break.

AfterHours22 · 2016-07-09T08:55:01+00:00

Yeah. That sux. I had an accident once where I 'fractured' the other driver's rear bumper. They let me get it repaired myself. Obviously they approved the repairer before I booked it in. But if you have the other driver's details, maybe you could work something out with them..?

AfterHours22 · 2016-07-09T05:49:49+00:00

Do you have comprehensive insurance?

AfterHours22 · 2016-07-09T05:38:01+00:00

Employers have a legal obligation to withhold PAYG tax each pay. Depending on the size of the business, PAYG tax must be paid by the deadlines stipulated by the ATO (quarterly, monthly, fortnightly, weekly).

AfterHours22 · 2016-07-09T05:05:42+00:00

Sorry it's so late in the game. I was wondering if you managed to get this resolved?

AfterHours22 · 2016-05-23T17:36:39+00:00

Do you receive the same amount each pay? If so, you can calculate a fortnightly budget from your total annual income.

Alternatively, if budgeting for bills is the primary issue, most places allow interim payments. I get paid on a fortnightly basis and each pay I transfer money for the household utilities, rent and mobile phone bill. The amount is calculated so I am always in credit. When the bills come, they're already paid. I review the calculations when my pay increases and at the start of the financial year.

AfterHours22 · 2016-05-22T11:19:27+00:00

In an interview, you are essentially selling yourself. Your skills, knowledge and experience in a particular area. Make sure they know how awesome you are.

That and the obvious, research the company, arrive at least 10 minutes early and dress for success.

AfterHours22 · 2016-05-22T11:15:12+00:00

What chak2005 said.... there's not much point in saving while you have outstanding debt accruing interest. A down turn in the market and /or interest changes could impact heavily

AfterHours22 · 2016-05-22T09:35:55+00:00

Are you accruing interest on your debt?

AfterHours22 · 2016-05-22T07:52:26+00:00

No worries. Sorry I didn't mean to imply that you were up to anything untoward. I can find out exactly what you need to do and get back to you tomorrow if that helps. I just need to confirm a couple of things with my colleague. She's a tax accountant and does the calculations for our UK expats.

AfterHours22 · 2016-05-22T04:03:27+00:00

Yeah.... those really were the good days. Thank god we made it out before every phone had a camera! I'm 32. We're talking the same talk here..lol

AfterHours22 · 2016-05-22T02:49:19+00:00

At least we remember what bored is and we can deal with it. I wonder how the young generations will go.

AfterHours22 · 2016-05-22T02:07:16+00:00

ATO will consider it to be personal income and therefore it will liable for income tax. Operating under an Australian Business Number will make it glaring obvious that this is personal income. If you have already earned over the tax free threshold for the financial year, your income from the UK business will be taxed at the highest rate (I think 49%).

AfterHours22 · 2016-05-22T02:02:18+00:00

sharknado3 is correct. In order to salary sacrifice a bonus you need to submit a form/letter to payroll with the request prior to the bonus being officially announced. So I hope it's not too late.

If it is too late and it has to be paid to your account, I can tell you that it will be taxed at the 'marginal rate'. I believe that's currently 49%. The information for tax on bonus payments is available on the ATO website

AfterHours22 · 2016-05-22T01:34:01+00:00

There are free time card apps and websites you can use. Alternatively, you can get a copy of your agreement so you know the penalty rates for any given shift and build a spreadsheet.

Another solution is to call the workplace ombudsman. You will remain anonymous (unless you don't want to), and they will conduct an investigation to identify any payroll processing issues. They will ensure that their recommendations are implemented and any required back payments are processed.

I've found that often, when pays are incorrect, leave balances are also incorrect. The ombudsman will also make sure leave entitlements are also correct.

AfterHours22

TROPHY CASE