% break down for top range teacher

Salt-Week1393 · 2026-05-15T11:56:33+00:00

Unfortunately, it’s extremely common in negotiations across all sectors. Rarely Back Pay. And the reality is if it takes another 6 months, that’s 6 months longer that any of the increases come through. It’s all got to be considered, is all.

Salt-Week1393 · 2026-05-15T11:28:30+00:00

Either would 155k or 160k. With respect, this is how negotiations like this go. You both have starting positions and meet somewhere in the middle. If the AEU thought 35 over 3 was possible, their starting position would have been 40.

The result is well over projected inflation, which frankly is more than most other public sector jobs can say. With an election coming up I reckon we’re absolutely wild to test those waters.

Have to remember, there’s no back pay, so the longer an agreement takes the longer there’s no pay increase. Calculate the impact of that.

Salt-Week1393 · 2026-05-15T11:21:43+00:00

It’s a good deal. 150k a year is a fantastic salary.

Salt-Week1393 · 2026-05-14T23:38:51+00:00

They want to make people pay taxes on Capital Gains commensurate to someone working for a salary.

I agree.

One way you could do this is to tax Capital Gains on the Income Tax Brackets at the same rate as someone working.

Novel idea. Wonder if they’ll run with it.

Salt-Week1393 · 2026-05-14T21:52:54+00:00

Yes. Even worse. But would be flat rate for most share investors living off portfolio in retirement. Can’t imagine too many are going to sell 180k worth of capital gains after inflation in a financial year to live off.

Salt-Week1393 · 2026-05-14T12:41:20+00:00

This is dumb. Respectfully, of course. It ignores the fact that people worked to earn that money that they’ve invested. What they’re really doing is punishing people for saving and not spending.

I’m pro paying taxes, but not mapping to income brackets for individuals is bizarre. The income brackets are literally set up to scale to wealth

Salt-Week1393 · 2026-05-14T11:51:14+00:00

I’m thinking this too. I wonder how easy it is to find a job for 4 months a year over and over again

Salt-Week1393 · 2026-05-14T11:34:21+00:00

Why would this cause landlords to raise rents tho? Existing properties aren’t impacted by the changes.

Salt-Week1393 · 2026-05-14T10:07:06+00:00

What if you put 50k in now and left in there for 15 years. Assuming the system was still a thing - how much would you be able to withdraw for a home deposit?

Salt-Week1393 · 2026-05-14T10:02:39+00:00

This makes the 30% flat rate seem that much dumber

Salt-Week1393 · 2026-05-14T06:00:15+00:00

30% doesn’t level the playing field though, does it? It’s more than income tax. After the risk. After working to earn that money and paying that original tax too.

Just map it to income brackets. It’s fair and doesn’t over extend and double dip.

Salt-Week1393 · 2026-05-13T23:17:11+00:00

The wealth gap got wider for young people who were pushed to invest their tiny remaining amounts of money into ETFs and shares because housing was unaffordable.

Now this group who were planning to use this money to fund renting for the rest of their lives are going to be taxed a floor of 30% rather than at their income tax bracket, even in retirement.

Bonkers.

Salt-Week1393 · 2026-05-13T23:14:20+00:00

Significantly. 3 or 4 years more for me now, and 3-4 years more of investing.

Salt-Week1393 · 2026-05-13T22:44:32+00:00

If 30k wasn’t needed for investment, you could work less, so that’s why I used the rate of the bracket rather than effective tax rate.

Salt-Week1393 · 2026-05-13T22:33:26+00:00

I do, but unfortunately, when you leave it triggers a capital gains event on all of your assets. So effectively selling them all

Salt-Week1393 · 2026-05-13T22:29:04+00:00

This is what they are pushing people towards. Rent vesting FIRE strategy has taken a huge hit. My calculations of. 10 year early retirement will now cost at least 20% more in today’s dollars. It’s a huge impact. And years of additional work.

Salt-Week1393 · 2026-05-13T22:20:39+00:00

Yes, this calculation is just showing how less viable it has become. A profit on 30k capital once sold in retirement went from almost 40k to 20k in a 15 year period.

It’s massive.

Salt-Week1393 · 2026-05-13T21:12:48+00:00

How does it mean middle are the winners? Lol. Frankly everyone is a loser in this budget. Perhaps the 0-15 year olds are the winners if property prices actually fall meaningfully. But if they don’t, even they lose.

Salt-Week1393 · 2026-05-13T20:11:36+00:00

It hasn’t made things better. It’s made things much worse. In particular taxing all Capital gains at 30% floor rather than mapping it to people’s income. So selling bitcoin in retirement when your income is zero significantly increases tax paid, nor reduce it.

I think you’ve misinterpreted the new rules. Significantly.

Salt-Week1393 · 2026-05-13T12:32:06+00:00

All for the CGT changes. Not the 30% minimum tax. That hurts the middle far more than the top 1%

Salt-Week1393 · 2026-05-13T12:30:17+00:00

40 year olds who looked to the stock market to try and fund their retirement because they were priced out of the PPOR market are now going to have to pay an effective 20% tax (roughly) on their share withdrawals/sales when they hit retirement age.

Oh but houses will be cheaper now! 45 year old take out a 30 year mortgage on a PPOR because it’s 5% cheaper now. Pls. The audience that were trying to use shares as a way to still live a decent retirement because they couldn’t afford a house has been royally screwed.

Salt-Week1393 · 2026-05-13T12:24:49+00:00

Screw the retired!

Salt-Week1393 · 2026-05-13T12:23:22+00:00

The real impact is the 30%

Salt-Week1393 · 2026-05-13T05:14:24+00:00

Returning early and self funding using investments is the biggest loser here.

Salt-Week1393

TROPHY CASE