Working Holiday Makers Tax Rates 2024-25.

Working Holiday Makers Tax Rates 2024-25.

The tax rates for Working Holiday Maker visa holders, for the year starting from 1 July 2024, are shown below.

They apply for visa subclasses 417, 462 and 408.

These visa holders do NOT have a tax free threshold.

Taxable Income and Tax Rates … Read the rest

Average Weekly Earnings November 2023.

Australian Average Weekly Earnings.

Average weekly ordinary time earnings for full-time adults, in Australia, was $1,888.80 in November 2023, according to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS).

Bjorn Jarvis, ABS head of labour statistics, said: “The annual increase of 4.5 per cent, Read the rest

Australian Minimum Wage July 2023

2023/24 Australian Minimum Wage.

On 2 June 2023, the Fair Work Commission announced it will raise the national minimum wage by 5.2% from 1 July 2023, taking the permanent workers minimum wage to $23.23 per hour, or $882.80 a week for full-time workers.

Casual Workers minimum wage 2023/24.

The national … Read the rest

Does a base salary include super and income tax in Australia?

Under Australian legislation, your employer must generally pay 10.5% on top of your salary into a super fund.

This means that your base salary is before Super.

It is also before tax.

So, if you earn $76,700 as a base wage, your employer must pay an extra $8,053.50 into your … Read the rest

Are the salaries advertised in Australia normally inclusive or exclusive of superannuation?

Super is a contribution on top of your salary and wages.

A quoted salary or wage, must be just that, your salary or wage, and you should expect Super to be in addition to that, at the rate specified by law. This rate can change by law.

An employer is … Read the rest

Average Australian Earnings Nov 2022

November 2022 Average Earnings.

ABS estimates for average weekly ordinary time earnings for full-time adults (seasonally adjusted):

$2,091.20 (public).
$1,874.40 (private).

$1,857.50 (public).
$1,573.00 (private).

This averaged out at a 3.4% increase in the last 12 months to November 2022.

Note: Average wages are often about 20% higher Read the rest