Dean7133 Posted February 26, 2021 Share Posted February 26, 2021 Hi guys , wondering if anyone could kindly offer me some advice? We are currently living in the UK and have started the visa process to move over to Brisbane with our 2 year old daughter. I have put some figures together for a estimated cost of living out there to make sure that it’s affordable. I have done this by reading over different forums ect ... but if anyone believes anything is incorrect or that I’ve missed anything could you kindly let me know. Salary’s ; My wife is a registered band 5 nurse in the UK with the majority of her experience being in aged care for the last 7 years. She will not have a job to go to when she arrives but working on salaries across different job sites and agencies as a minimum I would say she would be looking at $70,000 Aud. Take home pay after tax $4500.20 I had a business back home but has unfortunately had to close due to COVID most of my previous experience has been in field sales. To play it safe I have based my salary on the lower end of the scale just for now at $40,000 Take home pay after tax $3000 Combined salary’s after tax $7500 From this I calculate the following monthly outgoings ; mortgage repayments $2700 calculated at 4.35% ( could this be lower as we will be PR ) monthly groceries shop $1000 gas & electric supply $200 car insurance $70 fuel $100 2 mobile phone contracts $100 Health care $170 our daughter will be approx 3 years old when we arrive and have child care costs at $1600 ( please confirm if we get any help with this as permanent residence? ) Total ; $ 5940 Remaining $1560 looking at this figure I’m concerned that this doesn’t leave us with what we would require to sub stain a decent lifestyle over here. please could you kindly offer your thoughts / Advice and let me know if I’ve missed anything or made a mistake anywhere. Thanks Quote Link to comment Share on other sites More sharing options...
NickyNook Posted February 26, 2021 Share Posted February 26, 2021 (edited) x Edited February 26, 2021 by NickyNook Quote Link to comment Share on other sites More sharing options...
Dean7133 Posted February 26, 2021 Author Share Posted February 26, 2021 Thanks for your reply Nicky. sorry if I’m missing somthing but using the above calculator the figures above are close to what I’ve mentioned above. calculator shows wife’s salary $4705.25 net My salary $3009.42 net please could you kindly let me know where I’m going wrong here. Thanks again for your reply Quote Link to comment Share on other sites More sharing options...
Marisawright Posted February 26, 2021 Share Posted February 26, 2021 Have you allowed for superannuation in the salaries calculations? Salaries can be expressed inclusive or exclusive of superannuation, so it's vital to know which one you're using. Quote Link to comment Share on other sites More sharing options...
Dean7133 Posted February 26, 2021 Author Share Posted February 26, 2021 Thanks for your reply. yes I’ve included Super using this calculator ; https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj73IujxIfvAhUNWsAKHSBJDNIQFjAAegQIAhAE&url=https%3A%2F%2Fwww.money.com.au%2F&usg=AOvVaw3i-ZXeSqaiBHQsh3tpONwP Quote Link to comment Share on other sites More sharing options...
NickyNook Posted February 26, 2021 Share Posted February 26, 2021 26 minutes ago, Dean7133 said: Thanks for your reply Nicky. sorry if I’m missing somthing but using the above calculator the figures above are close to what I’ve mentioned above. calculator shows wife’s salary $4705.25 net My salary $3009.42 net please could you kindly let me know where I’m going wrong here. Thanks again for your reply Apologies - I misread your figures and realised what I’d written was nonsense... That’s why I removed my post. Quote Link to comment Share on other sites More sharing options...
Dean7133 Posted February 26, 2021 Author Share Posted February 26, 2021 No worries i was wondering where I went so wrong then ! Thanks for your reply Quote Link to comment Share on other sites More sharing options...
Skani Posted February 26, 2021 Share Posted February 26, 2021 You mentioned a mortgage. As a residence owner you will need to budget for council rates, water rates and building and contents insurance. Health care: I assume your figure includes private health insurance? That's not mandatory so you could save there. Quote Link to comment Share on other sites More sharing options...
Parley Posted February 26, 2021 Share Posted February 26, 2021 Mortgage rates should be 3% or less, but for budgeting purposes it is probably good to assume a higher rate in case rates rise in the future. Quote Link to comment Share on other sites More sharing options...
rammygirl Posted February 27, 2021 Share Posted February 27, 2021 I also think that $40k inc super is very low unless you are not planning full time work. My son takes home on average 25k after tax and super from his casual work at a restaurant whilst at uni. Quote Link to comment Share on other sites More sharing options...
Dean7133 Posted February 27, 2021 Author Share Posted February 27, 2021 Thanks for info , yes I realise that 40k is a low figure I was just working from worst case Sanrio Quote Link to comment Share on other sites More sharing options...
Ken Posted February 27, 2021 Share Posted February 27, 2021 4 hours ago, Dean7133 said: Thanks for info , yes I realise that 40k is a low figure I was just working from worst case Sanrio The problem is that if you take the worst case scenario you will get the result that it's not affordable because that what the worst case is. You probably will be in that worst case scenario to begin with (and should come over with enough in the bank to cover that period) but it's equally unrealistic to assume that will be your permanent situation. Minimum wage is $753.80 per week = $39,197.60 per annum plus Super and many industries have award rates which impose a higher minimum wage. 2 Quote Link to comment Share on other sites More sharing options...
Chortlepuss Posted March 11, 2021 Share Posted March 11, 2021 If your wife works in aged care as a nurse she may be able to salary sacrifice around $18k (this can be used to pay mortgage etc) My daughter has two part time jobs as a nurse - she gets approx $18k each job tax free in addition to her tax free allowance so she is quids in! Quote Link to comment Share on other sites More sharing options...
Paul1Perth Posted March 12, 2021 Share Posted March 12, 2021 Honestly mate I think you're wasting your time trying to base your decision on financial terms. If you want to come, have a visa, are both behind it, then just come, find jobs, have a good look round for a house in a suburb you like and then work out your incomings/outgoings. Do you really need expensive phone contracts, mines $40 a month with Telstra, my wife pays $30 with Optus, you might not bother with health insurance, it's not compulsory, you are quite young and medicare is good. You never know what jobs you'll get so you are only guessing what salary you may get. My wife was a nurse, health visitor and midwife. She worked shift work back on wards for a while, till we got on our feet. I was out of work for 5 months. You just have to cut your cloth to your means if you are serious of making a go of it. Most people we know who emigrated did it for the lifestyle. We all managed somehow. 4 Quote Link to comment Share on other sites More sharing options...
Drumbeat Posted March 12, 2021 Share Posted March 12, 2021 18 hours ago, Chortlepuss said: If your wife works in aged care as a nurse she may be able to salary sacrifice around $18k (this can be used to pay mortgage etc) My daughter has two part time jobs as a nurse - she gets approx $18k each job tax free in addition to her tax free allowance so she is quids in! It's unusual to be able to salary sacrifice so much, working for WA Health the amount is $9000. NGO's usually have a higher limit. Quote Link to comment Share on other sites More sharing options...
Ken Posted March 12, 2021 Share Posted March 12, 2021 7 hours ago, Drumbeat said: It's unusual to be able to salary sacrifice so much, working for WA Health the amount is $9000. NGO's usually have a higher limit. Also a lot of aged care facilities are run by regular (i.e. for profit) companies and don't get any of the Not For Profit benefits. Quote Link to comment Share on other sites More sharing options...
Chortlepuss Posted March 13, 2021 Share Posted March 13, 2021 20 hours ago, Ken said: Also a lot of aged care facilities are run by regular (i.e. for profit) companies and don't get any of the Not For Profit benefits. definitely worth working out which employers do offer salary sacrifice and applying former those - I worked for Blue Care (not nursing) but it made a huge difference to my take home Quote Link to comment Share on other sites More sharing options...
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