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 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
The Australian Age Pension increases every year in March and September.
Following the latest release of the cost of living figures from the ABS, it is expected that the maximum Australian Age Pension will increase, in March 2024, by:
Eligibility Age for the Age Pension.
The eligibility age for the Australian Age Pension became 67 years on 1 July 2023.
This means that if you were born on or after 1 January 1957, you must be 67 years old to be eligible for Age Pension.
It began to change … Read the rest
The Real Increase in Electricity Costs 2022 to 2023.
An actual example to show the increase in Electricity charges in the last year.
Actual quarter ended 31 Dec 2023.
Daily usage 8.35 kWh.
This time last year 6.74 kWh.
Compared to the same time last year, the usage increased by … Read the rest
From the reports in the news, Woolworths have reported $1.62bn in profits, while Coles reported $1.1bn, for the last year.
Woolworths net profit increased 4.6% to $1.62bn for the full financial year, while overall sales hit $64.29bn.
That’s 2.5 cents in profits for every dollar in … Read the rest
In June 2021, Labor’s Anthony Albanese said that Australia’s real wages had ‘flatlined’ for eight years, under the Lib/Nat government.
Figures showed that over the eight years to December 2020, real wages, (wages adjusted for the impact of inflation), grew by 3.1%, … Read the rest
The Work Bonus allows aged pensioners to earn up to a certain amount, from working, before their age pension begins to be reduced.
As at July 2023, the Work Bonus, together with the normal pension income free amount, now means a single … Read the rest
Is buying a whole Rump of beef really good value?
The answer is that “it depends”.
An example today was $8.99 per kilo for a whole rump weighing 6.58kg.
The cost was $59.15.
Once the 2.35kg of fat was cut off, the remaining meat weighed 4.23kg.… Read the rest
According to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS), the average weekly ordinary time earnings for full-time adults was $1,838 in May 2023.
This is a 3.8% increase over the last 12 months.
It varied by … Read the rest
