Could anyone who earns in the vicinity of this shed some light on what the take home pay each week or fortnight would be after tax?
Thanks in advance.
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03-08-2012 07:57 #1
Take home pay on $56,000 salary?
03-08-2012 07:58 #2
Around $850/$900 a week. I think.
03-08-2012 08:00 #3
Thanks. I used a calculator on the ato website and it said it would be $601/week -sounded too low. Any more replies appreciated
03-08-2012 08:01 #4
Hmm I don't think it's that low. DHs base rate is around that figure so that's around what he gets.
03-08-2012 08:03 #5
Waterlily appears to be correct, it would be at least $800 p/w.
03-08-2012 08:04 #6
DP earns $57k/annum and takes home between $1800 and $2000 a fortnight depending on loading rates as well (i.e. public hols, working sundays).
So yes, around $900/week.
03-08-2012 08:05 #7Senior Member
- Join Date
- Jan 2012
$850-900 pw after tax
03-08-2012 10:52 #8Junior Member
- Join Date
- Aug 2012
You can use the ATO tax tables to work out how much tax you have to pay (it's what I use to do payroll for my partner's business)
A yearly pay of $56,000 works out to $1076 per week before tax. If you look up $1076 on the tax table you'll see on page 7 that your husband would have to pay $204 tax (assuming he is claiming his tax free threshold from this job) which means he would have a take-home pay of $872 a week.
However, if the $56,000 is the pay package, that usually includes superannuation which is 9% of your ordinary earnings- also calculated before tax which means $5040 of that 56,000 would be going to superannuation. In that instance, his take-home pay will be $776 per week.
The result you got from the ATO may be what the take-home pay would be without claiming the tax free threshold from this job because that would account for an extra $2-3k a year.
03-08-2012 11:15 #9
There is an app called "paycalc" that calculates it.
When I put 56,000 in it said $861 per week after tax... Not sure if it uses old tax rates though.
03-08-2012 16:28 #10
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