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Ipon in Australia

beth_logginsbeth_loggins SingaporePosts: 64Member
Hi Kabayan,

Good day. I am from Singapore po, planning to move to AU next year.
Ang tanong ko lang po, since sa Singapore meron CPF options for permanent residents (deduct 20% from your salary + 13% for employer) , meaning you have 23% of your salary as ipon.
And you can withdraw it when you leave SG for good.

Do you think in Australia it will be possible save up 23%?
Ksi nababasa ko po meron silang SuperAnn. but this can only be touched when your about to retire.

Appreciate your advise.

Thanks

Comments

  • vhoythoyvhoythoy Melbourne
    Posts: 1,550Member, Moderator
    Joined: Oct 31, 2012
    Hi Kabayan,

    Good day. I am from Singapore po, planning to move to AU next year.
    Ang tanong ko lang po, since sa Singapore meron CPF options for permanent residents (deduct 20% from your salary + 13% for employer) , meaning you have 23% of your salary as ipon.
    And you can withdraw it when you leave SG for good.

    Do you think in Australia it will be possible save up 23%?
    Ksi nababasa ko po meron silang SuperAnn. but this can only be touched when your about to retire.

    Appreciate your advise.

    Thanks
    Balita! Goodluck sa Aussie iiwan mo na talaga ang Sg. Wala ako alam sa CPF/SuperAnn wait lang sa reply ng iba =)

    ANZSCO 221214 - Internal Auditor
    19 Jan 13 - Academic IELTS Results - passed
    12 July 13 - Vetassess Assessment + Point Test Advice: Positive
    03 Nov 13 - Invitation Accepted 70 points
    19 Dec 13 - Lodged Visa 189
    07 Feb 14 - Visa Granted
    04 Aug 14 - Initial Entry Date requirement
    26 July 14 - Actual IED to Melbourne
    May 2015 - Big Move
    June 2015 - Got a permanent role in Melbourne
    Apr 2016 - Got a contract consultancy role in Melbourne
    May 2016 - Got permanent role and moved to Toowooba, Queensland

    And now...... living the life that i have imagined

    "A great photograph is one that fully expresses what one feels, in the deepest sense, about what is being photographed" - Ansel Adams

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    Hi Kabayan,

    Good day. I am from Singapore po, planning to move to AU next year.
    Ang tanong ko lang po, since sa Singapore meron CPF options for permanent residents (deduct 20% from your salary + 13% for employer) , meaning you have 23% of your salary as ipon.
    And you can withdraw it when you leave SG for good.

    Do you think in Australia it will be possible save up 23%?
    Ksi nababasa ko po meron silang SuperAnn. but this can only be touched when your about to retire.

    Appreciate your advise.

    Thanks
    We save an additional 7.5% in our super via salary sacrifice (on top of the SG of 9.5%) and around 30% of our Gross salary...

    This despite a very high tax rate (compared to Singapore) and a relatively lower pay here than majority of our peers from different industries.

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    SUPER is like SSS sa pinas.

    Makukuha mo once you reach your retirement age.
    Pwede mo makuha ng maaga pero taxable at with valid reason.

    Companies are required to contribute 9% of your salary to SUPER.
    You have an option to add additional contribution to your SUPER.

    Savings are subjective. Depende kung gaano ka katipid.

    From observaton from friends in SG. Mas madalai maka ipon sa Singapore since mas mababa ang TAX.

    To all Kuripotz.. please visit my blog.
    May kasabihan tayo: Kuripot man at magaling... yayaman din....

    http://kuripotism.blogspot.com.au

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    @atchino - SG is now at 9,5% effective this new financial year.

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • beth_logginsbeth_loggins Singapore
    Posts: 64Member
    Joined: Feb 20, 2013
    ganon ba... so meaning financially mas well off sa SG, when it comes to TAX. pero from what I heard from my friends grabe ang tax system in Aussie.
    Sometimes, makes me wonder baket tayo nag migrate sa Australia if we are more well of in SG? I know maganda lifestyle dyan...

    Just wondering, do employers contribute additional $ to Super, parang dito, they contribute 13%?
    So after super, salary natin ay 91% nalang, tama po ba?
  • beth_logginsbeth_loggins Singapore
    Posts: 64Member
    Joined: Feb 20, 2013
    pero here in SG, very strict na sila, infact madami akong kilala na, even long term visit pass ng anak nila hinde renew.
  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    ganon ba... so meaning financially mas well off sa SG, when it comes to TAX. pero from what I heard from my friends grabe ang tax system in Aussie.
    Sometimes, makes me wonder baket tayo nag migrate sa Australia if we are more well of in SG? I know maganda lifestyle dyan...

    Just wondering, do employers contribute additional $ to Super, parang dito, they contribute 13%?
    So after super, salary natin ay 91% nalang, tama po ba?


    Pwede pero dipindi...


    * 2 possible salary arrangement:

    1. Annual Salary +SUPER

    100k annual salary + 9% super(9k) = total compensation mo is 109k

    Misna sasabihin pa nila sa offer or advertisement na 100k +SUPEr + comission or + bonus...

    2. Total salary package (including super)
    - 120k salary paackage. Ibigsaihinkasama nadun yung SUPER at kung ano pang mga benefits.


    To all Kuripotz.. please visit my blog.
    May kasabihan tayo: Kuripot man at magaling... yayaman din....

    http://kuripotism.blogspot.com.au

  • tazmaniatazmania Perth
    Posts: 30Member
    Joined: Dec 05, 2012
    Super in Australia is gradually increase by .5% every year till it hit 12%. Currently it's on 9.5% guarrantee. Pwede ka rin mag super sacrifice to lessen your tax every financial year. Mataas ang tax dito pero makakaipon ka kung you will spend your money wisely. Us here, in two years time may own house na kami and savings as well. If you think na makakakuha ka ng work dito at ang income mo eh above 65K a year go for it. Pero kung mas maliit pa sa current income for sa SG eh I would say, stay muna sa SG till stable ang finances nyo then tska kayo move.
  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    ganon ba... so meaning financially mas well off sa SG, when it comes to TAX. pero from what I heard from my friends grabe ang tax system in Aussie.
    Sometimes, makes me wonder baket tayo nag migrate sa Australia if we are more well of in SG? I know maganda lifestyle dyan...

    Just wondering, do employers contribute additional $ to Super, parang dito, they contribute 13%?
    So after super, salary natin ay 91% nalang, tama po ba?


    Pwede pero dipindi...


    * 2 possible salary arrangement:

    1. Annual Salary +SUPER

    100k annual salary + 9% super(9k) = total compensation mo is 109k

    Misna sasabihin pa nila sa offer or advertisement na 100k +SUPEr + comission or + bonus...

    2. Total salary package (including super)
    - 120k salary paackage. Ibigsaihinkasama nadun yung SUPER at kung ano pang mga benefits.




    @Tas: tinaas na yata to 9.5% SUPER contribution.

    Pero blita ko put on hold kasi walang pag kukunan ng funds since aabolish ang carbon tax at hindi naman basta papayag mga company na basta taas contribution nila

    To all Kuripotz.. please visit my blog.
    May kasabihan tayo: Kuripot man at magaling... yayaman din....

    http://kuripotism.blogspot.com.au

  • tazmaniatazmania Perth
    Posts: 30Member
    Joined: Dec 05, 2012
    we never know mate!
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    ganon ba... so meaning financially mas well off sa SG, when it comes to TAX. pero from what I heard from my friends grabe ang tax system in Aussie.
    Sometimes, makes me wonder baket tayo nag migrate sa Australia if we are more well of in SG? I know maganda lifestyle dyan...

    Just wondering, do employers contribute additional $ to Super, parang dito, they contribute 13%?
    So after super, salary natin ay 91% nalang, tama po ba?


    Pwede pero dipindi...


    * 2 possible salary arrangement:

    1. Annual Salary +SUPER

    100k annual salary + 9% super(9k) = total compensation mo is 109k

    Misna sasabihin pa nila sa offer or advertisement na 100k +SUPEr + comission or + bonus...

    2. Total salary package (including super)
    - 120k salary paackage. Ibigsaihinkasama nadun yung SUPER at kung ano pang mga benefits.




    @Tas: tinaas na yata to 9.5% SUPER contribution.

    Pero blita ko put on hold kasi walang pag kukunan ng funds since aabolish ang carbon tax at hindi naman basta papayag mga company na basta taas contribution nila
    I know...

    SG was 9,25% beginning July 1 2013 and became 9,5% last July 2014

    No increase for 7 yrs and will become 10% in 2021 - this is as per current government. It could change though.

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • lock_code2004lock_code2004 Perth
    Posts: 5,037Member, De-activated
    Joined: Feb 23, 2012

    Just wondering, do employers contribute additional $ to Super, parang dito, they contribute 13%?
    yes, there are companies offering more than the mandated 9.5% super..

    Sep 24, 2011 - IELTS (L-8 R-8 W-8 S-7.5 : OBS-8)
    Jan 04, 2012 - EA application submitted | Feb 23, 2012 - EA assessment result (IE ANZSCO 233511)
    May 8, 2012 - Lodged GSM 175 online application | June 4, 2012 - CO Allocated
    June 22, 2012 - Medicals Finalized | Aug 30, 2012 - PCCs Completed (PH, UAE, USA)
    Sep 3, 2012 - Visa Granted (IED Jun 11, 2013) Thank You Lord!
    Oct 16-28, 2012 - Initial Entry Completed - Sydney
    July 28, 2013 - Final move to Perth
    Sep 9, 2013 - Started work with the same company i worked for in UAE/USA
    Oct 28, 2013 - Moved to another company.. ;)

  • peach17peach17 Los Angeles
    Posts: 1,684Member
    Joined: Jan 13, 2013
    so based on all your insights, san talaga mas mabilis makaipon assuming tamang lifestyle lang.... sa SG or sa AU?

    9 January 2013 Received Favorable Response from EA
    18 January 2013 Lodged EOI Application via SkillSelect
    21 January 2013 Received Invitation to Apply for Visa Subclass 189
    26 January 2013 Lodged Visa Application
    18 March 2013 CO Allocated, Team 34 Brisbane
    14 May 2013 Submitted Form 815
    23 May 2013 Submitted updated Form 815 with new passport details
    03 June 2013 VISA Grant! Thank you Jesus :)

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    so based on all your insights, san talaga mas mabilis makaipon assuming tamang lifestyle lang.... sa SG or sa AU?
    kami dito sa Australia - lesser gastos dito eh. and di kami masyado nakatravel (which was our biggest luho before in Singapore apart from food)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • tazmaniatazmania Perth
    Posts: 30Member
    Joined: Dec 05, 2012
    Simple ang buhay dito sa Perth. Pero kung maganda kita mo dyan sa SG at move ka dito, expect mo na malaki magbabago sa lifestyle mo. Work and income ang main factors dito. Kung baga if you think na 1 step forward ka sa SG but when you move in AU it will be 2-3 steps backward ka. Pero kung makahanap ka ng stable at magandang company, you'll be better well off and that's for sure. Everything i've have said here ay base sa experienced ko at nang family ko. Believe me, scary to think but if you have the guts and courage, you'll be successfull here.
  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    If you work sa government (Australia).. narinig ko lang sa isang bubwit... nasa 15% daw ang SUPER nila. Not sure how reliable. SA pag kakaalma ko na mas mataas ang SUPER if you work sa Government.

    To all Kuripotz.. please visit my blog.
    May kasabihan tayo: Kuripot man at magaling... yayaman din....

    http://kuripotism.blogspot.com.au

  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    edited September 2014
    so based on all your insights, san talaga mas mabilis makaipon assuming tamang lifestyle lang.... sa SG or sa AU?

    subjective yung question... sagot is dipendi :-)

    kahit nasa pinas ka pwede ka makaipon. Dipindi sa life style.

    As long as young spend less than you earn - you should be alright kahit saang bansa ka located.

    SA Austrlaia, mas ma-force ka "cguro" magtipid pag nakita mo yung exhange rate....
    - unang dating namin... kahit pagod na kami kakalakad at hanap ng work hindi kami makabili ng softdrink kasi ang mahal. Nag babaon na lang kami ng tubig.


    Naging maganda din outcome kasi hindi healthy madlas uminom ng sofdrinks.
    Eventually, nasanay na kami na hndi bumibili ng softdrinks up to now.

    Kung nag sisigarilyo ka.. makita mo presyo ng sigarilyo dito--- bka ma force ka na tumigil mag yosi sa mahal hehehe...


    Sabi nga ni Tas, hindi sila makatravel madalas kasi mahal ang airfare - makakaipon ka.
    - actually ang nag papamahal lalo is yung expenses pag uuwi ka ng pinas .. syempre balikabayan.. epxected na marami ka pera dolyares ang kita.

    Bago kami nakauwi ng pinas inabot kami ilang taon. Nakakainggit yung nasa Singapore na mga kakilalako kung umuwi ng pinas 4x na beses sa isang taon.



    Kung madalas ka kumain sa labas, pag na compare mo presyo ng food maiisip mo na magluto na lang sa bahay.

    May health benefits :-)


    Kung mahilig ka sa mga chips or chichiria.... makita mo presyo sa mga vending machine ang mahal.. maiiwasan mo kumain ng mga chichiria.. gawin mo na lang bumili ka sa Coles or Wollies ng MARAMI pag nag SALE (1/2 price) hehehe....

    To all Kuripotz.. please visit my blog.
    May kasabihan tayo: Kuripot man at magaling... yayaman din....

    http://kuripotism.blogspot.com.au

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