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Let's talk about Superannuation Investment!

TotoyOZresidentTotoyOZresident Posts: 1,335Member, Moderator
Please share your knowledge about Superannuation Investment, choosing your investment strategy, pros and cons. Thanks

Quotes:
"Wise men learn from their mistakes, but wiser men learn from the mistakes of others."
'Success is when you finished what you have started."

If you’re looking for Church in Canberra ACT Australia and you want to fellowship with Christian Filipino Australian.
Come and join us in Jesus Is Lord Church Canberra service every Sunday at 10:30AM to 12:30PM
Where: 53 Georgina Crescent, Kaleen ACT 2617
(Back of Kaleen Shopping Centre)
For more information, please PM me or visit

http://jilcanberra.org.au

"To God be the glory"

«1

Comments

  • TotoyOZresidentTotoyOZresident Posts: 1,335Member, Moderator

    Quotes:
    "Wise men learn from their mistakes, but wiser men learn from the mistakes of others."
    'Success is when you finished what you have started."

    If you’re looking for Church in Canberra ACT Australia and you want to fellowship with Christian Filipino Australian.
    Come and join us in Jesus Is Lord Church Canberra service every Sunday at 10:30AM to 12:30PM
    Where: 53 Georgina Crescent, Kaleen ACT 2617
    (Back of Kaleen Shopping Centre)
    For more information, please PM me or visit

    http://jilcanberra.org.au

    "To God be the glory"

  • TotoyOZresidentTotoyOZresident Posts: 1,335Member, Moderator
    edited May 2015
    PreMIxed Options of AustralianSuper
    High Growth
    Balanced
    Sustainable Balanced
    Indexed Diversified
    Conservative Balanced
    Stable
    Capital Guaranteed

    DIY Mix Options of AustralianSuper
    1. Australian Shares
    2. International Shares
    3. International Shares - Hedged
    4. Australian Sustainable Shares
    5. International Sustainable Shares
    6. Property
    7. Australian Fixed Interest
    8. International Fixed Interest
    9. Diversified Fixed Interest
    10. Cash

    For more info link: http://www.australiansuper.com/investments-and-performance/super-investment-choices/diy-mix-investment-choice.aspx

    Note: Superannuation investments, are subject to the risk that the value of the investment may rise or fall and produce a return which is less than you anticipate. Rises and falls in value can occur rapidly and for a variety of reasons.

    Quotes:
    "Wise men learn from their mistakes, but wiser men learn from the mistakes of others."
    'Success is when you finished what you have started."

    If you’re looking for Church in Canberra ACT Australia and you want to fellowship with Christian Filipino Australian.
    Come and join us in Jesus Is Lord Church Canberra service every Sunday at 10:30AM to 12:30PM
    Where: 53 Georgina Crescent, Kaleen ACT 2617
    (Back of Kaleen Shopping Centre)
    For more information, please PM me or visit

    http://jilcanberra.org.au

    "To God be the glory"

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    I am with Mercer Corporate Super Plan - my inflows the past 3 months has been directed to Overseas Shares Unhedged (to maximize the weak AUD and strong outlook on global equities).

    Previously - I place my inflows as follows: 30% Growth, 40% High Growth and 30% High Growth.

    A bit agressive but hey, I am 3 decades away from retirement... :)

    And yeah, apart from the SG of 9.5% - me and my wife do a salary sacrifice of 9.5% and add it into our Super. We started lated in the Super Game hence we need to catch up.

    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!!

  • inwayahinwayah Brisbane
    Posts: 23Member
    Hi po, I am new in my employment and I just go with the default Super Annuation company that my employer offers. what I am thinking of is to add money through salary packaging on top of the 9.5%. hanggang dun lang muna with my limited technical knowledge in SA investing esp in AU market. For now, I might be more comfortable investing sa atin through COL Financial which I have started years ago.
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Hi po, I am new in my employment and I just go with the default Super Annuation company that my employer offers. what I am thinking of is to add money through salary packaging on top of the 9.5%. hanggang dun lang muna with my limited technical knowledge in SA investing esp in AU market. For now, I might be more comfortable investing sa atin through COL Financial which I have started years ago.
    That is not a problem, add in more money to your super lang to make up for lost times as we started late versus those born in Australia. You should take note though that your money cannot be accessed until retirement.

    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!!

  • louiebonifacio1louiebonifacio1 Sydney
    Posts: 4Member
    Hi All, my name is Louie Bonifacio from Sydney. If you would like to receive advice on your superannuation and personal insurance, we can help. We do not sell products. We sell our services to provide a financial plan for you. Commissions from any product we will recommend will be rebated back to you. If you would to know more visit our website (www.my-ifa.com.au) or send me a message.
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Hi All, my name is Louie Bonifacio from Sydney. If you would like to receive advice on your superannuation and personal insurance, we can help. We do not sell products. We sell our services to provide a financial plan for you. Commissions from any product we will recommend will be rebated back to you. If you would to know more visit our website (www.my-ifa.com.au) or send me a message.
    Let's go straight to the point here if you don't mind... What is in it for you on this type of service if commission will be rebated...

    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!!

  • KillerQTKillerQT Los Angeles
    Posts: 45Member
    @TasBurrfoot hello! ask ko lang about yung superannuation how it works. Just want to clarify... we can put money as we wish sa superannuation account ko?

    for example: I'm migrating from SG to OZ soon... in SG we also have CPF. yung laman ng CPF (Ordinary, Special account and Medisave account) we can transfer to my superannuation account or let say I have extra money that I can commit sa superannuation account? Aside po ito sa employee/employer share.
  • MisterKehnMisterKehn Sydney
    Posts: 233Member
    @TasBurrfoot hello! ask ko lang about yung superannuation how it works. Just want to clarify... we can put money as we wish sa superannuation account ko?

    for example: I'm migrating from SG to OZ soon... in SG we also have CPF. yung laman ng CPF (Ordinary, Special account and Medisave account) we can transfer to my superannuation account or let say I have extra money that I can commit sa superannuation account? Aside po ito sa employee/employer share.
    same here.. I'm also interested in these..

    31-July-2014: IELTS IDP - 1st Take
    30-Oct-2014: IELTS IDP - 2nd Take
    10-Jan-2015: IELTS BC - 3rd Take
    11-Feb-2015: Submitted CDR to EA
    07-July-2015: Received positive assessment from EA
    08-July-2015: EOI submitted for Visa 190(SS)
    31-July-2015: 1st take PTE (failed)
    23-Aug-2015: 2nd take PTE(failed)
    09-Sept-2015: 3rd take PTE results: Pass(finally!!!). Score converted to IELTS is 7.5 in each band
    09-Sept-2015: Updated EOI for Visa 189 (Total points: 65)
    09-Oct-2015: ITA received for Visa 189
    11-Oct-2015: Visa Lodge
    22-Oct-2015: Uploaded COC
    04-Nov-2015: Medicals uploaded
    10-Nov-2015: Visa Grant - Thank you Lord! .. :)
    April-2016: Initial Entry Sydney

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    @TasBurrfoot hello! ask ko lang about yung superannuation how it works. Just want to clarify... we can put money as we wish sa superannuation account ko?

    for example: I'm migrating from SG to OZ soon... in SG we also have CPF. yung laman ng CPF (Ordinary, Special account and Medisave account) we can transfer to my superannuation account or let say I have extra money that I can commit sa superannuation account? Aside po ito sa employee/employer share.
    @KillerQT and @MisterKehn pwede po kayo mag contribute ng pera sa superannuation mo from excess money (including proceeds from your CPF) - this what you call non concessional contribution (or after tax contribution); tax free ito up to $180K ata (or if you invoke the bring forward rule, up $540K or 3x $180k).

    Kami naman ni misis, we salary sacrifice naman 10% of our gross pay and top it up in addition to the employee share. In a way this is a form of lowering your tax as this will only be slugged at 15% instead of your top marginal rate of say 32.5%.

    You mileage may vary but kami we did not place out savings from Singapore to the Superannuation - ang problema kasi sa Super is that for us it will take more than 3 decades before we can access the money. It would be better to place it as a deposit to your house if feel ninyo maging home owner.

    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!!

  • LizzieLizzie Stockholm
    Posts: 10Member
    If you're planning to salary sacrifice extra contribution to super just be mindful that there's a threshold to the concessional rate of 15% tax. Anything above the threshold is taxed at your marginal tax rate
  • KillerQTKillerQT Los Angeles
    Posts: 45Member
    @TasBurrfoot I see... nagweweight din kasi ko for our pension / retirement plan. kasi if I will start from scratch super liit ng laman ng Superannuation account namin. At the same time I want to be a home owner as early as possible. I will be 34yrs old by the time we migrate and start working in OZ 2016 kaya I feel medyo late na. hehe.
  • MisterKehnMisterKehn Sydney
    Posts: 233Member
    @Tasburrfoot- Thanks for the info. This means, it's the same concept as Singaporean CPF. Where in, they can only withdraw there CPF until they are 60 years old.

    Gusto rin naming maging home owner ni mrs, so we might as well buy a home in oz.. from our SG savings including CPF.

    @KillerQT- nothing is late... mas late kami hehe..

    31-July-2014: IELTS IDP - 1st Take
    30-Oct-2014: IELTS IDP - 2nd Take
    10-Jan-2015: IELTS BC - 3rd Take
    11-Feb-2015: Submitted CDR to EA
    07-July-2015: Received positive assessment from EA
    08-July-2015: EOI submitted for Visa 190(SS)
    31-July-2015: 1st take PTE (failed)
    23-Aug-2015: 2nd take PTE(failed)
    09-Sept-2015: 3rd take PTE results: Pass(finally!!!). Score converted to IELTS is 7.5 in each band
    09-Sept-2015: Updated EOI for Visa 189 (Total points: 65)
    09-Oct-2015: ITA received for Visa 189
    11-Oct-2015: Visa Lodge
    22-Oct-2015: Uploaded COC
    04-Nov-2015: Medicals uploaded
    10-Nov-2015: Visa Grant - Thank you Lord! .. :)
    April-2016: Initial Entry Sydney

  • KillerQTKillerQT Los Angeles
    Posts: 45Member
    @MisterKehn hahaha! Ganun ba... sorry. Atleast my chance to put more money kapag may extra money. Mas sulit maging home owner sa OZ.
  • tontoronskytontoronsky Sydney
    Posts: 188Member
    If you're planning to salary sacrifice extra contribution to super just be mindful that there's a threshold to the concessional rate of 15% tax. Anything above the threshold is taxed at your marginal tax rate
    Hi Maam @Lizzie can you pls expound on this. Thanks

    Dec 11, 2012 - Submitted Skills Assessment Engineers Australia (Telecommunications Engineer)
    Mar 23, 2013 - Took IELTS Exam (GT)
    Apr 2, 2013 - IELTS Result (Listeneing=8.5, Reading=7.0, Writing=7.0, Speaking=7.0)
    Apr 22, 2013 - Received positive Skills Assessment EA (Telecommunication Engineer)
    Apr 27, 2013 - Lodged EOI (Telecommunication Engineer) Ceiling Reached
    June 3, 2013 - Received Positive Assessment EA (Telecommunications Technical Officer/Technologist)
    June 4, 2013 - Lodged EOI (Telecommunications Technical Officer/Technologist)
    June 17, 2013 - Invited to apply Visa 189
    June 26, 2013 - Submitted Visa 189 Application
    Aug 10, 2013 - Form 80 uploaded
    Aug 13, 2013 - NBI and Pay slips uploaded
    Aug 16, 2013 - Medicals
    Aug 27, 2013 - Medicals uploaded by St. Lukes
    Sep 17, 2013 - Visa Grant! \m/
    IED: 25 July 2014
    Nov 23, 2013 - Flight to Melbourne

    Thank you God and thank you PinoyAu

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    If you're planning to salary sacrifice extra contribution to super just be mindful that there's a threshold to the concessional rate of 15% tax. Anything above the threshold is taxed at your marginal tax rate
    Hi Maam @Lizzie can you pls expound on this. Thanks
    @tontoronsky - concessional contributions are your salary sacrifice and the superannuation guarantee paid by your employer. Currently in a given financial year, $30K ang limit nito.

    What does it mean? You concessional contribution, as long as it has not exceeded 30K will be taxed at the concessional 15% rate. However once you have exceeded the $30k limit, the tax will be at your marginal tax rate; i.e. 37% if you are earning $95K a 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!!

  • tontoronskytontoronsky Sydney
    Posts: 188Member
    @TasBurrfoot - if nag exceed sa $30k and concessional contri, yung buong 30k b ang subject to marginal tax rate or yung excess lang?

    Dec 11, 2012 - Submitted Skills Assessment Engineers Australia (Telecommunications Engineer)
    Mar 23, 2013 - Took IELTS Exam (GT)
    Apr 2, 2013 - IELTS Result (Listeneing=8.5, Reading=7.0, Writing=7.0, Speaking=7.0)
    Apr 22, 2013 - Received positive Skills Assessment EA (Telecommunication Engineer)
    Apr 27, 2013 - Lodged EOI (Telecommunication Engineer) Ceiling Reached
    June 3, 2013 - Received Positive Assessment EA (Telecommunications Technical Officer/Technologist)
    June 4, 2013 - Lodged EOI (Telecommunications Technical Officer/Technologist)
    June 17, 2013 - Invited to apply Visa 189
    June 26, 2013 - Submitted Visa 189 Application
    Aug 10, 2013 - Form 80 uploaded
    Aug 13, 2013 - NBI and Pay slips uploaded
    Aug 16, 2013 - Medicals
    Aug 27, 2013 - Medicals uploaded by St. Lukes
    Sep 17, 2013 - Visa Grant! \m/
    IED: 25 July 2014
    Nov 23, 2013 - Flight to Melbourne

    Thank you God and thank you PinoyAu

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    @TasBurrfoot - if nag exceed sa $30k and concessional contri, yung buong 30k b ang subject to marginal tax rate or yung excess lang?
    Excess lang naman chief... :)

    Don't worry, to exceed this kailangan around $300K sweldo mo...

    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!!

  • tontoronskytontoronsky Sydney
    Posts: 188Member
    @TasBurrfoot - buti wala ako gnun walang problema.. pag may gnun ako hnd nko mg salary sacrifice, iuuwi ko n sa pinas yun.. hehe.. Thanks chief :D

    Dec 11, 2012 - Submitted Skills Assessment Engineers Australia (Telecommunications Engineer)
    Mar 23, 2013 - Took IELTS Exam (GT)
    Apr 2, 2013 - IELTS Result (Listeneing=8.5, Reading=7.0, Writing=7.0, Speaking=7.0)
    Apr 22, 2013 - Received positive Skills Assessment EA (Telecommunication Engineer)
    Apr 27, 2013 - Lodged EOI (Telecommunication Engineer) Ceiling Reached
    June 3, 2013 - Received Positive Assessment EA (Telecommunications Technical Officer/Technologist)
    June 4, 2013 - Lodged EOI (Telecommunications Technical Officer/Technologist)
    June 17, 2013 - Invited to apply Visa 189
    June 26, 2013 - Submitted Visa 189 Application
    Aug 10, 2013 - Form 80 uploaded
    Aug 13, 2013 - NBI and Pay slips uploaded
    Aug 16, 2013 - Medicals
    Aug 27, 2013 - Medicals uploaded by St. Lukes
    Sep 17, 2013 - Visa Grant! \m/
    IED: 25 July 2014
    Nov 23, 2013 - Flight to Melbourne

    Thank you God and thank you PinoyAu

  • jkk32wjkk32w Melbourne
    Posts: 673Member
    @TasBurrfoot sir question :D

    if ung salary package na advertised doesnt say 'plus super'..do we assume na ung package amount includes super na? or is it usually d case na ung package mag a add pa ang employer ng super?

    also, if lets say for the sake of computation d package INCLUDES super na if its 70k ..ung net income mo will be 'around' --70k less 9.5% super ann less marginal tax (approx 30%)- so mga 60% ung net income mo of the 70k is around 42k approx ..

    thanks boss. just to shed some light please sa expectations of the intending migrants :D

    ANZSCO CODE: 233511 || Industrial Engineer
    02.28.2015 || IELTS Test-University of Wollongong Dubai
    03.15.2015 || IELTS Result -L8/R7.5/W7.5/S7.5
    10.04.2015 || Submitted CDR to EA via Fast Track
    10.19.2015 || EA Positive Assessment - Thank Heavens!
    10.19.2015 || Submitted EOI Visa 189 (60 pts)
    11.23.2015 || EOI Auto Updated to 65 pts (8yrs at work)
    11.23.2015 || Received ITA - All Glory to God!
    12.04.2015 || Medical Examination- Nationwide
    12.12.2015 || Lodged Visa 189 / Medical Results Completed
    12.15.2015 || Uploaded all Docs including Form 80s/CVs/PCCs
    01.13.2016 || Direct Grant - All Praises to God.Viva Pit Senyor!
    03.01.2016 || Initial Entry (MEL) for me/baby & Hubby's Big Move
    03.23.2016 || Hubby's First Day of Work! Yipee! :D
    04.15.2016 || Second Visit to AU - MEL & SYD
    07.20.2016 || Hired for AU- Via Online Exams/Skype Interviews
    07.25.2016 || Third Visit to AU
    09.19.2016 || BIG MOVE!
    09.20.2016 || Employed-First Day High.Thank You Good Lord for Everything!

    “Dwell on the beauty of life. Watch the stars, and see yourself running with them.” ~Marcus Aurelius

    "Fate loves the fearless." ~James Russell Lowell

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    @TasBurrfoot sir question :D

    if ung salary package na advertised doesnt say 'plus super'..do we assume na ung package amount includes super na? or is it usually d case na ung package mag a add pa ang employer ng super?

    also, if lets say for the sake of computation d package INCLUDES super na if its 70k ..ung net income mo will be 'around' --70k less 9.5% super ann less marginal tax (approx 30%)- so mga 60% ung net income mo of the 70k is around 42k approx ..

    thanks boss. just to shed some light please sa expectations of the intending migrants :D
    It really depends on the company... Only one who can answer this is the HR of the firm (or the head hunter).

    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!!

  • jkk32wjkk32w Melbourne
    Posts: 673Member
    @TasBurrfoot thanks! is the calculation above right po? :D yung calculation lng nung net income..of if there are other things to be deducted pa sa salary other than d tax and super ann :D thanks again!

    ANZSCO CODE: 233511 || Industrial Engineer
    02.28.2015 || IELTS Test-University of Wollongong Dubai
    03.15.2015 || IELTS Result -L8/R7.5/W7.5/S7.5
    10.04.2015 || Submitted CDR to EA via Fast Track
    10.19.2015 || EA Positive Assessment - Thank Heavens!
    10.19.2015 || Submitted EOI Visa 189 (60 pts)
    11.23.2015 || EOI Auto Updated to 65 pts (8yrs at work)
    11.23.2015 || Received ITA - All Glory to God!
    12.04.2015 || Medical Examination- Nationwide
    12.12.2015 || Lodged Visa 189 / Medical Results Completed
    12.15.2015 || Uploaded all Docs including Form 80s/CVs/PCCs
    01.13.2016 || Direct Grant - All Praises to God.Viva Pit Senyor!
    03.01.2016 || Initial Entry (MEL) for me/baby & Hubby's Big Move
    03.23.2016 || Hubby's First Day of Work! Yipee! :D
    04.15.2016 || Second Visit to AU - MEL & SYD
    07.20.2016 || Hired for AU- Via Online Exams/Skype Interviews
    07.25.2016 || Third Visit to AU
    09.19.2016 || BIG MOVE!
    09.20.2016 || Employed-First Day High.Thank You Good Lord for Everything!

    “Dwell on the beauty of life. Watch the stars, and see yourself running with them.” ~Marcus Aurelius

    "Fate loves the fearless." ~James Russell Lowell

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    edited January 2016
    @TasBurrfoot thanks! is the calculation above right po? :D yung calculation lng nung net income..of if there are other things to be deducted pa sa salary other than d tax and super ann :D thanks again!
    Correct way to compute for tax should be:

    (Salary) - (Salary * 9.5%%) = Taxable Income Amount

    Hope this helps... :)

    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!!

  • purplesydpurplesyd Melbourne
    Posts: 7Member
    Hello Guys,

    My partner is a Financial Adviser and have his own Financial Planning Business focusing on Superannuation, stocks, financial advise, insurance (health/life) or investment. You may visit his website at http://smsfs.biz/ . He may help you in your future needs. Na ka base kami dito sa Melbourne. Or if ever you can refer someone that in need of help.

    Cheers,
    Sid
  • angelcris0807angelcris0807 Singapore
    Posts: 2Member
    @TasBurrfoot tama po ba na 15% na lang yung marginal tax rate instead of 32.5% kappa nag contribute ka sa Super ng 10% ng salary mo..thanks po sa reply
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    @TasBurrfoot tama po ba na 15% na lang yung marginal tax rate instead of 32.5% kappa nag contribute ka sa Super ng 10% ng salary mo..thanks po sa reply
    Nope... The 15% you are referring to is the tax on your salary sacrifice contribution; your super contribution kasi gets taxed when it hits your account, tax for this is 15cents per dollar.

    Concrete example:

    Annual Salary: $50,000
    Salary Sacrifice: $5,000

    From the above, your taxable income at the end of the year would only be $45,000 nalang as you plunked in $5,000 into your super... Your net contribution naman sa super will only be $4,250 as $750 (15%) was taken as contribution tax.

    Hope this helps! Sorry took me a while to notice this @angelcris0807

    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!!

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    How are your Super investments everyone? Hope you were able to make the most out of the good market run... :)

    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!!

  • ImBImB Melbourne
    Posts: 284Member
    Executive Super! Designed only for executives :D

    External Auditor
    October 2013 - IELTS review started
    November 2013 - Acad IELTS exam (Failed)
    February 2014 - Acad IELTS exam (Passed)
    1 September 2014 - Sent docs to CPA Australia
    15 September 2014 - CPAA requested other information
    18 September 2014 - Sent additional information to CPAA
    1 October 2014 - Received positive skills assessment from CPAA
    1 October 2014 - CPAA requested additional documents for employment assessment
    12 January 2015 - Received employment assessment from CPAA
    12 January 2015 - Requested a review of employment assessment made by CPAA
    1 February 2015 - EOI filed, 60 points
    5 February 2015 - Received amended employment assessment from CPAA (increased work experience)
    5 February 2015 - EOI updated, 65 points
    13 February 2015 - Received invitation to lodge visa
    17 February 2015 - Lodge and paid visa 189
    9 April 2015 - CO allocated (Team Adelaide)
    ................... - Waited for baby to come :)
    17 June 2015 - Sent baby's documents
    1 July 2015 - Uploaded form 80, NBI, Medicals
    8 July 2015 - Visa Grant!! :)
    x January 2016 - Arrived in AU
    x July 2016 - Accepted a Contractor Job
    x October 2016 - Made Permanent

  • dantz15dantz15 Sydney
    Posts: 385Member
    @TasBurrfoot namili ka ba ng specific funds kung san nagiinvest yung nominated super account mo?

    261313 Software Engineer

    12 Sep 2014 - Completed Docs for ACS Assesment
    15 Sep 2014 - Submitted Docs to ACS
    22 Sep 2014 - AQF Diploma (deducted 5 yrs exp)
    07 Feb 2015 - IELTS IDP SG (L:8.0 R:8.0 W:6.5 S:6.5)
    23 Feb 2015 - Paid for Remarking
    28 Feb 2015 - IELTS IDP SG (L:9.0 R:8.5 W:6.5 S:7.0)
    16 Mar 2015 - Paid for Remarking again =(
    27 Mar 2015 - 1st Remarking result (unchanged)
    07 Apr 2015 - Booked another IELTS exam
    09 Apr 2015 - 2nd Remarking result (W:6.5 -> 7.0, S:7.0 -> 7.5)
    Finally!!
    15 Apr 2015 - EOI Submitted (189 - 60 points)
    13 May 2015 - Will Receive Invitation (BIL! BIL!) - Nothing happened here
    09 Jun 2015 - Modified EOI to include 190-NSW (65pts)
    18 Jun 2015 - ITA for NSW Nomination
    19 Jun 2015 - Paid NSW Nomination App Fee
    22 Jun 2015 - ITA for Visa, NSW Nomination Approved
    26 Jun 2015 - LODGED
    26 Jun 2015 - CTC and Uploaded all Docs
    28 Jun 2015 - Upload photos
    29 Jun 2015 - Applied SG COC
    01 Jul 2015 - Medical done, son's medical uploaded
    03 Jul 2015 - Claim SG COC, CTC and Upload remaining Docs
    03 Jul 2015 - Wife Medical Uploaded
    04 Jul 2015 - My Medical Uploaded
    19 Aug 2015 - Direct Grant!!! Basta Ikaw Lord! (IED: 03 Jul 2016)
    20 Aug 2015 - Job hunting begins
    30 Aug 2015 - Initial Entry (alone)
    21 Oct 2015 - First day! BIL! :)

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    @TasBurrfoot namili ka ba ng specific funds kung san nagiinvest yung nominated super account mo?
    i did... chose the High Growth option in lieu of the default Balanced option...

    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!!

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