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Personal Savings in Australia? And Bonuses

beth_logginsbeth_loggins SingaporePosts: 64Member
edited March 2013 in General
Hi Guys,

I just read an article
http://www.telegraph.co.uk/finance/personalfinance/expat-money/8942489/The-true-cost-of-expat-living-in-Australia.html

staying mahal daw sa Australia, esp Sydney.
Do you guys manage to save or offset $ sa sweldo nyo?

Also, practice ba sa Aussie na mag bigay ng bonuses?

Comments

  • li_i_renli_i_ren North Ryde
    Posts: 434Member
    Joined: Oct 13, 2012
    Bonuses only for executives and ceos... Not to the ordinary workers:(

    Mahal ang sydney pero if you live within ur means and if for a family 2 incomes you can still save:)
  • LokiJrLokiJr Quezon City
    Posts: 2,616Member, Moderator
    Joined: Jan 13, 2011
    Live around the suburbs..malaki matitipid niyo dun hehe...malayo pero hindi naman tulad ng Manila-Makati commute satin na malaki pang tsansang maholdap ka pa along the way hehehe

    Also...I think in Australia, bonus na yung puwede ka umuwi nang saktong 5 sa kanila at common practice lang yun. Yung free time mo puwede kang magpart time job hehe
  • hotshothotshot Sydney
    Posts: 1,643Member
    Joined: Nov 10, 2011
    ang lagi din sinasabi sa amin dito ay "live within your means". so i think kahit ano pa trabaho mo dito basta nacocontrol mo naman expenses and you're following a budget, makakapag-save ka naman. :)

    sa bonus, depende nga cguro sa company. yung sa contract ng wife ko nakalagay meron pero depending on performance. pero kakastart lang nya magwork so i guess next year pa namin malalaman kung magkano ang bonus na yun (kung meron man). hehe

    Occupation: Analyst Programmer (ANZSCO Code 261311)
    May 21 2012 - lodged visa 176 (NSW) online application
    May 30 2012 - CO allocation
    Jul 16 2012 - Visa Granted! (IED Deadline: May 16, 2013)
    Jan 19 2013 - Arrived in Sydney
    Jan 20 2013 - Started our job hunt
    Mar 11 2013 - Officially became a "HOUSE-BAND" :)
    Apr 22 2013 - End of my "HOUSE-BAND" career :)

  • LokiJrLokiJr Quezon City
    Posts: 2,616Member, Moderator
    Joined: Jan 13, 2011
    Hehe general rule of thumb naman yung 'live within your means' pero mahirap isubstantiate yung "means" kasi hehe..it's very subjective. Some companies offer bonuses pero iilan lang talaga hehe. Salaries in Australia is generous enough to be honest so just be creative with how you make the most of it --investing, superannuation, tax incentives, cost cutting etc
  • MetaformMetaform Melbourne
    Posts: 506Member
    Joined: Jul 15, 2011
    edited March 2013
    Depende yung savings sa number of family member IMO. Kung kayo lang mag-asawa and isang anak na wala pa sa school, kahit isa lang ang mag-work you can still live comfortably.

    CO and Visa Grant: 9 Oct 2012
    The beginning of the rest of our lives: January 4, 2013

  • atchinoatchino Sydney
    Posts: 312Member
    Joined: Jan 09, 2011
    hindi uso ang 13month pay at bonus in Australia.

    Annual salary kas iang usapan. hahatiin na nila sa weekly or forthnightly mo yung sweldo.

    Isipin mo na lang na

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

    http://kuripotism.blogspot.com.au

  • IslanderndCityIslanderndCity Adelaide
    Posts: 2,274Member, Moderator
    Joined: Mar 30, 2013
    in summary, diskarti nalang talaga on how to (consistently) save & invest without expecting salary bonus.

    Assessed Occupation: Industrial Engineer (IE 233511)
    Achieved Goal: Australia PR (Permanent Resident). Thanks God!

    ...sharpening my core gifts now...
    ...working on new, better goals...

    Bless those who curse you, pray for those who mistreat you. ~Luke 6:28~

  • dhey_almightydhey_almighty Perth
    Posts: 692Member
    Joined: Jul 18, 2012
    ang isang natutunan ko lang talaga ung nagsimula ako magabroad way back in 2004 e ganito:
    kung may gusto kang bilhin,equipments, gadgets etc. bago mo siya bilhin e tanungin mo muna sarili mo kung kailangan mo ba talaga un...then base sa sahod mo, mag tabi ka na agad para sa savings mo...then kung may extra kang kinita, un ang ipambili mo sa gusto mong bilhin...para hinde affected ang savings mo...so in summary, savings muna bago ang luho... :-)

    **pero syempre, wag na wag mong titipirin ang sarili mo sa pagkain...thats more important :-)

    October 6, 2012 - Passed IELTS - Academic (W 6 S 6 L 8 R 7 OBS 7.0) pwde na yan!
    October 16, 2012 - Submitted CDR to EA
    February 27, 2013 - Received Favorable letter from EA (Mechanical Engineer - ANZSCO 233512) Thank you Lord!
    March 8, 2013 - Applied WA SS
    March 25, 2013 - Received Letter for WA SS (delaying/maximising 28 days; waiting for civil wedding)
    May 31, 2013 - Submitted Visa Application (with everything; PCC Saudi, NBI, Marriage certificate, etc)
    July 11, 2013 - CO Assigned / Team 7 Adelaide
    August 17, 2013 - Done with the Medicals
    September 4, 2013 - Visa Grant (Subclass 190 / ANZCO233515 - Mechanical Engineer) Thank you Lord! / IED August 23, 2014
    August 8, 2014 - Flight to Oz, No turning Back, This is it!
    May 2015 - End of relationship
    June 2015 - Wife found new partner (aussie)
    October 2015 - Wife filed for divorce (That cunt)
    January 2016 - Divorced
    August 2018 - Lodged Citizenship
    March 2019 - Sit in Citizenship Exam/Interview

    • Passed same day
      May 2019 - Citizenship Ceremony
      June 2019 - Au Passport received
  • MilkanMilkan Perth
    Posts: 134Member
    Joined: Jul 16, 2013
    Personal Savings - try nyo sa Commbank mag enquire about GoalSaver and Netsaver savings nila. (parang time deposit)

    Bonuses - depende sa company. Sa pinagttrabahuan ko meron profit sharing plus performance review. Every last week ng Nov or Early days ng Dec binibigay.
  • IslanderndCityIslanderndCity Adelaide
    Posts: 2,274Member, Moderator
    Joined: Mar 30, 2013
    ang isang natutunan ko lang talaga ung nagsimula ako magabroad way back in 2004 e ganito:
    kung may gusto kang bilhin,equipments, gadgets etc. bago mo siya bilhin e tanungin mo muna sarili mo kung kailangan mo ba talaga un...then base sa sahod mo, mag tabi ka na agad para sa savings mo...then kung may extra kang kinita, un ang ipambili mo sa gusto mong bilhin...para hinde affected ang savings mo...so in summary, savings muna bago ang luho... :-)

    **pero syempre, wag na wag mong titipirin ang sarili mo sa pagkain...thats more important :-)
    awesome ;)

    Assessed Occupation: Industrial Engineer (IE 233511)
    Achieved Goal: Australia PR (Permanent Resident). Thanks God!

    ...sharpening my core gifts now...
    ...working on new, better goals...

    Bless those who curse you, pray for those who mistreat you. ~Luke 6:28~

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    ang isang natutunan ko lang talaga ung nagsimula ako magabroad way back in 2004 e ganito:
    kung may gusto kang bilhin,equipments, gadgets etc. bago mo siya bilhin e tanungin mo muna sarili mo kung kailangan mo ba talaga un...then base sa sahod mo, mag tabi ka na agad para sa savings mo...then kung may extra kang kinita, un ang ipambili mo sa gusto mong bilhin...para hinde affected ang savings mo...so in summary, savings muna bago ang luho... :-)

    **pero syempre, wag na wag mong titipirin ang sarili mo sa pagkain...thats more important :-)
    One way to do that in Australia in a tax efficient manner is to salary sacrifice a certain percentage of your earnings to your superannuation account.

    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!!

  • chollecholle Sydney
    Posts: 403Member
    Joined: Nov 21, 2013
    ^Pwede namang automated yun, diba?

    Occupation: Other Spatial Scientist (ANZSCO Code 232214)
    30 Nov 2013 - IELTS Academic R8.5 W8 L8.5 S9 / Overall 8.5
    10 Feb 2014 - Skills Assessment (VETASSESS)
    23 May 2014 - VETASSESS Outcome: Positive
    27 May 2014 - EOI (70 points)
    9 Jun 2014 - Visa invitation received, application lodged (SI189)
    2 Jul 2014 - CO allocation
    6 Aug 2014 - Visa granted (IED 4 Jul 2015)
    11 Oct 2014 - Moved to Sydney
    20 Oct 2014 - Job offer
    29 Oct 2014 - Start of work
    17-26 Dec 2014 - Dog at Sydney quarantine
    24 Dec 2014 - Partner's initial entry (Maligayang Pasko!)
    16 May 2017 - Purchase first property
    17 Oct 2018 - Citizenship application lodged (Council: City of Sydney)
    8 Jul 2019: Test invite
    20 Aug 2019: Test: (originally 20/9/19)
    21 Aug 2019: Citizenship Approved
    31 October 2019: Citizenship Ceremony 🇦🇺

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    ^Pwede namang automated yun, diba?
    @cholle what are you talking about?

    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!!

  • chollecholle Sydney
    Posts: 403Member
    Joined: Nov 21, 2013
    @TasBurrfoot Via standing order?

    Occupation: Other Spatial Scientist (ANZSCO Code 232214)
    30 Nov 2013 - IELTS Academic R8.5 W8 L8.5 S9 / Overall 8.5
    10 Feb 2014 - Skills Assessment (VETASSESS)
    23 May 2014 - VETASSESS Outcome: Positive
    27 May 2014 - EOI (70 points)
    9 Jun 2014 - Visa invitation received, application lodged (SI189)
    2 Jul 2014 - CO allocation
    6 Aug 2014 - Visa granted (IED 4 Jul 2015)
    11 Oct 2014 - Moved to Sydney
    20 Oct 2014 - Job offer
    29 Oct 2014 - Start of work
    17-26 Dec 2014 - Dog at Sydney quarantine
    24 Dec 2014 - Partner's initial entry (Maligayang Pasko!)
    16 May 2017 - Purchase first property
    17 Oct 2018 - Citizenship application lodged (Council: City of Sydney)
    8 Jul 2019: Test invite
    20 Aug 2019: Test: (originally 20/9/19)
    21 Aug 2019: Citizenship Approved
    31 October 2019: Citizenship Ceremony 🇦🇺

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    @TasBurrfoot Via standing order?
    i meant ano yung i-automate mo? di kasi clear tanong 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!!

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

    I just read an article
    http://www.telegraph.co.uk/finance/personalfinance/expat-money/8942489/The-true-cost-of-expat-living-in-Australia.html

    staying mahal daw sa Australia, esp Sydney.
    Do you guys manage to save or offset $ sa sweldo nyo?

    Also, practice ba sa Aussie na mag bigay ng bonuses?
    Mentioned this one previously... Effective net taxi namin mag-asawa dito sa Melbourne is much lesser than what we were getting sa Singapore however it seems like mas malalaki naman na set-aside namin for the rainy days and for savings.

    Maybe because di na ako gumagastos ng $15/day for food - Singapore kasi, di talaga kami nagluluto while dito sa Australia, nagluto ako ng 2kilo adobo and etc. Eating out is something we do mga at most twice a week nalang. Sayang din kasi yung cost ng 1 meal ko, it is already the cost of the 2 kilo adobo, ahahah!! :)

    Maybe because mas cheaper na ang house rental namin... :)

    Maybe because we don't travel as much as we did before; dati kasi out of the country at least every 2 months. Once a yr we try to go somewhere far from SG like HK or Europe - that alone will have a very big dent in our savings. Ngayon, our travel would be window shopping to a seaside town in Victoria that would involve 3hr back and forth driving. Or a picnic in a football field just outside our home.

    And maybe because ngayon, we are just very conscious na of our gastos especially that we are soon getting our own place and the fact that yun nga mas lesser ang take home pay namin than SG.

    All these factors and more add to the fact that we are better off financially that we were in Singapore previously; did it mean that our quality of living was better before in Singapore? Big NO - ngayon kasi, we are enjoying the finer things in life that does not cost too much (sometimes even free pa nga...)

    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!!

  • chollecholle Sydney
    Posts: 403Member
    Joined: Nov 21, 2013
    @TasBurrfoot Ah haha. Onga noh ang gulo ng pagkakasabi ko :P I meant kung pwedeng may standing order or automated yung pagpasok ng funds sa super... I'm guessing pwede :)

    Occupation: Other Spatial Scientist (ANZSCO Code 232214)
    30 Nov 2013 - IELTS Academic R8.5 W8 L8.5 S9 / Overall 8.5
    10 Feb 2014 - Skills Assessment (VETASSESS)
    23 May 2014 - VETASSESS Outcome: Positive
    27 May 2014 - EOI (70 points)
    9 Jun 2014 - Visa invitation received, application lodged (SI189)
    2 Jul 2014 - CO allocation
    6 Aug 2014 - Visa granted (IED 4 Jul 2015)
    11 Oct 2014 - Moved to Sydney
    20 Oct 2014 - Job offer
    29 Oct 2014 - Start of work
    17-26 Dec 2014 - Dog at Sydney quarantine
    24 Dec 2014 - Partner's initial entry (Maligayang Pasko!)
    16 May 2017 - Purchase first property
    17 Oct 2018 - Citizenship application lodged (Council: City of Sydney)
    8 Jul 2019: Test invite
    20 Aug 2019: Test: (originally 20/9/19)
    21 Aug 2019: Citizenship Approved
    31 October 2019: Citizenship Ceremony 🇦🇺

  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    @TasBurrfoot Ah haha. Onga noh ang gulo ng pagkakasabi ko :P I meant kung pwedeng may standing order or automated yung pagpasok ng funds sa super... I'm guessing pwede :)
    Ah yeah, that can be done... Just set-up an auto debit arrangement from your transactional account in your bank and you are good to go.

    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
    edited September 2014
    @cholle :

    Another option is to ask your employer if they can do "salary sacrifice" / before tax contribution
    - this way the contribution is only taxed at 15%

    Another option is to contribute on your own (after tax contribution) like transfer money from your bank to your SUPER. You may be eligible for the government co-contribution. Last time I check was $500)



    Link might help: http://yzzymae.blogspot.com.au/2014/09/tax-effective-top-up-your-super_9.html

    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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