What is your wage?

BayView

• 15th Dec, 2013

• #1

Lots of discussion about the social/financial demographic of the folks on SS...

I'm interested to know what everyone is earning. PAYE, or wage earned from your busness as either a drawing or as a PAYE from your buisness.

Do not include investment income - unless your only income is investment

The assumption is that the average wage is somewhere around the $50k mark these days?

Maybe it's bit higher - $50-$60k?

You don't have to mention your profession but please vote on your average yearly income earned from your job/business.

 

Last edited: 15th Dec, 2013

Kinnon Bell

• 15th Dec, 2013

• #2

With or without investment income or just from your employment?

 

skater

• 15th Dec, 2013

• #3

Kesse said:

With or without investment income or just from your employment?

Click to expand...

He said don't mention the investment income unless it was your sole income.

 

Richard Feynman

• 15th Dec, 2013

• #4

The national average (full time) was approx $78k, last I looked.

 

skater

• 15th Dec, 2013

• #5

I've put Hubby's income down as mine is negligible from teaching & working at the rink, and all income earned from the Business is going directly to pay down Trust expenses, so no wage there.

Also, for finance purposes, we don't mention mine at all either, so the real figure I guess you want is Hubby's.

 

T

travelbug

• 15th Dec, 2013

• #6

It doesn't take into account double wage families. If a single person has an income of $60,000 that makes a huge difference in possibilities to a couple each with $60,000.

I put mine for this year. Next year it goes down by 2/5. Smile because I'm working 4 days not because of the lower wage.

 

C

chindonly

• 15th Dec, 2013

• #7

What about salary packaging component - company car supplied etc?

 

devank

• 15th Dec, 2013

• #8

chindonly said:

What about salary packaging component - company car supplied etc?

Click to expand...

I guess that component should be added. BV is simply trying to see the 'average yearly income'.

BV.... I think 100-150K is too wide. It can be broken into 100-120K and 120-150K. At least that is how Seek breaks it.

 

Last edited: 15th Dec, 2013

kathryn d

• 15th Dec, 2013

• #9

I've put in my portion of the rental income.

 

I

INVSTOR

• 15th Dec, 2013

• #10

I don't have paid employment. Not sure if I'd just put in husbands?

 

N

negt

• 15th Dec, 2013

• #11

45k gross. Yes it sucks. If one earns 150k net PA sky is the limit.

 

geoffw

• 15th Dec, 2013

• #12

BayView said:

Do not include investment income - unless your only income is investment.

Click to expand...

So if I had a job which earnt $5000 pay then that would be my income. But if I earnt nothing then I'd have to put down the investment income of $80k.

 

V

VYBerlinaV8

• 15th Dec, 2013

• #13

I put down just my income from working.

 

I

Ideo

• 15th Dec, 2013

• #14

I put down wage but not profit share as that is a variable. Last year it was next to nothing, this year quite solid. Such a volatile market it's too hard to predict.

 

B

BMan

• 15th Dec, 2013

• #15

i feel sad after looking at the results how can i improve my income!

 

H

handyandy

• 15th Dec, 2013

• #16

Can't really answer the Poll.

Our investments is our business. So I have to included income from investments because that's all we get.

We use as much as we need. Until recently we would declare 4 x amounts up to the 30% tax threshold. This is as a dividend. The rest would stay in the investment structure. The 4 is for my wife and self and our 2 sons.

I have just changed the pay method for my sons and they are now both in the Paye system and earning $60k plus company benefits.

Cheers

 

DaveM

• 15th Dec, 2013

• #17

Perhaps a better number would be your net income before tax, ie PAYG + investment - holding costs?

 

W

weg

• 15th Dec, 2013

• #18

travelbug said:

It doesn't take into account double wage families. If a single person has an income of $60,000 that makes a huge difference in possibilities to a couple each with $60,000.

Click to expand...

Agree. If single and double incomes where taken into account the differences would be huge.

Single is often not a life time scenario for the majority of people.

Often you get one person in a couple who are happy to be on a lower, often p/t income too, if their partners also brings in a wage.

I know many couples like that, ie. single income 35K, double income 135K.

Another poll including single and double incomes would change that poll picture significantly.

 

T

thatbum

• 15th Dec, 2013

• #19

$65k/year gross as a community legal solicitor in case anyone was curious.

I read somewhere earlier this year that the average was $78k in WA.

 

dex

• 15th Dec, 2013

• #20

Richard Feynman said:

The national average (full time) was approx $78k, last I looked.

Click to expand...

If that's true it puts the average Australian in the top 0.30% of the richest people in the world by income. Australians are paid too much.

http://www.globalrichlist.com/