Would Labor tax SMSF pensions over $75,000 ?, page-5

First 5 Last

Share
Profile

Follow
Dave R

58,089 Posts.

16

02/05/19

12:47

Post #: 38374021
Share

Originally posted by Akki: ↑

OUR MEDIAN INCOME
If you noted down every Australian’s income and then ranked them from highest to lowest, the median would be the number exactly in the middle.
If you’re a full-time worker and you earn more than $1261 a week (before tax and superannuation) then you are earning more than half of all other workers, aged 15 years and older. This equates to $65,577 a year.
Of course, the numbers vary depending on what state you live in, and whether you live in a city or regional area.
Those living in the ACT were paid the most, followed by Western Australia and the Northern Territory.
If you live in a capital city, median wages are generally equal or higher than the state medians, except in Darwin.
Perth had a median wage of $1400, while Brisbane’s was $1305 and Sydney had a median of $1304 ($67,808 a year before tax)

If this seems low, you’ll be even more surprised when you include those working part-time in the mix.
This lowers the median pay to $1019 a week ($52,988 a year), according to the Australian Bureau of Statistics (ABS).
Meanwhile, the top 10 per cent of employees earned more than $2109 per week. If you’re on a salary of $109,668 a year or more, you are actually in the top 10 per cent of all workers (including full-time and part-time employees).
The large majority of workers (about 75 per cent) earn less than $78,624 a year before tax.
Around 25 per cent of employees earn less than $660 per week, and around 50 per cent of employees earn between $660 and $1512 per week.

Expand

The old age pension is taxable and superannuation pensions should also be taxable.
Tax free super pensions are just another rort that needs closing down.
Upvote

Reply

Top Stories

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM