The old age pension is taxable and superannuation pensions...

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Dave R

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02/05/19

12:47

Post #: 38374021
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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.

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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.
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