QUOTE(z21j @ May 17 2016, 10:47 AM)
What if you are among the lucky one that got offer from Big4 Australia straight as fresh graduate (subclass 457)? Will you go straight to accept the offer? The fact is that Australians themselves are looking out opportunities in Singapore/UK/North America due to the weakening of AUD.
Aus pay is "high", but the disposal income is lower. Life good? That's depends. Speaking from my experience/observation, the effective income tax rate as a senior auditor is approximately 4% in SG, 2% in Malaysia, 16.5% in Japan and 26% in Australia.
Million dollar question is, whether you will be better off in Australia if you are foreigner, single, fresh graduate/minimal experience and no Aus property in hand.
I'll just comment on the comparison between Aust and Malaysia. Aus pay is "high", but the disposal income is lower. Life good? That's depends. Speaking from my experience/observation, the effective income tax rate as a senior auditor is approximately 4% in SG, 2% in Malaysia, 16.5% in Japan and 26% in Australia.
Million dollar question is, whether you will be better off in Australia if you are foreigner, single, fresh graduate/minimal experience and no Aus property in hand.
I would think that you are still better off in Australia even though the disposable income is lower in Malaysia . Simply because the currency is stronger.
I googled the average income for senior auditor in Australia is AUD 67k per annum. I used the ato comprehensive tax calculator (assume net of super) and the annual tax is around aud 15k. The effective tax rate is around 22% and take home pay per mth is AUD 4.3k.
Say in Malaysia a senior auditor earns RM 67k (assume net of Epf) a year and the annual tax is rm 2.7k. The effective tax rate is ard 4% and take home pay is RM5.3k.
If you think staying in Malaysia is better off because eating out is cheaper and you probably don't need to buy house because you live and would inherit a family home then perhaps, Malaysia would be better for you.
Otherwise, with rm5.3k take home pay in Malaysia per month, it's really hard to save to even buy a house. Travel to First world countries would cost few mths salary and buying a car would cost at least rm 50k.
With a take home pay of AUD 4.3k.. You def have a stronger purchasing power. Buying a brand new car only cost AUD 24k. Rent for one room is around AUD 800 a week? Travel to Europe and US is easier than if earning RM.
May 17 2016, 04:21 PM

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