Here are the tax rates for residents
in Australia for salaries and earnings
0 - 18.200 Nil 18,201 - 37,000 19% of excess over 18,200 37,001 - 80,000 $3,572 + 32.5% of excess over $37,000 80,001 - 180,000 $17,547 + 37% of excess over $80,000 180,001 + $54,547 + 45% of excess over $180,000
please visit www.ato.gov.au
Hospital Salaries in Australia vary slightly from state to state but each state's Government fixes all doctors' salaries. Here are approximate figures for basic salaries in Australia. After overtime and on-call work these salaries will be approximately 15-25% higher.
Working for a Medical Centre is often made on a contractual basis whereby a percentage of ones earnings are split with the medical centre or private Practice at a rate approximately 70/30% in favour of the doctor.
Seniority Approximate Estimated Salary Grossed up pay with
Basic Salary (Aus $) after average overtime (Aus $) salary packaging (Aus $)
Resident/SHO 60,000 - 75000 70,000 - 90,000 80,000 - 105,000
Registrar 75,000 - 110,000 90,000 - 130,000 105,000 - 150,000
G.P. 150,000 - 350,000 175,000 - 400,000 Not Applicable
Specialist 175,000 - 350,000 200,000 - 400,000 230,000 - 500,000
These are all approximate figures and in actual fact, the more hours you choose to work, the more you will earn. Basic salary assumes a working week of 38 hours - anything after this will be paid at penalty rates (usually double-pay), so for those looking to increase their salary the option of working extra hours (which is commonly available at many hospitals) can substantially increase your income.
Salary Packaging is a tax minimisation strategy available to all public hospital employees in Australia.
It allows you to access up to 30% of your income as tax-free depending on the hospital you work in.
This is a system used by almost all hospital employees to substantially increase your take home salary and further information will be available at your hospital finance department.