Work Essentials Archives - Start Travelling Australia Right

02Feb 2018 by roxyprophet

What are Australian Work Essentials?

Three things you can’t get a job without. What are Work Essentials? Other than the visa itself, the following basics are the most important things to know and understand how to set up and use right before you leave. Without them, you can’t work in Australia.Australian Bank Account – Employers won’t pay into a foreign account and you can earn interest when transferring large sums of money into a savings account. Tax File Number (TFN) – Without a TFN you will be on an emergency tax number and taxed double. Superannuation (Your pension) – All Australian companies have to legally contribute to your pension while you work, so it’s important to set up a pension with a good company.Basics you need to set-up and understand before applying for your Work EssentialsBefore you…

31Jan 2018 by roxyprophet

TransferWise: The most cost-effective way to transfer your money

Money Transfer, Work Essentials

What is TransferWise? TransferWise is an international money transfer service that was founded in 2011. It is backed by high profile investors including PayPal’s co-founder Max Levchin and Sir Richard Branson. TransferWise provides services across borders through online and mobile platforms where customers can easily send and receive money while saving considerably against bank charges and exchange rates. It is the quickest, cheapest and easiest way I have ever transferred money. Also, if you are still based in the UK you can order a borderless debit card(a great international money withdrawal card). Transferwise borderless accounts allows you to send and receive money through borderless bank accounts. Why TransferWise? Fast transfers – The way their system works is by you depositing money into one of their local bank accounts, say…

30Jan 2018 by roxyprophet

Three ways to set up an Australian bank account

Banking, Money Transfer, Work Essentials

Now that you've signed up to TransferWise and have a fantastic international debit Mastercard as a backup, it's time to get an official Australian bank account.Why do you need an Australian bank account?If you want to work in Australia, most employers will only pay into an Australian bank account. I highly recommend you set one up before you leave so all you need to do when you land is a quick identity check.Here are seven other important reasons:It’s a great way to keep a record of your pay while you’re working towards your second-year Working Holiday Visa.Makes your tax refund easier because you need to track the interest you get on your income.It will save you money using TransferWise to send a large amount of money over rather than small…

29Jan 2018 by roxyprophet

How to get an Australian Postal Address

Australian Address, Work Essentials

Here is my proven three-stack process to getting all your mail on the go:The most important detail you need to know about applying for any Work Essential yourself is that you need a postal address. You will need to use a mixture of your accommodation and a mail forwarding service and/or visa company. With mail forwarding services and visa companies, you use their address to open all your accounts and you can just update your details when you are ready. However, most mail forwarding services and visa companies don’t forward your mail directly. They scan and email it to you wherever you are based. Therefore you need an address for everything physical once you land - most people use their hostel address.Tip: The best advice I can give you is…

29Jan 2018 by roxyprophet

Everything you need an Australian postal address for when you land

Australian Address, Work Essentials

The most important detail you need to know about applying for any Work Essential yourself is that you need a postal address.Using my three stack process; a mixture of your accommodation, online services to making your mail mostly electronic and forwarding services for everything else, you can eliminate that uneasy feeling and travel freely and easily around Australia.Here is a list of everything you will need an Australian address for when you land and start working or travelling:Tax File Number (TFN)Your TFN gets mailed to you 1-28 days after applying. You can only apply once you are in the country. If a visa company sets up your TFN make sure you set up a myGov account to access your Australian Tax Office information.This way you can access the information about your tax…

29Jan 2018 by roxyprophet

Why having an Australian Phone Number is important

Work Essentials

Getting an Australian Phone Number is the first thing you need to do when you set down in Australia. Here is why and some great tips on how to get your phone 'Australia ready' before you leave. But while you're still at home you should get your phone ready, unlocked and get a back up international sim card. Keep reading for some tips on how to do this. (more…)

28Jan 2018 by roxyprophet

How to use your Australian bank account efficiently

Banking, Money Transfer, Work Essentials

Using your Australian bank account efficiently starts with preparing for your Bank ID check when you land. When you set up a bank account from overseas, once you land in Australia you will need to do an ID check to officially activate your account. You cannot withdraw money if your account is not activated.ID Check Checklist:Checklist of information you should prepare. Make sure you do your ID check within two weeks of landing in Australia and no later than six weeks after. The sooner you do it the easier it is.Banking app: Download the bank app and log in. Get it all set up and ready to use from day one. This will be used to verify your account and you want to make sure you can access your statements…

27Jan 2018 by roxyprophet

How to apply for an Australian Tax File Number (TFN)

Tax, Work Essentials

A tax file number (TFN) is your unique identifier. It is issued by the Australian Taxation Office (ATO) to any individual, company, Superannuation fund, partnership or trust who pays tax.Your employer will give you a tax declaration form to fill out when you start work. Make sure you include your TFN and so they pay tax to the ATO on your behalf.Tip: You should apply for a Tax File Number within the first two weeks of landing in Australia or you won’t be able to do it online. (more…)

26Jan 2018 by roxyprophet

Using your Tax File Number (TFN) right

Tax, Work Essentials

To make full use of your Tax File Number (TFN), link it to the following services (which can help your tax return), make sure none of your information gets lost and save yourself unwanted tax charges. By using your Tax File Number (TFN) to link these services, you are connecting it to all of this information for the Australian Tax Office (ATO) to keep track of you and the costs you need to/can claim back.Link your Australian bank account & TFN:Provide your TFN to your Australian bank account so that your bank pays tax to ATO out of your interest and payments.If you don’t link your bank account to your TFN, the bank will pay the highest marginal tax rate out of your payments. Therefore, even if you don’t lodge a…

25Jan 2018 by roxyprophet

What is Superannuation (Super)?

Super, Work Essentials

The most common question I hear is what is Superannuation (Super)? Super is your pension scheme. I know what your thinking…. Why do I need a pension scheme on a Working Holiday Visa? I will never see that money again!Well, what if I told you your employer contributes and you get to leave Australia with a nice little savings pot? In Australia, it is mandatory for every company to contribute the equivalent of 9.5% of its employees’ wage to a pension scheme each month if they earn over $450 a month. This is not taken out of your wage it’s an add-on. If you are a temporary resident who works in Australia, you are entitled to receive a Superannuation guarantee from your employer and then withdraw it (minus tax) when…

Category: Work Essentials