With the assistance of a Contractor Management Company you can get a flexible 457 visa or work permit that helps you freelance or contract anywhere in Australia. These specialist structures, similar to Professional Employer Organizations in the USA and elsewhere, have enormous expertise in assisting international contracting assignments. If your current profession is on this list of ANZSCO codes, then they can sponsor your 457 work visa as a freelancer. You will net between 62-69% of gross billing after all taxes, fees & charges - see more quotes on net returns.
You get all the benefits of working through an umbrella company like choosing your client, rate and assignment duration, low administration, salary packaging, expense processing, automated invoicing and credit control, dedicated customer service representatives and rapid payment. Unfortunately 457 visa holders no longer get use of Living Away From Home (LAFHA). Additionally you get the full compliance and security of knowing you are covered for workers compensation insurance, professional indemnity insurance, workcover and that your employment status in Australia is legal and long term.
We've been carefull to select partners that are approved work permit sponsors for Freelancers in Australia. They show full compliance with the local immigration, employment and taxation laws which ensures they have a labour agreement to issue 457 visa's to contract employees. They are long established and have an excellent reputation for good customer service and being responsive to their clients needs.
Our partners will sponsor you for a work permit / 457 visa in Australia. Your spouse and depedants also get to enter under the 457 scheme and can work freely whilst your 457 is valid. It doesn't matter if you're working in Sydney, Melbourne, Brisbane, Canberra, Perth or anywhere in Australia - you can get a work permit for Australia.
Contractors can expect to net between 62-69% of gross billing (the amount paid by the client). You can see some examples of net earnings in the table below.
|Day Rate||$ 400.00||$ 700.00||$ 1,000.00||$ 1,500.00|
|Gross billing||$ 88,000.00||$ 154,000.00||$ 220,000.00||$ 330,000.00|
|Management Fee||$ 12,000.00||$ 12,320.00||$ 17,600.00||$ 18,000.00|
|Gross income||$ 76,000.00||$ 141,680.00||$ 202,400.00||$ 312,000.00|
|Super||$ 6,275.23||$ 11,698.35||$ 16,711.93||$ 25,000.00|
|Base||$ 69,724.77||$ 129,981.65||$ 185,688.07||$ 287,000.00|
|Income Tax||$ 14,207.30||$ 36,040.00||$ 57,108.00||$103,147.00|
|Medicare Levy||$ 1,045.86||$ 1,949.00||$ 2,786.00||$4,320.00|
|Total Tax||$ 15,253.16||$ 37,989.00||$59,894.00||$ 107,467.00|
|Net wages||$ 54,471.61||$ 91,992.65||$ 125,794.07||$ 179,533.00|
|Total Remuneration||$ 60,746.84||$ 103,691.00||$ 142,506.00||$ 204,533.00|
|Management fee %||13.6%||8.0%||8.0%||5.5%|