For many of us, there’s a stage in our lives when we feel like we’re stuck in a bit of a rut. Whether it be in a current job, at school or university, or even if you’re in that inbetweeny stage – sometimes you just need a change.
It’s not a secret that Australia’s a popular destination for young travellers – last year over 432,000 Working Holiday Visas were issued in the UK alone – but why is 2014 the year to go?
Well, aside from it being an incredible country to travel, financially it could be one of the best moves of your life.
Firstly there’s the current exchange rate. At the beginning of January this year, the Australian Dollar (AUD) to Great British Pound (GBP) exchange rate was at its lowest since 2009 at AU$0.53 to £1. So what does that mean to you? Well, it means that when you’re converting your money into dollars you’ll be nearly doubling your cash. Not great for those Aussies coming over to the UK, but great news for you! Think of it as free money (that you worked your ass off for).
Next? Well, you’ve got to love their wages. Ok, so this isn’t a point that’s restricted to this year, but it’s always worth a mention that Australian wages are a great deal higher than the pittance we’re used to in the UK. For example, if you work at a bar, wages tend to start at around $20 p/h. Raise that to $25 on a Saturday, $30 on a Sunday and $45 on a public holiday, and you start to see that you could be making some serious money. Not bad for casual employment!
That not enough money for you? Have some more then! If you’ve been researching working in Australia at all (or you fancy finding out all your need to know in my all-encompassing guide *cough* plug *cough*), you might have heard of Superannuation. Your Superannuation is basically a pension fund that your employer pays into on top of your wages. “But what has this got to do with travelling Down Under in 2014??” you may (or may not) cry. Well, the previous rate of payment was 9% of what you earned, but in July this year it went up to 9.5%. Now that may not sound like a lot, but with the previous rate on a $32,000 wage (very possible in full-time employment) you would receive $2880, but with the 0.5% rise that would take it to $3040. And the best bit? This percentage will be increasing every year until 2022 when it will cap at 12%.
If you haven’t currently got dollar signs in your eyes after reading that I strongly recommend you get your sight tested.
So, three great reasons why 2014 is the year to move Down Under. Need I say any more??
I hope you have found this post helpful, and if you have any burning questions or posts you would like me to do, please email me at email@example.com
And, as always, there’s the book. So without further ado…