... decisions ... decisions ...
All on the same day: I saw a job I thought I would prefer; and, I saw a house I thought I would prefer.
The job is still at the University but it is supporting research applications from within a faculty. This would be busier and not as dry as the job I currently do. However, it is down a level in salary. But, it holds out the possibility of a four day week. So ... lots less money but more free time and a more interesting role.
The house is in the same street as I currently live. It has been renovated, the bedroom put upstairs and the ground floor is one very large living space. All the things that I have been thinking I would like here in this terrace. However, there is a massive rental shortage in Sydney and prices have shot up. The place up the road is bigger because the bedroom is on the second floor. They are asking $450 per week for it. I currently pay $280.
... groan ....
I can't do both. I cannot pay more rent from a smaller salary. I turn 60 in 6 weeks and my superannuation becomes available to me as a tax-free pension if I want. What I can also do, is set up a Transition-to-Retirement where I pay a percentage of my current salary into my super account - before tax - and take out of the super a tax-free salary top-up. Thus, effectively, laundering the tax out of my salary. This would mean that a lot of the rental hike - or salary decrease - will be paid for by decreased taxes.
... groan ... groan ...
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