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Expat Community > England

 classic view

COLA

16 years ago
Like many other expats my company utilises COLA to balance salaries and keep people whole.

I have moved (family of 4) to UK (Manchester) from Brisbane Australia and the basis of the offer is to keep me whole.

The company is paying for:
- house rental + utilities
- medical (less dental)
- Company car (maintained)

I have to pay for:
- Food
- clothing
- entertainment
- running 2nd car
- phones / internet / TV
- house insurance
- Kids schooling expenses

I am being paid in Aus dollars and taxation is balanced to maintain Aust rates.

I have been offerd a COLA of 7% of gross wages - adjusted evry 4 months (to cater for exchange rate fluctuations). I have not yet added up all receipts but with the exchange rate at almost 1BP to 2.4 AUD - the COLA seems very light?

Any thoughts or comments?

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