From July 1, the FWHIT is now $53,600. This is a figure which is indexed annually.
It is significant from a migration perspective. If you are on a Temporary Employer Sponsored Visa and you earn above this figure, you may receive an exemption on the rules for permanent residency.
Normally, the cut-off age for permanent residency through the employer sponsored or skilled routes is 45. However, if you have an occupation which is on the Medium-Long Term List; AND you have been employed on a Subclass 457 or 482 visa for at least 3 years with the same employer, you could circumvent the age cut-off if you have earned more than the applicable Fair Work High Income Threshold for each of the three years (noting that the FWHIT is different every year).
This means you could be eligible for Permanent Residency, provided you have the support of your employer, even if you are over the 45 year age limit.
We’ve put together an informative fact sheet which tells you all about this – click here to access the information.
Think you’re eligible and want to know more? Contact us at Emergico Migration for a no-obligation chat!