Alan Collett

https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-processing-times/family-visa-processing-priorities/parent-visas-queue-release-dates See here. Specifically:

Do you lose your queue date when apply for the contribution aged parent visa 864. => Yes, you do. You only retain your application lodgement date if you withdraw a non Contributory Parent visa application when submitting a Contributory Parent visa application. Ministerial Direction 103 refers. Best regards.

I'm sure Andrew at Vista does - maybe liaise with him? Best regards.

That's right. 100% of a pension (= recurring payments) is taxed solely in Australia under Article 17 of the UK-Aus tax treaty. To be distinguished from the taxation of lump sums from a UK pension fund. Best regards.

CGT discount of up to 50% available when computing the capital gain in Australia. If you claim the 50% CGT discount you can only claim 50% of the UK tax paid as a Foreign Income Tax Offset on your Aus tax return. Best regards.

https://www.gov.uk/guidance/claim-a-tax-refund-when-youve-flexibly-accessed-all-of-your-pension-p53z Tax repayment claim form for the excess tax deducted on the pension lump sum. If you need help please feel able to contact me at the bdhtax.com email address below. Best regards.

Unfortunately not correct. Lump sum = taxable in the UK with the benefit of the personal allowance. Tax repayment claim available for the excess tax deducted under PAYE following the application of the emergency PAYE Coding by the pension scheme administrators. In Australia only the Applicable Fund Earnings are taxable (growth in the value of the fund since becoming a tax resident of Australia). Foreign Income Tax Offset available for the UK tax paid. Best regards.

Not with lump sum payments ... Best regards.

Hi Bill. Does anybody know if its possible to get a calculation done and ask HMRC if its been done correctly before formally submitting it ? => A nice thought, but is not an option. Best regards.

Sorry - what's your tax residency status in the UK? If you're not a resident of the UK the Aus income is not taxable in the UK. If you're a dual resident of the UK and Australia you'll need to decide where you are Treaty resident (see Article 4). and then see Article 14 to ascertain how your employment income should properly be taxed. If you need help - email me at my bdhtax.com email address shown below. Best regards.

https://www.gm-parent-visas.com/parent-visas-the-number-of-visas-granted-to-date/?fbclid=IwAR1IUPKxUp95DNSVTwnn4tT3EAG6Sm1wQgOkKPC1SWiMd6FxbuqzuJKR7NI We have details of the number of parent visas granted in the current program year through to 29 Feb 2024. This indicates that there are still some 2,500 available visa grants available to Contributory Parent visa applicants for the year to 30 June 2024. Best regards.

... unless the taxpayer is living in Australia as the holder of most types of temporary residency visa - eg subclass 870, or on a BV awaiting a decision on an 804 or 864 visa application. Best regards.

We'll be happy to send a no obligation fee quote to you for giving you a tax opinion as to strategy in respect of drawing your super monies. If of interest please feel able to ping an email to me at my bdh Tax email address. Best regards.

Foreign Service Relief in the UK might work to your advantage. We'll be happy to review this and to report to you. See the bdh Tax email address below. Best regards.

Work out the tax based on just your Aus salary. Work out the tax based on Aus salary plus contracting income. I use www.taxcalc.com.au for this sort of exercise. You might use the extra income to make a personal super contribution? Best regards.

Really? Each to their own. The companies I use all put transaction instructions in writing after speaking with them. Onwards!

Good luck trying to contact Wise - based on what I've heard. I want people I can talk to if I'm moving larger sums. I'll happily use Wise for moving £5k. Not for £50k or more. Best regards.

Thanks Ken. And the points about a stop loss order - and who to contact if your funds don't arrive? Best regards.

Why do you not work with a forex company with a private client desk and a person with whom you can discuss your wishes and how they can help. I wouldn't use Wise if transferring £250k, even if it was in instalments. I would say to my chosen forex company if the exchange rate gets to (say) A$1.95 I'll sell (say) £50k. If it gets to A$2.00 I'll sell another £50k. etc etc Similarly if the rate drops to A$1.80 I'll sell £50k. I think that's called a stop loss order. And if it gets to those rates at 1am in the morning I won't get annoyed because the forex company will do it all for me. Plus - who do you talk to if the funds are lost when being transferred. I've heard of that happening ... Each to their own though! Best regards.

https://www.gm-parent-visas.com/renewing-subclass-870-visas-the-90-day-conundrum/ Our latest blog discusses an issue of increasing significance to those waiting for subclass 143 Contributory Parent visas to be granted and who have a subclass 870 visa - the renewal of subclass 870 visas and the need to be outside Australia for at least 90 days. This might be of interest to a few of you. Best regards.

Take our private heath insurance with a deferred commencement date. Pay the PHI premium for 3 months of cover. Send confirmation of this (a letter from the insurer) to the Department. Visas should be granted. Then enrol in Medicare under the RHCA. Best regards.

I agree - particularly as the tax take to GDP ratio is 30% ... Best regards.

Albo didn't qualify his replies when asked repeatedly pre-Election (and post) about the Stage 3 tax cuts. An opportunity has been missed to simplify income tax, which is not a good thing. Flattening out the tax rates and increasing thresholds would have simplified the tax regime, and sent the right message to those with aspirations. If the Government wants to extend relief to what is being described as middle Australia it should have cut expenditure to fund a reintroduced Low and Middle Income Tax Offset, while leaving Stage 3 intact. And revisited CO2 targets - much of the cost of living crisis comes from the increasing cost of electricity and gas. We export coal and uranium to countries that use then to power their industries and don't use these resources ourselves. How ridiculous is that? We should have close to the cheapest power in the world. This Government has exacerbated the cost of living crisis, which impacts the poorest in society disproportionately. Onwards (as always)!

Ultimately - and ironically - parties of the left almost always don't look after their own constituencies economically. They aren't good managers of the economy. and the less well off suffer most as a result. The present Federal Government here in Australia are no different. Best regards.

Yes. Stage 3 needs to be seen alongside Stages 1 and 2, not in isolation. Best regards.