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bloomersthebear

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bloomersthebear last won the day on September 1 2009

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  1. bloomersthebear

    6 months back.....

    A very thought provoking thread. Popped on here for the first time in a while because of the exact same thing, possible move back to England after 8yrs. Its tough for me and the wife as we have 3 grown up daughters still at home and plugging away at life as best they can. Brisbane is pleasant enough but the job offers are dwindling, and to be honest the wife and I at mid 40's would love to return for that sense of belonging. convincing the daughters will be hard. But what does one do? they rely on us for a roof over their heads. they couldn't afford it here alone. Our parents are getting older and the wife especially would like to be home to help her mother. My head swims with this constantly, and that doesn't help one bit. Im hoping to arrange a family "sit down" and attempt to gauge the current feeling. One daughter (eldest) is on the rebound from a 7yr relationship and Im pretty certain she will not want to return. Trouble is you bring them here. They settle (to a degree) and then you find you haven't. what to do? We only came here initially for 2 yrs. The wife says Australia is akin to a Venus flytrap. (A little harsh) But that sense of belonging is a strong pull back to Blighty. All the sunny days in the world cannot match it. I find myself rambling now and of no use to no one. In a nut shell.....home is where the heart is.
  2. bloomersthebear

    UK Tax on sale of Aussie home?

    Mmmm tough one, off the top of my head Fiddlesticks Im thinking if its primary residence only and not a secondary investment property transaction then no, I very much doubt you will be taxed in the UK. (Currency converting fees maybe an issue mind. But Im sure you have thought of that. I have something of a similar nature. never sold my UK house. Rented it out instead. Now after 8 yrs looking to return if we can persuade our grown up daughters to follow. (tough one) We bought here after a couple of years. Not sure what implications we face as dual nationals. what house to sell when to sell tax implications both sides. Anyway yours sounds pretty straight forward and best of luck Mark
  3. Thanks Geraint. I have digested your comments within the confines of my limited Pension knowledge capacity, and I can see that for the most part you make a compelling commentary to the quandary. I too find it hard to imagine the paperwork can be done in time. photocopies of passports and birth certificates and signed by notaries etc etc would be cutting it fine to say the least. (and with this all done over the blower its worrying) The chap contacted me after I visited a web site, one which eludes me at present, but stated that an advisor would make contact with me in due course, which he duly did. Knights Hayes is the company. The chaps name I shall keep mum, but he operates from of a suburban house in the greater London area. (by all accounts). I did contact Momentum by email and they at least confirmed this chap and his company existed and was informed he was a client they have done business with previously. I have decided to leave my pension as is and wait for the dust to settle post 4th April and then later in the year revisit my options. It was through my own fault a rushed process and I nearly entered into a potential disaster that may have cost me thousands. That pot of cash represents lots of night shifts and missed kids birthdays and Christmases so I am not happy to leave it to chance despite the late hour of my dealings. My decision to keep the status quo was also influenced by having a decent super fund here in QLD with Qsuper which I pay 6% and my employer contributes 18% on top, so I was thinking that maybe that element in the UK should remain, especially if I am ideally looking to retire and live 6 months in each country for as long as my health and wealth allow. Thank you for your insight into this matter. I will now give this chap the news of my decision As a foot note is still amazes me that after all the taxes each single little earned pound has been through to get it into your pension how on earth is it still able to cough up yet more tax for the government. Kind regards BTB.
  4. bloomersthebear

    UK Pension Transfers - Advice and Service

    Just walking out the door Terry but that's a very thought provoking and funny reply. Wars aside I cannot help but lean your way of thinking. Will mull more when I have stopped laughing. Thanks for your time. Regards. BTB
  5. bloomersthebear

    UK Pension Transfers - Advice and Service

    Hello Andrew in case this gets to you quicker. I have posted this elsewhere on the site in a thread. (sorry if this is bad etiquette) ( I have a dilemma and time is not on my side in the slightest. (my own fault) To the point I am ex UK Copper who has transferred to the QLD police. I have a deferred pension with the UK service just worked out for me at 150K I have been chatting to this fellow (IFA) from the UK that deals with QROPS and the likes of me. He has pointed me in the direction of Malta and the Momentum Pension investment people. additionally he has recommended the Royal London 360 fund for a 10 year period. I have the papers here and if I can get them to him by mid next week I have a chance to beat the deadline for these kid of pensions the government are looking to ban from QROPS. (4th April) I have mulled over this for a while but I see pensions and funds and super as a dark art but im learning out of necessity. My police pension I can draw down on at 60 (it may change again im sure) its currently worth 11.5k per year. its fairly solid I suppose being a government pension but I am aware that the QROPS provides lots of advantages too. Q. Do I stay or do I jump into QROPS (tough to call everyone's different I know, but I'm likely to want to travel between the UK and here in QLD when I retire) Q. Are these fees sent to me by the IFA chap, after some pressure I hasten to add, fair with the what's on the table or exorbitant? Q. Momentum and RL360 any good? With the time as it is I haven't time to engage anyone else I need to put up or shut up. The table below breaks down the costs and gives you an idea of the costs based on a portfolio amount of £150k. Any positive advice would be great. Its a school boy error to have left it this late. Thanks in advance to any kind souls out there. [TABLE=class: cms_table_ecxms-rteTable-default] [TR=class: cms_table_ecxms-rteTableEvenRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​Fee option 1[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Fee option 2[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableOddRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Advisor Initial Fee[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​3%[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​£0[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableEvenRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Advisor annual Fee[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​0.25%[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​0.25%[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableOddRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Invested Amount[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​£145,500 (97%) [/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​£150,000​ (100%)[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableEvenRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​QROPS Fee initial[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​£645[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]£645[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableOddRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​QROPS annual Fee [/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​£845[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​£845[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableEvenRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​RL360 Fee[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​0.44%[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​0.84%[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableOddRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Fund Fees (estimated)[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​0.5%[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​0.5%[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableEvenRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​[/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableOddRow-default] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​Total after Initial invested after costs[/TD] [TD=class: cms_table_ecxms-rteTableOddCol-default]​£144,010 [/TD] [TD=class: cms_table_ecxms-rteTableEvenCol-default]​£148,510[/TD] [/TR] [TR=class: cms_table_ecxms-rteTableFooterRow-default] [TD=class: cms_table_ecxms-rteTableFooterEvenCol-default]​Total Annual Fee[/TD] [TD=class: cms_table_ecxms-rteTableFooterOddCol-default]​1.77%[/TD] [TD=class: cms_table_ecxms-rteTableFooterEvenCol-default]​2.15%[/TD] [/TR] [/TABLE] As you can see the initial invested amount after costs take into account QROPS set up fee and first years annual cost. The costs shown also factor in a proposed portfolio, but this can change largely depending on the underlying investments, for example if you purchase all single company stocks this cost becomes 0%. Let me know your thoughts. Kind Regards
  6. Hello all I have a dilemma and time is not on my side in the slightest. (my own fault) To the point I am ex UK Copper who has transferred to the QLD police. I have a deferred pension with the UK service just worked out for me at 150K I have been chatting to this fellow (IFA) from the UK that deals with QROPS and the likes of me. He has pointed me in the direction of Malta and the Momentum Pension investment people. additionally he has recommended the Royal London 360 fund for a 10 year period. I have the papers here and if I can get them to him by mid next week I have a chance to beat the deadline for these kid of pensions the government are looking to ban from QROPS. (4th April) I have mulled over this for a while but I see pensions and funds and super as a dark art but im learning out of necessity. My police pension I can draw down on at 60 (it may change again im sure) its currently worth 11.5k per year. its fairly solid I suppose being a government pension but I am aware that the QROPS provides lots of advantages too. Q. Do I stay or do I jump into QROPS (tough to call everyone's different I know, but I'm likely to want to travel between the UK and here in QLD when I retire) Q. Are these fees sent to me by the IFA chap, after some pressure I hasten to add, fair with the what's on the table or exorbitant? Q. Momentum and RL360 any good? With the time as it is I haven't time to engage anyone else I need to put up or shut up. The table below breaks down the costs and gives you an idea of the costs based on a portfolio amount of £150k. Any positive advice would be great. Its a school boy error to have left it this late. Thanks in advance to any kind souls out there. [TABLE=class: ecxms-rteTable-default] [TR=class: ecxms-rteTableEvenRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​ [/TD] [TD=class: ecxms-rteTableOddCol-default]​Fee option 1 [/TD] [TD=class: ecxms-rteTableEvenCol-default]​Fee option 2 [/TD] [/TR] [TR=class: ecxms-rteTableOddRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​Advisor Initial Fee [/TD] [TD=class: ecxms-rteTableOddCol-default]​3% [/TD] [TD=class: ecxms-rteTableEvenCol-default]​£0 [/TD] [/TR] [TR=class: ecxms-rteTableEvenRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​Advisor annual Fee [/TD] [TD=class: ecxms-rteTableOddCol-default]​0.25% [/TD] [TD=class: ecxms-rteTableEvenCol-default]​0.25% [/TD] [/TR] [TR=class: ecxms-rteTableOddRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​Invested Amount [/TD] [TD=class: ecxms-rteTableOddCol-default]​£145,500 (97%) [/TD] [TD=class: ecxms-rteTableEvenCol-default]​£150,000​ (100%) [/TD] [/TR] [TR=class: ecxms-rteTableEvenRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​QROPS Fee initial [/TD] [TD=class: ecxms-rteTableOddCol-default]​£645 [/TD] [TD=class: ecxms-rteTableEvenCol-default]£645 [/TD] [/TR] [TR=class: ecxms-rteTableOddRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​QROPS annual Fee [/TD] [TD=class: ecxms-rteTableOddCol-default]​£845 [/TD] [TD=class: ecxms-rteTableEvenCol-default]​£845 [/TD] [/TR] [TR=class: ecxms-rteTableEvenRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​RL360 Fee [/TD] [TD=class: ecxms-rteTableOddCol-default]​0.44% [/TD] [TD=class: ecxms-rteTableEvenCol-default]​0.84% [/TD] [/TR] [TR=class: ecxms-rteTableOddRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​Fund Fees (estimated) [/TD] [TD=class: ecxms-rteTableOddCol-default]​0.5% [/TD] [TD=class: ecxms-rteTableEvenCol-default]​0.5% [/TD] [/TR] [TR=class: ecxms-rteTableEvenRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​ [/TD] [TD=class: ecxms-rteTableOddCol-default]​[/TD] [TD=class: ecxms-rteTableEvenCol-default]​[/TD] [/TR] [TR=class: ecxms-rteTableOddRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableEvenCol-default]​Total after Initial invested after costs [/TD] [TD=class: ecxms-rteTableOddCol-default]​£144,010 [/TD] [TD=class: ecxms-rteTableEvenCol-default]​£148,510 [/TD] [/TR] [TR=class: ecxms-rteTableFooterRow-default, bgcolor: rgba(255, 255, 255, 0.85)] [TD=class: ecxms-rteTableFooterEvenCol-default]​Total Annual Fee [/TD] [TD=class: ecxms-rteTableFooterOddCol-default]​1.77% [/TD] [TD=class: ecxms-rteTableFooterEvenCol-default]​2.15% [/TD] [/TR] [/TABLE] As you can see the initial invested amount after costs take into account QROPS set up fee and first years annual cost. The costs shown also factor in a proposed portfolio, but this can change largely depending on the underlying investments, for example if you purchase all single company stocks this cost becomes 0%. Let me know your thoughts. Kind Regards
  7. bloomersthebear

    Just doesnt feel like home...

    Brummie we have the same problem is regards to the family side thing. Although we are heading back to the UK and thats where the family issues are. Im hoping to patch stuff up. But I fear it will simply compound our differences. I do feel for you, because I really know how you must feel. Not much in the way of advice. But just so you know you aint alone with what your going through. Which can be of comfort in a way. chin up gal.
  8. bloomersthebear

    Daughter devastated, Citizenship refused.

    Thanks guys, its a worry and a bit wrenching thinking 4 out of the 5 of us will be at the ceremony. But I have called the immi office and the lady there sounded genuinely concerned and took my number who knows may even get back to me. I will see what happens and if nothing I will contact this Mr Lombard fellow and seek his advise. Again thanks for the support. Really just wanted to vent much as anything. Another one of life's curve balls I think.
  9. bloomersthebear

    Daughter devastated, Citizenship refused.

    Just been informed by the immi and citizenship people that my 17 year old daughter has been refused her citizenship approval because of a 12 month good behavior bond she received two days after the applications was sent. :embarrassed: So thats me the wife and two daughters approved and awaiting what we hoped would be a family ceremony. The circumstances for the good behavior bond were at best very spurious. She was out with so called mates that turned on her. She was left beaten up ( her so called best mates 19yr old boyfriend thought he would throw a few punches in for good measure) Phone, bag, purse all stolen. Local police turn up the Australians kids had star burst and left her there. She was arrested for "public nuisance" and ticketed for court. All this kept to her self as at 17 she didn't need to tell mum and dad. (stupid law). The police refused to listen to her complaint of assault and theft. (Robbery)?? And proceeded with the easier option. Situation solved. She was awarded the 12 month good behavior bond and the rest is history a police check by immi during process and now she is refused the citizenship. She is gutted, were gutted. she was told by the police it wasn't a conviction so would not hamper her application. So she took the whole thing on the chin, quite literally too, and took them at their word. Silly girl. :skeptical: Now the thing is looking back at the paperwork the 1290 form I used for her application, http://www.immi.gov.au/allforms/pdf/1290.pdf is designed with 17 yr olds in mind. And it states quite clearly 18yr olds must prove good character and it goes on the explain the criteria. For 17 year olds and under it isn't a requirement. But it seems our case officer carried out a local police check and has seen this bond recorded against her name. :unsure: Had a look at the ATT appeal process and its nearly $800 on top of the $260 we already paid for the application. I thought the good character Critera was designed to nullify any "proper" un-desirables from getting approval not a juvenile with a behavior bond. (timing as they say is everything). really don't know what to do. could they have it wrong in this case?? Any help or suggestions would be appreciated.
  10. bloomersthebear

    How we are feeling 4 months on

    Going home end of the year after 5 years. Leaving my wife and 3 daughters to begin with, making sure its really what we should do. A big decision for me to have to make based on my return, but thats the way they wanted it. 4-5 month trial. Not sure its going to work mind you if Im missing them to much. Only time will tell. My job is having me back. And things with my family a bit ropey since we went back for my sisters wedding in 2009. So a patch up is in order of sorts. I do hope it works out. Anyway thanks for the encouraging post.
  11. bloomersthebear

    Flying Dogs back to UK

    Hi Creese, were in Welly point. Lived here just over 4 years. Looks as though I will be going back alone at least to begin with just to make sure were making the right move/decision. I have a 5 yr career break and Im expected back in Jan. Not sure what to do with the house here though? rent or sell. To be honest its a tougher thought process this side of the pond than before.:eek: We just got approved Citizenship so if it all goes **** up then we can at least run back with tails between legs. How about you guys?? whats the score there? Oh and cheers for the doggy info and being so close. thats handy. :biggrin:
  12. bloomersthebear

    Where do you buy airtickets?

    I aint sure but I think Air asia do that one way book your own flight thing. It leaves here to say Kuala Lumper (spell check) and then to stanstead. all up about $850 (but with that over-nighter, which imho is better anyway). could be wrong of course, but Im sure I priced something simliar a few months back.
  13. bloomersthebear

    Citizenship Ceremony

    August the 4th for us, that will be 4 months from sucessful completion of tests. Redlandshire near Brisbane. Then its back to blighty for us before xmas. Its been 5 years and a marvelous experience. Even leaving our eldest here. But with an aussie passport in hand its not so bad. Such freedom hey..? Good luck
  14. bloomersthebear

    Flying Dogs back to UK

    Hi creese, just to touch on what you said, am I right in thinking our dogs must remain here for 6 months after cleared blood tests prior to flights out??? Thanks in advance
  15. bloomersthebear

    Tax - living in oz - earning via uk

    Not wishing to hijack this post but as someone who is set to return to the uk to work will I have to fill out an aussie tax return each year?? (I will have aussie citizenship when I go back, duel actually). ta muchly.
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