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Ken

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Ken last won the day on September 28 2016

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About Ken

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  1. Bills

    Electricity bills are quarterly while Gas bills are every 2 months. That's standard no matter the company as while you can choose your own provider meter reading has a set schedule (although they'll all try to offer you the option of paying monthly which, just like in the UK, is a scam to get you to pay in advance since their estimate usage is always more than you're actually using and you'll end up with them owing you 6 months of Electricity or Gas). Because of the different timing of Electricity and Gas (assuming you haven't gone for a monthly plan) most months you have to pay one or the other but every 4 months both (but you won't pay either the following month). Water bills where I am now are quarterly but was only once every 6 months at my old place (different water company). Too many factors to tell you how much any of your bills will ll be - but your water will be cheap because in a rental you don't pay the standing charge (that's the landlords responsibility). As a home owner I can tell you that adding the standing charges for water more than doubles the bill.
  2. UK or AUS investments?

    You say you are a long-term investor but not what your long-term plan is. In the long-term will you want to have AUD or GBP? If you're going to want AUD in the future then converting it in to GBP now and then back into AUD in the future gives you an exchange risk (and a corresponding opportunity of making a big gain if the FX rate go in your favour rather than against them). In this scenario it depends on your personal risk profile. If you're a conservative investor who doesn't want to take a big risk even if that means losing out on the chance of a big gain then you'd keep your money in AUD. If you're less risk averse you might want to gamble on exchange rates. If in the long term you are going to want GBP then it's a matter of balancing the exchange rate you can get now with the returns you can get in the UK with the returns you can get in Australia and the exchange rate you can get in the Future. If you want the answer to that equation let me assure you that if I knew the answer I wouldn't be wasting my time typing here I'd be off making millions! If you don't know which currency you will eventually need you might want to aim for a point where half the value of your investments are in GBP and half is in AUD making you fairly neutral to any exchange rate movement whichever way you go.
  3. How long have you lived here now?

    5 1/2 years.
  4. Some good news for pension transfer to Oz

    The simple answer is that they do not recognise the 25% tax free element (that's a UK allowance). But that doesn't mean you have to pay tax on the entire 25% either. For one thing much of it will have been earned before you became subject to Australian tax and you are able to exempt that proportion.
  5. Citizenship Timeline for years 2015-2016

    I didn't do a paper application so I don't know it's possible they do ask for copies to be signed and verified for that type of application - but there's no reason why they should since as with the online applications they require to take all the originals with you when you go for the interview/test.
  6. The 5 year period in which you can enter Australia (as many times as you want) ends 5 years after the visa was issued (the date is given to you when the visa is issued) and not 5 years after you left the country. Any entry after that requires an RRV. If the 5 year period hasn't expired you merely have to move to Australia and stay there you don't need an RRV (if you then need to leave you can apply for one then).
  7. Citizenship Timeline for years 2015-2016

    Copies of documents don't need to be countersigned for citizenship applications because you'll be taking the originals with you for your citizenship interview/test so the department will see them and verify them for themselves.
  8. Drivers licence

    https://www.sa.gov.au/topics/driving-and-transport/drivers-and-licences/drivers-licence/drivers-licence-transfer "If you have a licence to drive a vehicle other than a car or motorcycle, you must take a practical driving test in a vehicle of that class (this does not include road trains and B-doubles)."
  9. Citizenship Timeline for years 2015-2016

    The originals of what you submitted when you made your application.
  10. Ex rate fluctuations and capital gains

    You no longer need to have any income to make contributions to Super (at one time a distinction was drawn between earned income and investment income). You would not need to be resident for 3 years to use the bring forward provisions because it is not past years caps that you are allowed to add to your current year cap but future years. Changing the 50% capital gains allowance is an idea that's been floated around. I don't think it's got legs but if a government found itself short on cash it does have the advantage of being easy to implement - unlike a GST hike which to most governments would be a simple thing to do (especially considering how low the GST rate is in Australia) but due to how badly the GST legislation was drawn up is almost impossible.
  11. Citizenship Timeline for years 2015-2016

    Whatever you do don't do that. Hopefully Immi would spot your mistake and not issue the tourist visa, but if they did issue it the tourist visa would cancel your PR (as it's the most recent visa issued that counts). You would no longer have PR and would no longer be entitled to citizenship. RRVs are easy and quick to obtain so do it properly.
  12. Ex rate fluctuations and capital gains

    No, on point 1) you've got that backwards. If you are in Australia on a permanent visa then a Capital Gain in the UK is declarable on both your UK and Aus tax returns, but on a temporary visa only Australian Gains are declarable on your Aus tax return. In addition if you arrived on a tourist visa that arrival wouldn't make you tax resident (not even as a temporary tax resident). Also with point 4) I think you meant to put "Same answer as 2 above". Other points: 3) In addition to what you've said on investments there is a simple yes/no question on the tax return: "During the year did you own, or have an interest in, assets located outside Australia which had a total value of AUD$50,000 or more?" You do not provide a list or valuation (other than the total being over $50,000). 5) You can keep your home as your main residence for up to 6 years after you cease to live there for Australian CGT purposes - but UK CGT on residential property applies (if I remember correctly) just 18 months after leaving the UK.
  13. Salary expectations

    I've not noticed any dramatic differences between the suburbs here and the suburbs in the UK (but then the city I knew was London which can't really be described as much smaller than Melbourne). You obviously have to compare like with like - there's no point comparing a centuries old village in the Cotswolds with Point Cook but if you take a modern UK suburb like Chafford Hundred (where I used to live) it's very comparable (although Chafford Hundred needed far fewer shopping facilities of it's own as it's next door to Thurrock Lakeside).
  14. Salary expectations

    20 mins from Point Cook to North Laverton sounds about right. I'm not in Point Cook but I'm not far away. Shopping centres seem to have exactly the same chain stores wherever you go and Point Cook is no different.
  15. Salary expectations

    Well if it's only the place that are 45km from the CBD that are a problem then Point Cook's sitting pretty at less than 30km from the CBD.
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