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Ken last won the day on September 28 2016

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About Ken

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  1. Ken

    The (all new) Brexit Thread

    And in 1987 KMG (Klynveld Main Goedeler) merged with Peat Marwick Mitchell to form KPMG (Klyneld Peat Marwick Goedeler). In the UK the local firms were KMG Thomson McLintock and Peat Marwick Mitchell & Co and they formed KPMG Peat Marwick McLintock. They later shortened the name by dropping the McLintock and still later dropped the Peat Marwick so as to just have the 4 letters. I joined KPMG Peat Marwick McLintock in 1987 and recall having colleagues who had turned down job offers from Peat Marwick Mitchell & Co to join KMG Thomson McLintock only to find themselves working for the same partner they turned down!
  2. Ken

    457 Medicare levy exempt or not

    You haven't provided enough information to answer the question. Some 457 visa holders are not entitled to Medicare and so don't have to pay the levy. Other 457 visa holders are entitled to Medicare and so do have to pay the levy. Nearly all British citizens on temp visas (which I'm guessing you are as you're on Poms-in-Oz but we do get a lot of members who aren't Poms) are entitled to Medicare through the Reciprocal Health Care Agreement between Medicare and the NHS. If that's you, then you do have to pay. Those very few exceptions are people who've been outside of the UK for so long they aren't entitled to NHS treatment and so the reciprocal agreement can't apply to them. You'll still need Medicare to issue a certificate to confirm you're not covered to escape the levy even if you think the NHS (and hence Medicare) wouldn't cover you.
  3. Ken

    The (all new) Brexit Thread

    Started as a British firm? Well you're a quarter right. The P in KPMG (Peat) was British. But the K (Klynveld) was Dutch, the M (Marwick) was American and the G (Goerdeler) was German.
  4. Ken

    Renting my uk house, pretty urgent

    Remortgaging from Australia is almost impossible. There are a few people who've managed it via an expat scheme but you'll probably find staying on the Standard Variable Rate from your existing lender after your fixed term has expired is the cheapest option available to you. The problem in my opinion is the requirements on the lender to comply with both UK and Australian lending and financial advice rules.
  5. Ken

    Pensions in UK

    I don't put my surname or phone number on this website so it's not from here - but I can't keep my phone number hidden everywhere as I use it for work. If you cross reference enough different sources you can build up a lot of information about people.
  6. Ken

    Pensions in UK

    Unfortunately that doesn't stop them cold calling you with offers to move your pension either within the UK or to somewhere else overseas! Since they're not in Australia the no call register is no help either.
  7. Ken

    The (all new) Brexit Thread

    I just heard an advert for momentum on the radio. Apparently they can save you money on you gas and electric bills https://www.momentumenergy.com.au Clearly a communist plot - just where are they getting the gas from?
  8. Ken

    Israel Folau

    I have exactly the opposite view. This country should introduce a blasphemy law so that anyone trying to claim any immoral view (such as homosexual should be stoned, or women must wear headscarfs) while claiming it's God's view (whichever denomination) can be jailed. You're welcome to have any political or religious views you want - just don't pretend to speak for God.
  9. Ken

    The (all new) Brexit Thread

    It would be crucial. But it wouldn't be ironic.
  10. Ken

    Residency when drawing your Super

    No, if you move it to a bank account then the whole amount will be income in that year. Not usually a problem for Australian Tax as it's Super income but very expensive for UK tax where the concessions for Super don't count.
  11. Ken

    The (all new) Brexit Thread

    So someone with experience of dealing with banks? Could be just what the ECB needs. Someone who can talk to them on their own level.
  12. You should also give some thought as to whether or not it is worthwhile buying health insurance now just to avoid the LHC. If your family income is below the threshold ($180,000) and likely to remain below it then you'll never have to pay the Medicare Levy Surcharge regardless of whether you have health insurance or not. On the other hand if it's already above the threshold then you are going to have to pay the Surcharge if you don't take out the insurance. You can do that at any time but if you do it when you are over 31 you'll have to pay an extra 2% to 20% extra for the privilege if you miss the first anniversary of your full Medicare registration.
  13. It's only the gain after you become non-resident that is taxed in the UK (and currently the first 18 months of that is tax-free - but that's going to reduce to 9 months). All the gain you've already made is tax free - you might be wise to get a proper valuation done on it so you can demonstrate in which period the gain was made in though as otherwise it could be apportioned across the whole period.
  14. As long as it's not drinks instead of dinner...….
  15. Ken

    The (all new) Brexit Thread

    But an independent Scotland would need some form of currency. Wouldn't adopting the Euro be cheaper than inventing their own?