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Ken

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Ken last won the day on March 14

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About Ken

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  1. Germany definitely has a winter Christmas so however good it is it's not able to beat a winter Christmas.
  2. Only if you're holding your map upside down. The real question is why would anyone from Queensland want to confuse the Gold Coast and the Sunshine Coast with Goldie (VIC 3435) and Sunshine (VIC 3020)? Surely they don't all hanker after living in Victoria do they?
  3. Ken

    Bank account help!!

    You can open a multicurrency account with Wise online. Comes complete with a debit card and you can have an Australian sort code and account number (as well as a British one) so you can use it for all normal banking tranactions until you get a regular account set up.
  4. Ken

    Creating a Gov.UK account

    What is socialist about multimillionaires only having to pay 90,000 while people with no more than 90,000 to their name have to pay the same? Clearly Boris is thinking ahead about the cost of looking after his Dad and doesn't want his inheritance to be spent on it.
  5. If you are going to be self-employed and "chucking" in to Super do bear in mind that there are different ways of making voluntary contributions. If you just pay in, the money isn't taxed when you pay it it but you'll have had to pay tax on the income you have needed to earn to chuck it in. You can however tell your Super fund that you are going to claim it as a tax deduction. That reduces the amount of tax you have to pay but your Super fund will then have to deduct 15%* from your contribution for tax but that's almost certainly less than the value of tax deduction you'll get. *Can be higher for those on high incomes and thresholds apply to how much you can contribute per year and in total.
  6. Umbrella companies are definitely not as popular in Australia as they are in the UK. There aren't any tax advantages, and if you think of Super as a tax rather an investment (I know many people who do however inaccurate that is) then it's a positive disadvantage because you are forced to put 1/11th of your income (after deduction of the umbrella companies fees) into Super rather than being able to invest where you choose. Yes they'll save you some of the paperwork (not all of it because they still need you to tell them who to bill and how much) but they charge you for the privilege and then some. Some of the suppliers dropped out of the market due to the difficulties of complying with ever tightening Fairwork regulations - what happens with long service leave and sick leave for example to someone who is contracting but has been with the Umbrella company long enough for Fairwork to consider a permanent employee? Logically the contractor has to pay as well as being the one that receives it but Fairwork of course don't approve of employers demanding money from employees to pay their entitlements. The suppliers that are left are not the cheapest - almost certainly because they're having to pay some sort of insurance to cover this.
  7. Ken

    UK Council Tax

    If you're caught burying her in a ditch you get free accommodation for life!
  8. Ken

    Creating a Gov.UK account

    If you can legitimately keep your income below £12,570 (approx. AU$23,000) each there's no tax to pay.
  9. Ken

    Creating a Gov.UK account

    I was able to check mine (I still own an investment property in the UK and was able to use that address and the mortgage on it to pass the checks) and was surprised to discover that the two years I was doing my A-levels count as full contributions (didn't even have a part-time job so definitely no NIC paid). Also my wife got contributions in years we receive Child Benefit even without any NIC being paid so it's not just about the number of years you worked.
  10. Yes as rammygirl has said you would have become tax resident in Australia (and ceased to be tax resident in the UK) on the day you arrived, if you arrived with the intention of settling permanently. It's not quite as hard and fast as "unless you leave permanently within 6 months" but if you return to the UK in a short period that will almost certainly change your tax treatment in the UK (they'll treat it as if you never left) and may change your treatment in Australia too (but they'll probably still treat you as resident for the months you were in Australia). Each case is decided on its merits. The tax returns of both countries include a space or spaces for the date that you became resident and/or ceased to be resident. The Australian tax returns asks you "Did you become a resident for tax purposes during the year?" and "Did you cease to be a resident for tax purposes during the year?" and asks for a date for each, whereas the UK self-assessment return has a separate Residency Section (SA109) which includes questions 3 "If your circumstances meet the criteria for split year treatment, put ‘X’ in the box" and 6 "If you have an entry in box 3 enter the date from which the UK part of the year begins or ends DD MM YYYY"
  11. Yes, export sales are included in the threshold. How to pay yourself only comes into play if you are going to create a company and then it's really about how the company pays you. If you are self-employed you don't pay yourself as your customers pay you - but I would recommend a separate bank account for the business - that way you don't need to give bank statements to your accountant that are full of your personal transactions (note that it does take some discipline only to make business payments from the business account and not to make any business payments from your personal account). The only impact of PSI is that the expenses you can claim are restricted (to those that an employee could claim) if you only have (or mostly have) just one customer. If you do take the company route then the company is a separate legal entity and so needs it's own bank account and you need to pay yourself and PSI becomes much more of an issue as does Schedule 7A (loans made to Directors).
  12. If you expect your turnover to exceed $75,000 per annum then you have to be registered for GST. If your turnover is less than that but you have a lot of expenses that have GST on them but most of your Sales do not (e.g. your customers are in the UK so they are export sales) then it can be worth registering even if your turnover is below $75,000.
  13. I'm not sure a Mexican would call that a quesadilla. Not only does it not contain much Cheese but a quesadilla is made either with two tortilla's and the filling between the two or with one tortilla folded in half.
  14. Yes, it's a quesadilla when the filling is mostly cheese and then it's grilled. It's a Mexican Toastie.
  15. Sorry for the confusion Marisawright. I was referring to it as being ignored for tax purposes. It should be filled in at income test IT4 however as it forms part of your "Adjusted Taxable Income" used by Services Australia (Centrelink) to determine entitlements to certain benefits. Note that if you do claim anything from Services Australia they will still ask you to declare amounts of Target Foreign Income on their forms.
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