Ken

OnePath also managed a lot of super funds that weren't duds. The risk here is of people moving funds out of one of OnePath's performing funds into a dud fund with another provider on the basis that the other provider has less dud funds. It's not going to help. It might help if each provider only had one fund in that it would be much easier to track and compare performance, but that would obviously be seen as reducing consumer choice.

It's easier than switching car insurance - but as with car insurance most people don't bother to do so.

Happy to assist if required. Yes, temporary residents are exempt from tax on foreign income. Target foreign income does still to be declared (even though it is not taxed) as it impacts your entitlements to some benefits (although as temporary resident you are not normally entitled to them anyway).

Origin Tariffs increase from 1 July too:- Charge description Charges as at 30 June 2023 New Charges from 1 July 2023 Difference Controlled Load 2 Usage 19.777 cents per kWh 23.122 cents per kWh 3.345 cent increase (+16.9%) General Usage 25.559 cents per kWh 31.724 cents per kWh 6.165 cent increase (+24.1%) Daily Supply - Controlled 3.017 cents per day 3.696 cents per day 0.679 cent increase (+22.5%) Daily Supply 117.155 cents per day 132.649 cents per day 15.494 cent increase (+13.2%)

No fee for transferring from GBP to GBP (in either direction). Yes, Wise has a UK sort code for GBP. There is a fee for transferring from AUD to AUD out of (but not in to) Wise. The fee is 57 cents. PS: Sorry, I didn't notice that InnerVoice had already answered this.

It does occur to me though, that if your UK passport number was already in the system (because it was the one you had at the time you applied for citizenship say) shouldn't they automatically know that you weren't eligible and reject your application? Be interesting to know from someone who has tried this.

There was a time when applicants were advised not to do their medicals and police checks until they were asked for them, as processing could sometimes take more than a year and the checks would be out of date by the time they were needed. Thankfully that's not the case (for most visas) now, but you still don't need to provide them at the time of applying.

That's a very good question considering that the only penalties that seem to exist for lying on a visa application are not issuing or cancelling a visa and not allowing you to apply for another visa for 3 years (or 10 years in the case of a public interest criterion 4020 whatever that is).

As a general rule it's when the sale becomes final, not when the money changes hands. For UK house sales that generally means exchange of contracts rather than completion date, but as InnerVoice has pointed out if the sale falls through at the last moment it could be awkward. But I wouldn't expect any actual tax to be paid since even if the sale is deemed to be when they are in Australia, they will still have primary residence exemption in the UK (I think for 18 months after they stopped living there) and main residence exemption for Australian CGT (for up to 6 years). There is a change of status that occurs when they arrive back in Australia because they become non-residents in the UK and they become residents in Australia. However, if the date of sale is shortly after they moved, the only practical difference is that they would be required to report the sale to HMRC within 60 days.

It used to be that Wise charged a fee for Australian residents holding more than 13,000 GBP in their account (there was a separate limit for each currency so you could have a lot more than that provided it was spread across multiple currencies) due to the rules for a "Purchased Payment Facility" that Wise operate under in Australia requiring them to hold extra capital in excess of customer balances. I'm pleased to say that fee has been scrapped as of June 2023. Basically, rising interest rates mean than Wise can now earn enough interest on your deposits (they don't pay you any interest) so they no longer need to charge any extra to cover that expense. So, you can keep any amount you want in your Wise account fee free - just be aware you'd be better off if it was in an interest-bearing account somewhere else! Beyond the lack of any interest, the only remaining disadvantage of a Wise account over a traditional bank account that I'm aware of is that you can't deposit a cheque in it. Thankfully cheques are dying out, so it won't be the issue that it once was for much longer.

As Andrew has told you the 2015 date is only the date for UK CGT (prior to that date there was no CGT on residential property, but non-residents have been hit by it since then). For Australian tax it depends upon when you became tax resident in Australia (on a permanent not a temporary visa) but there are ways of reducing your CGT further, including classing the property as your principle private residence for up to 6 years after you stopped living there (you can only have one PPR at a time though so you have to be careful with that) and the 50% discount for owning it for more than one year (but note that this also reduces the amount of UK tax paid that you can claim as an offset by 50%) and as Andrew has touched on you can reduce your tax bill by making a concessional contribution to Super. Talk to a Tax Agent. Also beware that selling a property in June means paying the tax an entire year earlier than if the sale is in July as it's in an earlier tax year - for UK property sales the date you exchange contracts should be the date that applies for tax purposes even if you don't get the money until later.

Way back in the 1990s when I was working in Poland, I was told by Barclays that I'd have to close my account because I was non-resident. I opened an account with Nat West in the Channel Islands - who insisted I close it after I moved back to the UK. I think the banks just enjoy causing as much inconvenience as possible.

NAB didn't acquire Citibank Australia in order to close it down. Your account will be open for the long term. However, if you look on their website there is no mention of foreign currency accounts. This would appear to be a service that Citibank provided that NAB have not continued.

I don't think the problem is with the safety of you using your wise account, but with scammers getting people to transfer to their wise account. Virgin money has therefore decided that the risk that someone asking to transfer money to a wise account is being scammed is too high for them to bear.

If the bank considers the contracting to be self-employment, she'll need 2 years of accounts not 12 months.

That would be a balance transfer (unless your current finance company has a pay by credit card option - which is very unlikely). The difference is that when you make a credit card purchase the company that you buy from pays a fee to the credit card company (sometimes that fee is charged back to you as a credit card surcharge) so the balance on your card is more than it cost the credit card company. When you make a balance transfer your new credit card company has to pay the full amount and doesn't receive anything back from your old lender so the balance on your card is the same as it cost the credit card company (and possibly less if you consider the bank fees that the credit card company had to pay).

It depends upon what you do with the money. If you are using it to grow the economy faster than you are increasing your borrowing you will not run out.

But it wasn't in this budget. it was in the LNP budget two years ago years ago (maybe longer) they just pushed it way down the road so they knew could scrap it before it came into force if necessary. This budget has merely decided not to scrap it (same as last year's budget) or to be precise has pushed the decision on scrapping it down the road again. That's because they know there's still time to scrap it in next year's budget as that will still be before it comes into force - and there's a better than even chance that they will.

Because there's already a shortage of rental housing and rental controls would only exacerbate that. Government built rental housing (you can call it social housing if you want) is the obvious solution when no one else is prepared to invest in the sector.

The problem is they made an election pledge that they would go ahead with the stage 3 tax cuts despite voting against the legislation when it was passed. They're very worried about being accused of breaking that pledge. Can't see why they don't scrap the tax cut and just blame it on Putin though.

I don't see that buying a property would necessarily make someone a tax resident immediately. There is such a thing as preparing to take up residence as opposed to taking up residence. That said if someone's only home is in the UK there is the assumption that is where they live - but if they are spending 6 months in Australia, I would expect them to have a home there too (they don't need to own it) unless they have one of those jobs that requires constant travel.

Melbourne's been talking about a train line to airport for even longer - I believe since they first start to plan to build the airport in 1958 (the airport opened in 1970). They now claim they'll have one by 2029. You've got to admire the optimism.

There's a completely different set of CGT rules in Australia, consequently just because you have no tax to pay in UK doesn't mean you have no tax to pay in Australia. It works the other way around too. Some people have to pay tax in the UK but none in Australia. The big issues are your tax residency (temporary residents don't pay tax on foreign assets); when you became tax resident in Australia (gains before you became resident aren't taxed) and whether or not you ever lived in the property (it might still count as your main residence and so exempt from CGT).

I've only heard of people hearing that they've passed the medical by the status of their medical changing on their visa application changing from received to approved (or possibly to finalised - it's been a while since mine was done) so I don't know how you would find out you passed without making an application. I also have doubts about the department's ability to link a previous medical to your new application. I think you might need to contact the clinic to add the application number to the medical report.

Over Nine years in Melbourne, 16 months in Gold Coast (so far). That whole "4 seasons in one day" thing in Melbourne is something I'm glad to get away from. I like the consistency we have here. I do miss the house we had in Melbourne (we designed it ourselves so we had great room sizes and everything where we wanted it) but the house we have now is Mortgage free, so despite the lack of energy efficiency that we built into our house it works out a lot cheaper.