RN2RAAF

The same thing every other fiat currency is 'pegged against'.

DEBT!

I currently have a small investment in Physical Gold and have been told by the Customs Information and Support Centre that, because it isn't coinage in current use, (gold bars) that it would be subject to Goods and Services Tax on import but, given the fineness of the metal, they would be duty free.

No details were given as to the percentage of value of GST that would be applied and I'm looking for any advice on what to do with it prior to making the move to oz or indeed any personal experience anyone has.

If gold prices go up before I emigrate, no problem, I'll sell but if they don't... lol

Thanks

I didn't inform the SLC that I was moving to Australia (mainly because when I've informed them of anything else they promptly lose the information or ignore it i.e. me changing my name when I got married) but it only took them 4 months to cotton on to the fact I wasn't paying it anymore and try and find out where I was. Ok, so wasn't hard, all they did was send me an email saying they wanted to 'discuss my time at University' - Lol!

 

Anyway, they sent me out an overseas assessment form where I had to fill in details of my job and what I was doing and send evidence of my contract and payslips. They then sent back a schedule of payments for the next 12 months. They only wanted £41 a month from me (which seems insane considering they were taking £220 a month when I was in the UK!) so instead of setting up a direct debit monthly from my UK account I paid the whole year in full.

 

I'm due another assessment in November, but it's at around £2,000 now so I'll probably just pay it off this year, save me the hassle!

Thank you for this 'real time' experience answer on the issue. I haven't made the move to oz yet and I have a daughter in the final year at Uni. She doesn't want to join us but your actual experience has provided a definitive answer. We now appear to have the right advice if she changes her mind.

Thanks again