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Wanderer Returns

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About Wanderer Returns

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  1. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    AI and Robotics are indeed very different technologies. Robots are machines which can be programmed to do tasks. They can operate autonomously using software, which may or may not incorporate AI, for example robots in the manufacturing industry. The chatbots you mentioned use AI, but they are not robots because they have no physical capability. The challenges faced by Robotics engineers are primarily mechanical, electrical, and electronic, whereas artificial intelligence requires an understanding of computer and data science. They are like chalk and cheese. Sorry for being a bore, but this has happens to be my field. I’ve no idea how we got here from capital gains tax though!
  2. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    It’s a common yet understandable misconception that AI decision-making is purely logic-based. In the beginning this was true to a certain extent, but AI has always been about adapting machine learning to make the best decisions based on incomplete or ambiguous data, just as we humans do. The difference is that AI is now so advanced it can rewrite its own software based on previous outcomes and already rivals us in terms of ‘intelligence’, if not yet empathy. The machines are coming, and it’s dangerous to assume that any job is just too complicated to be automated. I'm in my 50s now so none of this is really going to bother me too much, but if I was just starting out then I'd definitely be concerned about choosing a future-proof career.
  3. Wanderer Returns

    Go home to uk or build retirement in Melbourne?

    That's good to know. We didn't have a problem when we came back 5 years ago, but as you know they keep tightening things up to try and curb health tourism.
  4. Wanderer Returns

    Care worker jobs - rates of pay, conditions, etc?

    She's an adult care worker. She has the Care Certificate, and a Level 2 NVQ in Adult Care.
  5. Wanderer Returns

    Best State High school Sunshine Coast

    Oh yes - sorry!
  6. Hi, we're moving back to Australia in about 6 months time. My wife is a qualified care worker and was wondering what the current rates of pay and working conditions are like in Australia? We've looked online and there are all sorts of figures and nothing 'official', so it would be good to hear form someone who is currently working in the sector. Many thanks, Martin.
  7. Wanderer Returns

    Best State High school Sunshine Coast

    https://www.myschool.edu.au/ is a good starting point. You should check out the schools in person as advised above, and the social media pages for schools are also worth a look for down-to-earth opinion. One of my friends sent her girls to Chatswood High School about 5 years ago and couldn't rate it highly enough, so there's a personal recommendation. Hope you find a good school.
  8. Wanderer Returns

    Go home to uk or build retirement in Melbourne?

    Marisa raised an excellent point regarding pensions. I’m in a similar situation to the OP in that I don’t have much in my Super either, partly due to a misspent youth, plus a misspent 20s and 30s! I'm not proud to admit that I’ll probably be dependent on the state pension either here or in Australia, should I live to a ripe old age. I know it shouldn’t be about the money but it is a consideration. As well as being a great country to live, Australia has one of the most generous state pensions and social care systems in the world. Pensions here in the UK are contribution-based and not means tested like in Australia, so you won’t get a penny out of the system here unless you’ve lived and worked here for at least 10 years - and even then it’s probably going to be peanuts. There used to be a Social Security agreement between the UK and Australia but it was cancelled back in 2001, due to the tightfistedness of the British government at that time. https://www.dss.gov.au/about-the-department/international/international-social-security-agreements/termination-of-the-social-security-agreement-with-the-united-kingdom-uk-1-march-2001/termination-of-the-social-security-agreement-with-the-uk-information-for-prospective-migrants Quote: Can I get an Australian pension if I am living in the UK? ‘Australia will continue to pay its Age Pensions to pensioners going to the UK under it's general portability laws. However, Australia will not grant pensions to people residing in the UK (nor did it prior to the Agreement terminating). Pensioners planning to travel to the UK (and other overseas countries) should advise their nearest Centrelink office. Another consideration is access to the NHS, which is no longer free to returning expats. You have to be 'ordinarily resident' here in the UK to get free healthcare. https://www.datadictionary.nhs.uk/data_dictionary/nhs_business_definitions/o/ordinarily_resident_de.asp?shownav=1 The definition of ordinarily resident is clearly ambiguous, but I'd want to make sure I had a UK address, driving licence, a bank account/credit card, and was registered with a GP before I attempted to access NHS services. And if you ever have to fill in a form with a box to tick which asks; 'Have you been been resident in the UK for the last 3 years?' Well... Hope this is helpful, Martin.
  9. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    Many thanks to everyone for their input and all the really useful info. I never would have thought that Capital Gains Tax could be such an exciting topic of conversation! I will keep my eye on that nine months window from April 2020, but hopefully we will have sold our property well before then. And I’ll make sure I complete the NRCGT on time too. Kind regards, Martin.
  10. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    ...until they're all replaced by AI, Jon!
  11. Wanderer Returns

    Go home to uk or build retirement in Melbourne?

    The 'whole thing' will definitely be a disaster because 1974 London no longer exists, and it seems that you haven't yet established what you really want for your future. I sympathise because I feel the same lack of belonging; it's what happens when you're uprooted at an early age and transported to a place where you feel no connection. You could get one thousand opinions regarding what others would do 'in your shoes' but you're the only one who fits your shoes. You are the Cinderella in your own fairy-tale! Trust your instincts and go with your heart, not your head.
  12. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    Many thanks for all your replies. My friend who is a tax adviser told me that it's now 9 months, but for us our exposure to CGT won't be significant as our house is not high value and we haven't owned it very long.
  13. Wanderer Returns

    Moving to Cairns – should we buy or rent?

    Thanks, I guessed that would be the case. It surprises me that it has taken them this long
  14. Wanderer Returns

    Moving to Cairns – should we buy or rent?

    Blimey! As a matter of interest, is there any evidence that the HMRC and the ATO share information, or does each organisation rely on tax payers compliance in providing the correct information about overseas earnings?
  15. Wanderer Returns

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    Thank you again Marisa - you are a mine of useful information! We couldn't afford to buy a property in Australia until we had sold our house in the UK, and I don't think we'd rent it out for as long as 6 years, so I don't think it will be an issue for us. Good to know though!
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