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netizen

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  1. I really need to make a Last Will And Testament. But as a "temporary resident" of Oz, I keep most of my assets abroad (so no income tax or CGT on them). I can imagine that this arrangement could make for a complicated legal situation. A typical Oz lawyer won't know about the UK rules and vice versa. I don't want to make a Will that turns out to be useless because it doesn't cover all the UK-resident assets. I'm also unclear on UK inheritance tax. Does anyone have experience of dealing with this? Thanks v. much in advance.
  2. Most of the text I have read with respect to UK pensions relates to either transferring the fund to Australia or taking money out as retirement income, but that's not my question... When I was in the UK I set up a SIPP. Now I have left the UK and I was in Australia for the whole 2011-12 tax year. I haven't touched my SIPP in any way (no transfers, no money in or out). It is still there in the UK and it earned some dividends; these were paid straight into the SIPP and have stayed there (to be withdrawn in the distant future). My question is, do I have to declare these dividends to the ATO on my Australian personal tax return? I think the answer is No, but I really hope someone can give me a definitive answer (or point me to someone who can give me one). Thanks v. much in advance.
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