DT55
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Posts posted by DT55
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1 hour ago, vegemight82 said:
Hi Again
Cant seem to see this mentioned in other threads but wondering about 'dual citizenship' RE; having 2 passports?
I know its easy using the UK passport getting out of Australia but difficult getting back in on it - especially last time.
Once I got into Australia the immigration officer did mention that something hadn't been finalized on their end, even though I've had my ceremony etc but it was corrected.
So now my question is - do you have to get an Australian passport even though I'm considered a dual citizen? The fact its going up twice this year just getting it in early/thinking of the $$
Anyone else face this problem? Past experiences and advice appreciated please.
Dual citizens need an Australian passport to re enter as they are not allowed to hold a visa attached to any other passport from a different country
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3 hours ago, empire said:
What a coincidence, Before I moved to the UK I lived in Tassie for 10 years. Live in Burnie and as I'm aware since then the house that we sold has doubled via almost an extra $100K as it's on the coast/river with sea views. Since 10 years other than cost has doubled I do not think it has changed that much compared to Hobart. Transport in Burine is only buses and almost every two hours to go to and from Ulverstone, so unless you live in a city with a 20-minute bus route then no different to the UK..
Before moved to the UK, we were not happy with what the outcome was, The temps are getting higher and I hate the heat and summer, what made us move to the UK are:
- Family, mostly UK based
- Cooler temps
- Being so near and close to many locations, Can drive anyway and not need to fly
- Grandparents are British-born and want to go back to their roots
I live in a town that's only 5mins walk to the beach, 30mins drive to Whitby and a good hour from York. Even each town has a bad and good location. I would say the UK has more history and older buildings and driving is less, as Ozz you need to fly from state to state.
How things are at the moment I'm single and like anyone else can't afford things even with the cost of living so end up living with my grandparents but supporting and helping them out as age is not on their side anymore.. We end up sharing between the three of us.
If I wanted to stay, would make it hard to regards money being split. Plus would take me an arm and a leg to get them to say I'm not going XD
That's a thing, I do not know what is going on, Might end up moving and a year later end up being worse off.. Here in the UK, we do not hear anything regarding what's going on from Ozz
I'm Ausiliaan born anyway and so that's not a problem other than renewing our passports.
What's the cost of buying in Tasmania then? 3 bedrooms nowadays?
Sounds like you’re living in Scarbados!!!
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On 16/02/2024 at 17:55, Simontucks said:
So let me get this straight.....
Public schools are terrible yes, or is that just for the purpose of this forum?.....
Seems like there is a big dark cloud sitting right over this site.
Everyone I've been in touch with in the west area of brisbane and there's been a few(yes I have done research away from here,more so the last fortnight due to not quite believing the negativity on here on most subjects) every single person has said the schooling is good both private and public. Yes ,I'm not stupid enough to think it's perfect,no schools are,kids can be horrible but,listening to this site Australia is the pits of the earth.
Stay happy guys,I'm out
There are some great public schools in Brisbane!!
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17 hours ago, Andrew from Vista Financial said:
Pretty much sums it up from an Australian tax perspective although in some cases this may be a consideration: https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Undeducted-Purchase-Price-of-a-foreign-pension-or-annuity/
Typically if a foreign super lump sum benefit payment is received more than six months after gaining residency or ceasing foreign employment then, the Applicable Fund Earnings (AFE) will be taxed at marginal tax rates/ : https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-using-your-super/Super-lump-sums-from-a-foreign-super-fund/
Regards
Andy
Thanks Andy - that’s useful to know
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1 hour ago, rammygirl said:
That is right. My UK gov pension worked like that.
For me the tax was / is minimal as I am not working here. You may need advice for your particular situation though.Thanks. Useful to know as you have the option of taking a larger lump sum with the NHS pension. Also is the lump sum taxed at 15% rather than marginal rate?
cheers
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On 23/02/2023 at 23:18, Alan Collett said:
I recommend that you consider the after tax position in Australia of a lump sum versus a regular pension.
The former is subject to Australia's Applicable Fund Earnings (AFEs) tax provisions whereby some of the monies will be tax free.
The latter will be wholly taxable in Australia.
Best regards.
Interesting. So in layman terms, say you have a NHS pension which pays a lump sum and then regular payment- they are taxed differently?
- Lump sum. Only taxed on any gains since you left the Uk? Is that right?
- Regular pension - taxed at your marginal rate?
Thanks
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Monster munch!
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5 hours ago, Daffyduck said:
The AIMS assessment is absurd, especially seeing as the IBMS give equivalence to Australian degrees!
We decided to just go with my wife as the main applicant, she's a vet and all they wanted was her degree and employment history.
Yeah same. Biochemist skills assessment was just education and employment history. So much overlap between biochemist and biomedical scientist but the skills assessment requirements couldn’t be further apart. That’s why I suggested considering using an agent (maybe Paul above) as there be a much easier route that what the OP Is currently pursuing
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Is the biomed science route your only option to migrate? We considered this route years ago but found the AIMS skills assessment ludicrously difficult. We migrated under a similar but different route (biochemist) where the skills assessment was much much easier - this was years ago mind. Maybe worth consulting a migration agent to see what options are availabile?
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Hi,
Are moneycorp not operating in Australia from December? Got a message from them this morning with words to that effect saying they were closing my account?
cheers
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4 hours ago, Parley said:
I do have a credit card (used to have 3 or 4) but really only use it for emergencies. Mainly now i try to use a debit card.
Dave Ramsey's view is it is a psychological thing. He believes if you are spending your own money you think a lot more about buying things than if you are pulling out a credit card. He wants it to hurt when you spend money I think.
I don't really follow him that much but it is amazing the people who ring into his show and have several car leases, heaps of student debt and some have massive credit cards debts of over $50K.
Yeah I think Dave Ramsey (and Barefoot) like to refer to this as ‘Conscious spending’ and I think for me at least it works. When I had a credit card, even though I paid in full every month I definitely spent more which is one of the reasons I don’t have one any more.
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On 29/03/2021 at 16:05, John Howard said:
Hi, Should I save or invest my money? and How much should I save?
For general advice on this I think the Barefoot investor or Dave Ramsay’s baby steps are both good places to start
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On 31/01/2021 at 10:54, calNgary said:
My tumble dryer.
We only brought about 8 large boxes (plus numerous suit cases) when we moved and i gave my nearly new dryer away as i naively thought i wouldn't need it here. Ive kicked myself every winter since arriving,lol
Cal x
Interesting. We shipped over our tumble dryer and it’s been sitting in the garage for 8 years not doing anything
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On 24/11/2020 at 10:06, NicF said:
I disagree entirely with the post above. When there are so many things to do when you first arrive having a bank account set up and ready to go is a really good idea. I believe some of the banks will have your cards there ready to pick up as soon as you arrive as well. Paying for things with a UK card is a sure way to loose money in fees and poor exchange rates. Plus you have the danger of the bank deciding you have unusual transactions on your account and stopping your card. The big 4 banks (NAB, Westpac, Commonwealth and ANZ) will all allow you to open accounts from overseas and activate once you arrive in Australia. We started with ANZ then changed to Commonwealth when the ANZ started trying to charge us fees. Which ever bank you decided to go with before you move I would recommend looking at better options once you are here, especially if you are likely to purchase from overseas on a regular basis.
Agree with the above post. We set up our Westpac account from the uk got off the plane and picked up our cards straight away from our nominated local branch. Really easy. Since switched to ING as they don’t charge international transaction fees and refund domestic and overseas ATM fees
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Yes. Was sent a birthday present in March and is yet to turn up
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I work for a Private Pathology company and there always seems to be jobs like this advertised In the multitude of collection centres dotted around.
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On 19/10/2019 at 02:43, Purpleleaf said:
We in the process of applying to go to NSW - Sydney (hopefully) and weighing out the pros and cons
My daughter is currently in P4 so the equivalent grade in Aus
Is upward of $5000 include books, text books etc, Are there any rebates from the government, like something similar to child care credits that we get in the Uk?
I know extra murals will be at an additional cost.
Note also that if you need to use out of hours school care you would have to pay full whack$$$ on a temp visa. If you had PR you get government rebates on this.
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Do NAB still sponsor this site? Could ask them?
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9 hours ago, Jorge said:
Hi all!!!
I'm very excited because I got the invitation for the ceremony in September (City of Sydney Council).
The issue? Well... I'm going overseas for 2 weeks in October as my sister is visiting after 3 years. I informed immigration as soon as I bought the tickets, about 2 months ago. The trip is about 10 days after the ceremony. My question? Would there be an issue if I don't get the passport on time or should I just reject the invitation and wait for the next invitation to a ceremony? I called immigration and they couldn't give me a straight answer.
Have a great weekend!
If 10 days is too tight I think i would just postpone your ceremony
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5 hours ago, Patel2019 said:
My 489 family sponsor visa granted on 2017. I landed in Australia in2018 till 1 I camebebak to India to file joint divorce petition.
As per rules we have to update change of circumstances to dibp. As the sponsor is my brother in law and if I will update dibp about divorce processing can this lead to my visa cancellation as after divorce I will not be a part of family members with my sponsor.
I m the main applicant of 489 visa.. Can someone please guide me the possible situation?
You need to talk to a registered migration agent.
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On 19/07/2019 at 08:21, Quoll said:
Only your UK age pension is frozen at the rate at which you leave UK. Private pensions are treated however they are treated in UK.
You will need to have been resident in Australia for at least 10 years of which at least 5 must be continuous.
Your income from UK pensions may well put you beyond the means test threshold.
The Australian Age benefit isn't an entitlement but a welfare payment, quite different from UK age pension. If you have any working years left you can maximise any superannuation by putting more into the pot than the minimum, and if you salary sacrifice you can make it worth even more.
Is your age pension frozen when you leave the Uk or is frozen when you first claim it ie when you turn 67? Could make a big difference. Thanks
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7 minutes ago, ali said:
I can't find any information that the childcare subsidy falls into the two year requirements - have you asked them directly? The two year wait (according to the website is for carer payments and parental leave. It's possibly that the subsidy doesn't fall into the waiting category.
When we became PR there was no 2 year wait for childcare subsidy (but was for other benefits). This was 5 years ago. Id check again just in case the person you spoke to made a mistake
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On 03/06/2019 at 23:09, LouDYorkie said:
I understood you can take it after 7 in VIC and ACT and after 10 in all other states...?I thonk its company specific. I can take Long service leave at 7 and 10 years. Im in QLD. I can also cash in personal leave if you have enough and been with the company long enough
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On 26/05/2019 at 08:00, Chortlepuss said:
Thanks VS - we are staying with my sis who lives next to the Fairy Dell - and have a trip to Whitby by train over the moors planned!
You can get a steam train from Goathland to pickering as well. Nice walks around there if you're into that sort of stuff
Standard Life - all or nothing!!
in Money & Finance
Posted
I’m confused. I thought with pensions lump sums, and the regular payments were taxed differently ie with lump sums you are only taxed on any gains not the whole amount. Or is this different? Or have I misunderstood?