Anushka

I live in Darwin, have done for some years. Would be happy to help, but not had children go through school here. Anything we have heard about Darwin High School has been fine. Happy to take questions about Darwin stuff if you still need info.

Yes, we have too many assets and too much taxable income to qualify for age pension - we have been in Australia for nearly 30 years.

We are already retired and over 60, both have employer pensions and not eligible for Australian state pensions. One of us has a pension income stream from university defined benefit fund, ie not an allocated pension from a lump sum. We are considering moving back to UK in 5 years time. We know in many cases it is possible to transport an UK employers pension to Oz via QROPS scheme. Is there anything similar for people doing it in reverse, ie Oz to UK?

We assume we would become non resident in Australia. If the pension money still has to be paid into an Australian bank account, will it be taxed in Australia, and would it be taxed from the first dollar?

And if it still has to be paid in Australia, and we want to use it in UK, then we would be subject to currency conversion fluctuations in bringing the money to UK. Does anyone have any advice on optimising the currency conversion process and being in better control of the conversion.

Is it best to have sold up everything in Australia before ceasing to qualify as resident in Australia?

Thanks for any help and advice.