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5000/1

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Posts posted by 5000/1

  1. Help !!

    My wife had 4 months left on her visitor visa , changed passport last week and advised Immigration via 929 form.

    she may have too urgently travel to aus , will the visitor visa be on the new passport ? Can you apply for a 651 if the old one has not yet expired ? 
     

    many thanks for any help am desperate here ! 

  2. 1 hour ago, SusieRoo said:

    We were also surprised to discover this extra cost for 173 visa holders. As temporary resident you need to apply for an ‘exemption certificate’ which I think costs $5700 for homes up to $1m in value.

    Thank you for the information.

    wish we had plumped for 143 but was expecting waiting list to be around 2 years so wanted xtra time.

    i imagine it could be around 4 years or so now. 

  3. 1 hour ago, Biggsy said:

    I considered this at one point a while back then quickly gave up the idea when I realised you are essentially a foreign investor. You have to go through a lot of red tape and pay for the privilege. I think if you buy a property you also pay a much higher rate of the Australian equivalent of stamp duty.  The information out there on the web but can't remember where I saw it. If you're going to see a financial advisor in the near future then it's likely they could help you with that.

    Think we will be renting or staying with my daughter until 143 then.

    thank you for the info much appreciated 

  4. 6 hours ago, Andrew from Vista Financial said:

    Hi there

    That question on pensions is not a black and white answer as it will depend on a huge range of things mostly to do with your current position and future goals and objectives (predominantly around retirement).

    Just some background though, a UK pension cannot be transferred to an Australian QROPS Super Fund (since 2005) until a person reaches age 55. 

    From that point it may be possible to transfer a pension (depending on the type) as some cannot be transferred (government defined benefit unfunded schemes) however whether it is the right thing to do or not is a different matter and if the balance is quite large then usually a straight transfer is not possible due to Australian contribution limits therefore phased/staggered transfers would be required.

    See here for a bit more info https://vistafs.com.au/main/page_uk_pensions_age_55.html.

    There may also be options for people under age 55 to consider around transferring their pension, again though this would need to analysed at an individual level but moving say to an SIPP could be a consideration given then the ability to invest in currency and funds that are Aus Dollar denominated.

    See more here https://vistafs.com.au/main/page_uk_pensions__age_55.html.

    Happy for you to reach out via PM or email ( andrew@vistafs.com.au ) to create initial contact and then possibly move to advice if necessary and at an appropriate time.

    Regards

    Andy

     

     

    Thanks Andrew I will be at an age to transfer any pensions I have . I will drop you a mail over the next couple of days if that’s ok ? 

  5. 9 hours ago, Marisawright said:

    If you decide not to use Vista, make sure you use a company that has experience in both Australia and the UK.  Moving pensions is an absolute minefield.  There can be huge taxes to pay if you get it wrong!    Not all pensions can be transferred, and for some people, it will make more sense to leave the pension in the UK and just transfer the money when you need it.   So good professional advice is critical. 

    For the UK govt pension, you just let them know your new address, and your new bank account if you decide to have it paid in Australia.   You might prefer to have it paid into your UK bank account and transfer it as you need it, to give you more control over the exchange rate.

    Many thanks, I think the government pension will just be paid into a Uk account when I reach that grand old age .

    The company / private pensions will need a bit of sorting am sure.

    i was also unaware that there were additional costs involved purchasing a house on a 173 visa - would anybody know what the % is ? 

     

     

     

  6. Still a way to go for us yet but need to start thinking about tax and pensions I guess - gulp !

    Is it better to just leave any pensions you have until retirement age and then take them or transfer across when you emigrate ?

    Are there companies that advise on all financial implications with a reasonable cost as this emigration malarkey is quite expensive:) 

    thanks in advance folks

  7. 2 hours ago, LindaH27 said:

    I hope you’re right as I’m a June 2017 applicant! But I’m afraid the maths is against  me. By end June 2017  there were over 44000 in the contributory parent queue. That includes 173,143, 864 and from this year 405 /410 retirees changing to 143

    The government are only granting 6000 contributory parent visas per year (173,143,864)  so as I said the maths isn’t good! 

    The website mentions processing times of 44 months etc - that is only for the visas they are currently processing ie 2015 - not later applicants 

    https://www.homeaffairs.gov.au/research-and-stats/files/report-migration-program-2017-18.pdf

    Think the 173 will be a bit smoother due to no AOS ?

    i am hoping 42 months all together but it really is anyone’s guess .

  8. 3 hours ago, LindaH27 said:

    Sorry you will be waiting longer! October 2015 173 applicants haven’t got their visa yet !! 

    So they’ve been waiting 3.5 years so far and there’s a massive queue. Over 44000 by end June 2017

    You will be told on your visa grant letter the date by which you must enter Australia to validate it - possibly the twelve month date after you had your police clearance. 

    I was thinking along the lines of getting in touch with another 6/7 months on top to receive the visa 

  9. Although I am not yet a year in the waiting room ,reading some of the previous posts there is going to be a lot of uncertainty, worry , heartache , expectation , delay s and a lot of patience required . 

    We have 3 Aussie grandkids of which two I haven’t met yet ( although this will change soon ).

    I guess the golden rule is switch off as best as possible , sit back and allow what happens , when it happens to take its own course as we cannot change nor affect the outcome. 

    Lets hope for some positive news in the end of September update . 

     

    Wheres the Jack Daniels ?

     

    good luck all ? 

     

     

     

     

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