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Nanna

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About Nanna

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  1. Nanna

    804 or 864

    That is a big worry. No one has a crystal ball and we could sell our house to be there and be sent back. What a dilemma !!
  2. Nanna

    804 or 864

    Thank you so much for that information and also for your advice. My husband has asked would it be possible to give us an indication of what your parents lifestyle and cost of living is like per year excluding their rent and which state are they in? I believe private medical is about 4 to $5,000 per annum per couple. Does that sound about right? Do you know if they are taxed in the UK and Australia on their pensions?
  3. Nanna

    Best place to retire to

    We did discover a lovely area called KINGSCLIFFE Casarina. No high rise, great river for kayaking and amazing beaches. It also had two good shopping malls nearby BUT the house prices were very high.
  4. Nanna

    Best place to retire to

    Most of them are just below the Gold Coast.
  5. Nanna

    Best place to retire to

    I would love to hear suggestions of the areas to retire to which give the opportunity to be right by the sea, lots of greenery and with places to walk, cycle, with cafe culture, clubs, gym and up to an hour from an airport and with a community spirit. There are so many beautiful places to choose from and we would need to be NSW.
  6. Nanna

    Nanna

    It seems the more inquisitive I am the more complicated it gets! But many thanks to everyone for their posts.
  7. Nanna

    Nanna

    the tax situation is one that I hope Alan Collett can answer for us all.
  8. Nanna

    Nanna

    No. As a UK resident only so taxed under UK laws. I imagine if we were permanent residents in Australia we would choose only be taxed there and their rules and thresholds are different.
  9. Nanna

    Nanna

    Sunshine Coast. Very nice but slightly more humid than the Gold Coast. We intend heading to the Gold Coast or below. Any suggestions welcome. We love living on or very very near to the coastline. We walk, gym, cycle, kayak, love cafe culture, love nature and WARMTH. We live here in a beautiful quaint coastline village but our kids are there and we do not relish the idea of English Winters any more!!
  10. Nanna

    804 or 864

    We are just wanting to find out what we would or wouldn't be entitled to to seriously consider this mammoth decision. It would be awful if we regretted the move for financial reasons. We have just heard of a friends doctor in Perth who recently died from cancer as even he couldnt pay for the very expensive but necessary medication.
  11. Nanna

    Nanna

    We've just arrived at that pension situation. On private pensions you can release 25% tax free. Over and above that % is taxed according to your annual income. First £12500 on annual income is tax free. Anything over that is 20% up to about £38k. Above that it's taxed at 40%. State pension now is £657 per month for a single person if you've recently retired. This sum IS taken into account for your annual taxable income. So if you received say £8k state pension and £6k personal pension per annum then £1500 of that is taxed. Any interest up to £1k earned on savings is tax free. The rest is added to your annual income for taxation purposes so is eitherctaxed at 20 or 40% depending on ALL income. Hope that helps.
  12. Nanna

    804 or 864

    We've only contacted two agents. One in Australia and one in the UK and I do understand that Visa Agents deal with visas primarily but hoped experience with clients would have increased their knowledge over the years. Maybe these blogs will help them. On the financial front I suppose the devil in me would argue that we could always downsize or release equity in the home to assist finances, if it was necessary. It's very interesting to hear other's perspective tho and I thank you all for engaging with me.
  13. Nanna

    Nanna

    That's a slight worry - but then the increases aren't normally huge although every little helps doesn't it. I think a bigger concern is that even when the permanent residency is granted any medication needed has to be paid for whereas in the UK it is forever free and no one has a crystal ball to know what's in front of us.
  14. Nanna

    804 or 864

    No. I was just saying that some Visa Agents don't seem to know about temporary residents liabilities (e.g. additional stamp duties) nor Medicare issues - hence my continuing research. Too big a decision to make the move without all knowledge.
  15. Nanna

    Nanna

    Thank you so much. We are feeling more positive about finances now.
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