Originally Posted by spouse of scouse
Hi Hino, I'm pretty sure that you'd only be taxed in Australia on the interest earned from the lump sum (assuming you invested/saved it) - very much doubt that you'd have to pay tax on the actual lump sum.
I don't think that Centrelink need to be involved at all unless you received a lump sum (from any source) that caused you exceed your assets ceiling, or that generated an amount that caused you to exceed your income ceiling.
Just my thoughts though, do you know a tax accountant you can check with?
I was worried that I would have to get into a five cornered fight with Centrelink, ATO, UK DWP, UK Tax man and myself. But the more I think about it the less I am worried about Centrelink and UK DWP. They data share, so I don't need to communicate with either of them, that just leaves the two tax agencies to take care of.
I'm pretty sure that I'll be clear of UK taxes, so I'll take your advice and see my accountant about my Oz situation. I just needed time to think about it...and a little help