410 visa and FIF tax exemption on Pep's ans Isa's
May 24th 2005, 2:21 pm
#1
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Joined: May 2005
Posts: 12
410 visa and FIF tax exemption on Pep's ans Isa's
I have recently received a 410 retirement visa for OZ. As a temporary resident in Australia (4 years) does anyone know whether income from isa's and pep's will be tax exempt under the FIF rules by the ATO in Australia ? What about other sources of 'foreign income' ?
Grateful for any help to make a pensioners income stretch further.....
Grateful for any help to make a pensioners income stretch further.....
May 24th 2005, 6:47 pm
#2
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Joined: Aug 2003
Location: uk
Posts: 29
Re: 410 visa and FIF tax exemption on Pep's ans Isa's
Originally Posted by Karl2c
I have recently received a 410 retirement visa for OZ. As a temporary resident in Australia (4 years) does anyone know whether income from isa's and pep's will be tax exempt under the FIF rules by the ATO in Australia ? What about other sources of 'foreign income' ?
Grateful for any help to make a pensioners income stretch further.....
Grateful for any help to make a pensioners income stretch further.....
Is it worth the worry though?
May 24th 2005, 11:53 pm
#3
Retired
Joined: Apr 2004
Posts: 34,649
Re: 410 visa and FIF tax exemption on Pep's ans Isa's
Originally Posted by gdad
I'm at about the same stage as you with the 410 visa. Bad news Im afraid, you pay tax on any income generated anywhere in the world. If you don't bring it into Australia and save it off shore you may get away with it.
Is it worth the worry though?
Is it worth the worry though?
Try http://www.ato.gov.au
Best to get professional advice as this is a complex area.
Jeremy
