British Armed Forces Pension and ATO
#1
Just Joined
Thread Starter
Joined: Aug 2018
Posts: 2
British Armed Forces Pension and ATO
Hi, Can anyone confirm that I have to pay tax on my British Armed Forces lump sum in Australia? Lots of conflicting information. Thanks
#2
Just Joined
Joined: Nov 2016
Posts: 5
Re: British Armed Forces Pension and ATO
As long as the money from your lump sum is transferred over within 6 months of arriving in Australia it's not taxed. Your monthly military pension will be taxed and you will need to declare it when you come to do your tax return.
#3
Just Joined
Thread Starter
Joined: Aug 2018
Posts: 2
Re: British Armed Forces Pension and ATO
Thanks for the reply, Essex. I have been here 29 years so I will be paying tax on my lump sum, I will just have to suck it up!
#4
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: British Armed Forces Pension and ATO
Best regards.