Originally Posted by karim_mo (Post 10058089)

Hi,

At last we got the grant for 175 PR visa latest April :),however I'm worried about the taxes as I'll be coming from a tax free land (:rofl: GCC :thumbsup:) and so I have the following questions:

1- Will ATO claim taxes on my savings accounts in OZ or when I make transfers to OZ from outside? If you are PR you will pay tax on your interest income, no matter where the account is situated. There is no tax on trasnfers.


2- What are the differences between the bank accounts in OZ, specifically in Commonwealth bank, used to know 2 types only, ie savings and current. Pass, I think it is more normal to get a savings account though.

3- Is there any recommended plan for beginners that will maximize the value of the money without paying too much taxes?

When you move to Australia you will be liable for Australian taxes, there is no concession for "beginners".


4- Will 45K AUD be enough for a family of 3 including 2 years baby girl until we find a job? Note that wife has diabetics and I believe her medicines are costly (insulin)?

It seems like an OK amount, but depends where you are going, how quickly you will find work and how extravagant you are.

Ty,
Karim

Originally Posted by karim_mo (Post 10058089)

Hi,

At last we got the grant for 175 PR visa latest April :),however I'm worried about the taxes as I'll be coming from a tax free land (:rofl: GCC :thumbsup:) and so I have the following questions:

1- Will ATO claim taxes on my savings accounts in OZ or when I make transfers to OZ from outside?

2- What are the differences between the bank accounts in OZ, specifically in Commonwealth bank, used to know 2 types only, ie savings and current.

3- Is there any recommended plan for beginners that will maximize the value of the money without paying too much taxes?

4- Will 45K AUD be enough for a family of 3 including 2 years baby girl until we find a job? Note that wife has diabetics and I believe her medicines are costly (insulin)?

Ty,
Karim

Originally Posted by cubeonly (Post 10059341)

Right, apologies in advance but no job to come to? Don't do it, please please please don't do it. Get the job first, why not?

Originally Posted by karim_mo (Post 10059404)

From what I found in the forum it's difficult to have a job in OZ prior settling, however I will look for opportunities for sure

Originally Posted by cubeonly (Post 10059341)

Right, apologies in advance but no job to come to? Don't do it, please please please don't do it. Get the job first, why not?