Income tax on 457 visa?
Apr 17th 2008, 1:01 pm
#31
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Re: Income tax on 457 visa?
Possibly although I can't see why they would pay for some employees and not for us. Anyway as it happens we have PR and that was more important to us than any money we could have claimed. The company can still pull the rug from under 457 holders and they would have to leave, no amount of money could compensate us for that.
But you was badly advised....it has turned out ok for you but please do not advise others based upon your poor service given to you.
Apr 17th 2008, 1:26 pm
#32
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Re: Income tax on 457 visa?
I don't think I am advising badly. you find me the paragraph on the ATO website that states that as a 457 holder that you qualify for LAFHA and I will hold my hands up. It isn't there. My husbands company is a global leader in the resource industry, I would say their tax advisors are pretty bob on.
Last edited by northernbird; Apr 17th 2008 at 1:28 pm.
Apr 17th 2008, 1:32 pm
#33
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Re: Income tax on 457 visa?
Without examining individual circumstances in detail it is very difficult to advise anyone as to whether LAFHA is payable, and I think any poster would be wise to beware of saying that another was given wrong advice.
In the case of someone who is not maintaining a home elsewhere and is intending to apply for PR, it could well be that the employers would not be willing to support a LAFHA payment.
In the case of someone who is not maintaining a home elsewhere and is intending to apply for PR, it could well be that the employers would not be willing to support a LAFHA payment.
Apr 17th 2008, 1:48 pm
#34
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Re: Income tax on 457 visa?
You have to find another sponsor and PDQ, dead easy that isn't it I don't think I am advising badly. you find me the paragraph on the ATO website that states that as a 457 holder that you qualify for LAFHA and I will hold my hands up. It isn't there. My husbands company is a global leader in the resource industry, I would say their tax advisors are pretty bob on.
I don't think I am advising badly. you find me the paragraph on the ATO website that states that as a 457 holder that you qualify for LAFHA and I will hold my hands up. It isn't there. My husbands company is a global leader in the resource industry, I would say their tax advisors are pretty bob on.
Apr 17th 2008, 1:52 pm
#35
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Re: Income tax on 457 visa?
Without examining individual circumstances in detail it is very difficult to advise anyone as to whether LAFHA is payable, and I think any poster would be wise to beware of saying that another was given wrong advice.
In the case of someone who is not maintaining a home elsewhere and is intending to apply for PR, it could well be that the employers would not be willing to support a LAFHA payment.
In the case of someone who is not maintaining a home elsewhere and is intending to apply for PR, it could well be that the employers would not be willing to support a LAFHA payment.
Apr 17th 2008, 2:30 pm
#36
Gutter Gob!!
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Re: Income tax on 457 visa?
To the OP. If your company are willing to offer it, great. If you don't ask you don't get. However despite what Mr Paddo says it is not a foregone conclusion that you are entitled to LAFHA.
Apr 17th 2008, 2:58 pm
#37
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Re: Income tax on 457 visa?
No, maintaining a home elsewhere or not has no bearing on LAFHA whatsoever, however, intent to apply for PR is not the same as APPLYING for PR. I may INTEND to apply for PR but until I pursue that avenue I am still eligible for LAFHA. Christ, why does everyone make things difficult here when all people want is a simple answer!
Maintaining a home elsewhere, as I said, COULD be an issue when deciding on LAFHA. I would seriously advise that anyone looking at claiming it gets independent financial advice from someone familiar with the Aussie tax system; it can be a very complex issue, both for migrans and for Aussies themselves.
Apr 17th 2008, 3:08 pm
#38
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Re: Income tax on 457 visa?
Because it is an ATO issue, and it isn't simple, numerous threads over the years have shown this.
Maintaining a home elsewhere, as I said, COULD be an issue when deciding on LAFHA. I would seriously advise that anyone looking at claiming it gets independent financial advice from someone familiar with the Aussie tax system; it can be a very complex issue, both for migrans and for Aussies themselves.
Maintaining a home elsewhere, as I said, COULD be an issue when deciding on LAFHA. I would seriously advise that anyone looking at claiming it gets independent financial advice from someone familiar with the Aussie tax system; it can be a very complex issue, both for migrans and for Aussies themselves.
Didn't intend to start a world war 3
Apr 17th 2008, 9:10 pm
#39
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Apr 17th 2008, 10:58 pm
#40
Gutter Gob!!
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Re: Income tax on 457 visa?
Don't be a daftie. Like I said, if you don't ask you don't get but don't factor it in, make sure you can afford to come without it because if you want to stay here and get PR you will have to lose it anyway.
Good luck
Good luck
Apr 18th 2008, 3:15 am
#41
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Re: Income tax on 457 visa?
lol.....not WW3 at all!! I think the fact we all have our opinions is a good thing. I spent all last night trying to find one cogent explanation of LAFHA for you and could I find it, could I bugger as like!!
One thing I omitted to mention is that your 457 will have a minimum salary capped to it, which, if you receive LAFHA can be affected.
I am right though.............!!!
One thing I omitted to mention is that your 457 will have a minimum salary capped to it, which, if you receive LAFHA can be affected.
I am right though.............!!!
Apr 18th 2008, 3:21 am
#42
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Posts: 3,625
Re: Income tax on 457 visa?
Because it is an ATO issue, and it isn't simple, numerous threads over the years have shown this.
Maintaining a home elsewhere, as I said, COULD be an issue when deciding on LAFHA. I would seriously advise that anyone looking at claiming it gets independent financial advice from someone familiar with the Aussie tax system; it can be a very complex issue, both for migrans and for Aussies themselves.
Maintaining a home elsewhere, as I said, COULD be an issue when deciding on LAFHA. I would seriously advise that anyone looking at claiming it gets independent financial advice from someone familiar with the Aussie tax system; it can be a very complex issue, both for migrans and for Aussies themselves.
Also totally agree with getting advice from an ATO registered consultant if the company you are going to is not on the ball. Mine is so that helped. I ALWAYS question anyone who says "no, you can't" as more often than not its their lack of knowledge of the subject rather than their expertise that is guiding the answer! My Mobility Coordinator here said I wasn't entitled to a Relocation Agent, I knew I was, so not only questioned her understanding of the process but her committment to supporting me....funny old thing, next day she emailed me saying yes I was eligible but she was unaware of that. It wasn't entirely her fault as that was not part of her normal work stream handed over to her but the previous incumbent soon rectified that. So ask ask ask until you get a truly definitive answer that is written down in black and white.
Apr 18th 2008, 3:23 am
#43
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Re: Income tax on 457 visa?
On the isssue of whether or not your are actually required to retain some other residence to get LAFHA - YOU ARE NOT!
I was under the misguided impression for years (when receiving LAFHA) that I may not actually be entitled due to NOT having a UK residence.
However, the ATO DOES NOT REQUIRE another residence to be maintained
Never assume professional tax advisers or HR departments (or immigration agents for that matter) actually KNOW the law.
Also, never rely on the ATO website to find what you are after
I was under the misguided impression for years (when receiving LAFHA) that I may not actually be entitled due to NOT having a UK residence.
However, the ATO DOES NOT REQUIRE another residence to be maintained
Never assume professional tax advisers or HR departments (or immigration agents for that matter) actually KNOW the law.
Also, never rely on the ATO website to find what you are after
Apr 18th 2008, 8:16 am
#44
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Apr 18th 2008, 8:22 am
#45
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Re: Income tax on 457 visa?
On the isssue of whether or not your are actually required to retain some other residence to get LAFHA - YOU ARE NOT!
I was under the misguided impression for years (when receiving LAFHA) that I may not actually be entitled due to NOT having a UK residence.
However, the ATO DOES NOT REQUIRE another residence to be maintained
Never assume professional tax advisers or HR departments (or immigration agents for that matter) actually KNOW the law.
Also, never rely on the ATO website to find what you are after
I was under the misguided impression for years (when receiving LAFHA) that I may not actually be entitled due to NOT having a UK residence.
However, the ATO DOES NOT REQUIRE another residence to be maintained
Never assume professional tax advisers or HR departments (or immigration agents for that matter) actually KNOW the law.
Also, never rely on the ATO website to find what you are after
You don't have to keep a home in the UK (which is good cos we have sold already....just waiting to exchange!), BUT, does BUYING (opposed to renting) make a difference to LAFHA????