pensions
Feb 1st 2009, 2:39 pm
#1
BE Enthusiast
Thread Starter
Joined: Jun 2007
Location: Northern Ireland (norn iron)
Posts: 310
pensions
I already pay UK tax on a monthly pension. If I moved to Oz, would I be taxed again? Thanks in advance
Feb 1st 2009, 3:45 pm
#2
Forum Regular
Joined: Feb 2007
Location: North suburbs Brisbane
Posts: 41
Re: pensions
Croc,
I too will be receiving a pension when i move out there in 2011. I beleive the commonwealth has an agreement not to tax you further as the pension is taxed at source. More money for Gordon Brown and his troop of clowns.
regards
Yakka
Feb 1st 2009, 9:19 pm
#3
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: pensions
Depends on your Australian visa.
If a permanent visa the pension income will be wholly taxable in Australia, and a NT (No Tax) PAYE Coding should be applied to the UK pension after you have moved to Australia and completed the relevant HM Revenue forms (FD2 and P85).
Best regards.
If a permanent visa the pension income will be wholly taxable in Australia, and a NT (No Tax) PAYE Coding should be applied to the UK pension after you have moved to Australia and completed the relevant HM Revenue forms (FD2 and P85).
Best regards.
Feb 5th 2009, 10:09 pm
#4
Forum Regular
Joined: Aug 2008
Location: Illawarra
Posts: 266
Re: pensions
I don't have a UK pension and I've been told by two UK IFAs that I can't set one up from Oz because....we are ineligible (presumably because we don't pay UK tax) and they can only transact business in the UK.
Has anyone else started up a UK pension from Oz or taken an alternative route to saving towards a pension?
Has anyone else started up a UK pension from Oz or taken an alternative route to saving towards a pension?
