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Search: Posts Made By: Andrew Williams
Showing results 1 to 25 of 39
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Forum: Australia
Nov 28th 2017, 12:21 am
Replies: 7
Views: 1,616
Posted By Andrew Williams

Re: >55 UK pension payments timeline

Hi


If you are a permanent Australia resident/ Citizen then as rammygirl points out there will be an ATO assessment also.


Typically if transferring a pension to Australia (via the QROPS...
Forum: Australia
Aug 1st 2013, 2:30 am
Replies: 10
Views: 2,000
Posted By Andrew Williams

Re: Tax implications of moving UK pension to Australia

Hi

Tax is based on what is classed as Applicable Fund Earnings (AFE), AFE is calculated by the growth of the fund generally from becoming resident in Australia until the monies arrive in...
Forum: Australia
Jun 5th 2012, 10:40 am
Replies: 5
Views: 1,137
Posted By Andrew Williams

Re: + / - Starting TTR Pension

Paul you have pretty much covered things, it is mainly all about the tax savings.

In actual fact a Pension can be utilised when someone reaches their preservation age (currently age 55)...
Forum: Australia
May 10th 2012, 5:00 am
Replies: 12
Views: 2,031
Posted By Andrew Williams

Re: Pension tax visa expired woes

Yep, I've read through the document numerous times and feel quite sure that it is just the reporting period that has been extended but just to air on the side of caution we would like it in writing...
Forum: Australia
May 10th 2012, 3:16 am
Replies: 12
Views: 2,031
Posted By Andrew Williams

Re: Pension tax visa expired woes

No problem.

Yes five complete tax years of non-tax residency was the requirement so you have cleared that!!

You are also right in that the reporting period has changed to 10 years as of 6 April...
Forum: Australia
May 10th 2012, 2:41 am
Replies: 12
Views: 2,031
Posted By Andrew Williams

Re: Pension tax visa expired woes

Hi Hatman

You have researched this correctly in terms of the different taxable components in relation to the ATO and are right that foreign super transfers (inc UK Pensions) generally are...
Forum: Australia
Jan 19th 2012, 10:54 pm
Replies: 47
Views: 7,392
Posted By Andrew Williams

Re: UK Pension

So just to add my comments to this.

All of the UK Pension Transfers companies (including the majors & Banks) and Advisors I am aware of calculate using the pound to pound method and conversion at...
Forum: Australia
Nov 19th 2011, 6:10 am
Replies: 4
Views: 967
Posted By Andrew Williams

Re: Cash in Pension

Hi

If it's a personal pension then not under current UK legislation there isn't unless you have reached the schemes retirement age and then it could be possible under the rules of triviality.
...
Forum: Australia
Aug 24th 2011, 7:00 am
Replies: 6
Views: 1,020
Posted By Andrew Williams

Re: Transferring UK pension to Super Fund

You would indeed likely fall foul of the UK rulings.

If you access UK pension monies within 5 years of being a UK tax resident and that access does not fall in line with the UK regulations i.e...
Forum: Australia
Jul 8th 2011, 1:50 pm
Replies: 5
Views: 1,630
Posted By Andrew Williams

Re: On 475 and Non-Resident for Tax Porposes?

This is quite a common issue, residency for visa purposes differs from residency for tax purposes, you can be a temporary visa holder but a tax resident.

Use this quick and simple ATO tool to...
Forum: Australia
Jul 7th 2011, 11:36 am
Replies: 53
Views: 5,914
Posted By Andrew Williams

Re: Lenders Mortgage Insurance?

Hi

Do you have superannuation?

I am obviously not fully aware of your situation but this could be worth looking at...
Forum: Australia
Jun 9th 2011, 11:42 am
Replies: 3
Views: 1,106
Posted By Andrew Williams

Re: QROPs requirements for SMSF

This should answer your question:

Q. If a transfer was originally received by a QROPS and then subsequently transferred to a non-QROPS, what are the taxation implications ? Does the period that...
Forum: Australia
Mar 18th 2011, 2:41 am
Replies: 1
Views: 740
Posted By Andrew Williams

Changes to UK Pensions system

There have been some fairly big changes announced to the UK pensions system of late which affects both Market Linked pensions and Final Salary pensions.


Firstly Final Salary Schemes

Last year...
Forum: Australia
Mar 6th 2011, 9:44 am
Replies: 6
Views: 5,068
Posted By Andrew Williams

Re: Claiming back your super fund

Correct.




Correct
Forum: Australia
Mar 4th 2011, 6:32 am
Replies: 6
Views: 960
Posted By Andrew Williams

Re: Buying a House In Adelaide - INFO

At the time your Adviser was probably right, a lot of Banks reduced their Loan to Vale (LVR) ratios due to the GFC.

However you should speak to him again as most lenders have now increased their...
Forum: Australia
Feb 16th 2011, 4:21 am
Replies: 12
Views: 1,589
Posted By Andrew Williams

Re: investments

Hey Peter

Do you mind me asking how close to retirement you are?

There are other strategies available for people pretty close to retirement that do not rely on investment returns to boost their...
Forum: Australia
Jan 25th 2011, 1:11 am
Replies: 11
Views: 1,405
Posted By Andrew Williams

Re: Pension advice needed

There are many advantages over the UK system.

Potentially the biggest is that over the age of 60 income streams from Super/Pension accounts are tax free.

Of course that may not benefit some on...
Forum: Australia
Jan 24th 2011, 1:35 am
Replies: 11
Views: 1,405
Posted By Andrew Williams

Re: Pension advice needed

It is certainly worth considering transferring the whole fund to Australia as a Pension fund transfer as there can be some great advantages to having your retirement pot here!

However as mentioned...
Forum: Australia
Jan 18th 2011, 6:10 am
Replies: 21
Views: 6,386
Posted By Andrew Williams

Re: Mortgage Issues ! Anyone help please??

It's a bit of a strange situation this one.

Generally permanent residents/citizens can borrow up to the maximum LVR's offered by Banks (subject to of course deposits etc) and temporary residents...
Forum: Australia
Jan 11th 2011, 9:33 am
Replies: 19
Views: 2,493
Posted By Andrew Williams

Re: Obtaining mortgage without PR

It is possible for temporary residents to get a mortgage but as mentioned generally the Banks/lenders require a minimum of a 20% deposit.

Most Banks/lenders will lend to temporary residents and...
Forum: Australia
Jan 11th 2011, 9:21 am
Replies: 12
Views: 1,389
Posted By Andrew Williams

Re: OMG its actually here!

I can imagine that you'll be going through a rollercoaster of emotions, hang in there it will all be worth it.

Hope the flight goes well.

Andy
Forum: Australia
Aug 5th 2010, 11:51 pm
Replies: 19
Views: 4,784
Posted By Andrew Williams

Re: Life Insurance in Australia

Absolutely correct JAJ.

Therefore it is not just a case of whether the insurance company say it is ok, you should ask them to clarify if the question "do you have any intention to live or work...
Forum: Australia
Aug 5th 2010, 1:40 am
Replies: 19
Views: 4,784
Posted By Andrew Williams

Re: Life Insurance in Australia

Some life companies in the UK will void the policy if you are living/working outside of the UK/EU. It all depends on when the insurance was taken out. I would ask them to give you that in writing...
Forum: Australia
Jun 29th 2010, 11:23 am
Replies: 17
Views: 1,781
Posted By Andrew Williams

Re: Superannuation - migrant?

$450k is the maximum non concessional contribution (ncc) allowed in one go assuming no other non concessional contributions have been made in that financial year or the bring forward rule has not...
Forum: Australia
May 24th 2010, 9:28 am
Replies: 10
Views: 2,537
Posted By Andrew Williams

Re: QROPS

Yes if it is subsequently moved to a Super fund that does not have QROPS status within 5 full tax years of being a non UK tax resident there will be very hefty penalties involved.

In quite a lot...
Showing results 1 to 25 of 39
 
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