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GBP-AUD FX rate for UK Pension to Australia

How Much is a UK Pension worth in Australia?

Most UK Aged pension recipients in Australia will get their UK pension paid direct into their Australian bank account, in Australian dollars. This page shows the GBP-AUD Exchange Rates History since… Read the rest

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Australian Aged Pension Rates 2020

Australian Aged Pension Rates March 2020.

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if they are an Australian resident, and have been for at least 10 years; and are at least 66… Read the rest

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Australian Aged Pension Rates 2019

Australian Aged Pension Rates September 2019

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the… Read the rest

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Australian Income Tax on UK Age Pension

Income Tax on a UK Age Pension received in Australia

When you retire in Australia, and also receive a UK pension, this pension will be included in your taxable income, and taxed at normal rates, based on the tax band… Read the rest

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Age Pension: Will a UK Pension affect my Australian Centrelink payment

Will a UK Pension affect my Australian Centrelink payment?

The short answer is maybe. Foreign pensions received by a person paid an autonomous age pension, are normally assessed under the ordinary income test – i.e. they reduce pension by 50… Read the rest

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Australian Aged Pension Rates 2017

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest

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UK Aged Pension: 60% Part Pension for Spouse

Can you get an extra 60% British Aged Pension for your Wife

In the Australian News today. 28th July 2017, is an article saying: “there’s a little-known opportunity to get a 60 per cent part pension for your spouse too… Read the rest

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25% Tax Penalty on Some QROPS Pension Transfers

HMRC Introduces 25% Tax Charge On Some QROPS Transfers

Written by Anthony Blythe of Transfer My UK Pension The Chancellor of the Exchequer used his Spring Budget to announce that, with effect from 9th March 2017, pension transfers by UK… Read the rest

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Transfer British Pension to Australia

Getting Your British Pension in Australia

When you migrate to Australia from the United Kingdom, you may have some pension funds in the UK, and consideration must be given to what to do with them at some stage. You may… Read the rest

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Australian Aged Pension Rates 2016

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest

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British Expat Pensioners in Australia returning to UK

Rise in British Expat Pensioners in Australia returning to UK

A news story about British Expat pensioners in Australia having to return home to the UK because they can’t afford health care is in a Telegraph news article. The article… Read the rest

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UK Chancellor cuts Pension benefits for Brits abroad

Anyone who is out of Britain for more than a month will lose their pension credit.

Anyone who leaves Britain for more than a month will lose their pension credit, in a blow for retirees who spent time overseas The… Read the rest

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Retirement Pension

Retirement Pension Income in Australia

The Australian Retirement pension consists of two possible parts: The Government Aged Pension Benefit, paid by Centrelink (the welfare system). The compulsory Employer Paid Super scheme. The British Retirement pension consists of two possible parts:… Read the rest

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Australian Superannuation Co-contribution scheme

Australian Superannuation Co-contribution scheme

The super co-contribution scheme is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a… Read the rest

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Australian Compulsory Superannuation Rates from 2014

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest

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Claiming Australian Superannuation back when leaving Australia

When leaving Australia for good, you may wish to claim as much of any Australian Super as you can. This can be reclaimed in some circumstances before you reach retirement age. australia.gov.au/service/superannuation-departing-australia If you are a former temporary resident, you… Read the rest

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Tax when Retiring in Australia

When a Brit retires in Australia, as a resident, and has a UK pension, either State or Private, this will be taxed in Australia. (The same as any other income). To ensure that this income is NOT taxed in BOTH… Read the rest

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Australian Aged Pension Rates 2014

Australian Aged Pension Rates 2014

The Australian Aged Pension was increased on 20th March 2014, and the new FORTNIGHTLY  rates are now: SINGLE PERSON $766.00 Base $ 62.90 Supplement $ 13.90 Clean Energy Supplement $842.80 Total This is an Increase… Read the rest

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Salary Sacrifice and Compulsory Super

Salary Sacrifice and Compulsory Super

Compulsory Super is the 9.5% (from July 2014) that an employer must pay you on top of your taxable wages. Salary Sacrifice can cover among other things, a contribution to your own Super. Add the… Read the rest

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Compulsory Superannuation Scheme in Australia

The minimum Superannuation contribution from your Employer is rising to 9.25% from July 2013. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set up. From 1 July 2013… Read the rest

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