Category: Retirement
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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 restAustralian 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 restAustralian 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 restAge 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 restAustralian 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 restAustralian 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 restUK 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 rest25% 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 restTransfer 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 restAustralian 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 restBritish 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 restUK 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 restRetirement 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 restAustralian 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 restAustralian 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 restClaiming 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
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
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 restSalary 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 restCompulsory 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