Saturday 27 September 2008

Death and Taxes...

Well, just taxes mostly.

The current issue I'm dealing with is trying to find out what to do with my pensions and investments. I've had a pension since I was 20 (I'm 44 now) and Australia has a thing they call Overseas Investments Tax, which means that any income I get from overseas investments will be taxed by the Australian government. I've been to see one financial advisor about it and have an appointment to see another in a week or so and then I'll have to decide whether to transfer my pensions and investments to Australia or leave them here. It all depends on how much growth they are likely to make weighed up (which you are taxed on) against how much they will actually pay out. It's something that the advisors will work out and then recommend a course of action.

I've also got to get in touch with the companies that run my life and critical illness insurances to see if I am still covered when I am in Australia. I suspect not, but I'm keeping my fingers crossed.

Monday 22 September 2008

The Story So Far...

Back in 2001 an Australian girl came to work at my office. We got on very well and, by the end of the year we were seeing each other on a regular basis. Her original plan was to stay in the UK for a year and then return home to Australia.

However, she decided to stay in the UK and in 2005 we got married in Culzean Castle, in Scotland.

We decided that as she had been here for a while that I should give Australia a try so we began our preparations to begin our move to Australia.

We decided to sell our house and buy another one that we could rent out while we were in Australia. The process of selling and buying took a lot longer than we anticipated but eventually I was ready to apply for my visa.

I applied in February this year and I was granted a permanent Spouse Visa in July. Our plan is to emigrate in February 2009.

The firm that I work for has an office in Sydney and I have applied for a transfer there. I have been told that it is pretty much a formality and I am just waiting for the paperwork to arrive to confirm it. So, that is one rather large weight off of my mind and one less thing to have to worry about.

All we need to worry about now is finding a property (and that doesn't sound too easy either) and day to day living...