You will be greeted by staff from SBA Financial at Melbourne Airport and driven to your accommodation. All luggage will be transported to your accommodation.
A guided tour of Melbourne will be included.
Assistance with the following will also be provided:
- Application for an Australian Tax File Number
- Information on Medicare/Health Insurance
- Ambulance Subscription
- Insurance
- Opening Bank Accounts & Credit Card application
- Transfer of Drivers Licence
- Purchase of Motor Vehicle
- Introduction to Real Estate Agents in areas where you would like to live.
House Inclusions and Benefits
The house is located in Essendon, www.street-directory.com.au (Edward Street, Essendon 3040), 15 minutes from Melbourne Airport and 15 minutes to the City.
- Includes all kitchen utensils (Cutlery and crockery)
- All linen – bed linen and towels
- Fully furnished – beds, couches, kitchen & coffee table
- All white goods – washing machine, microwave and fridge
- TV including a DVD player
Close to:
- Private and Public Primary and Secondary School
- Public Transport
- Shopping Centres – 10 minute drive to Westfield, Highpoint and Direct Factory Outlet
- Westfield Shopping Centre Airport West - www.westfield.com/airportwest
- Highpoint Shopping Centre - www.highpoint.com.au
- Direct Factory Outlet Essendon - www.dfo.com.au (Essendon Airport)
Sites of Interest:
www.thatsmelbourne.com.au (An up to date website that contains all information about current events and attractions in Melbourne)
UK Pensions – To Australia
Major incentives and tax benefits available for those who have decided to emigrate to Australia permanently, and have private or Occupational Pension Schemes in the UK.
Pre-Retirement
Once the decision is made to move to Australia, you have six (6) month window of opportunity to transfer your Funds without tax (after six (6) months a 15% tax is imposed on the growth of your Fund from the date of residency).
The transferred amount will need to go into a fund set up to accept UK Pensions.
A Lump Sum is transferred into Australia. This Lump Sum is contributed as a Personal Contribution (also known as undeducted contribution). There is no tax on Personal Contributions to superannuation.
Your Super Fund investment will receive concessional tax treatment while in accumulation or Pre-retirement phase.
If you invest in Australian Shares, you can minimize your concessional tax investment.
Post Retirement
In retirement your Super Fund pays a Pension. A minimum or up to a maximum amount each year. This amount is based on how much your account balance is and the Pension Factors laid down by the Government.
Your investment Funds GROW TAX FREE IN RETIREMENT within the Superannuation Allocated Pension.
You receive a 15% rebate on any Income you receive from the Allocated Pension.
You receive a Tax Deduction on your Funds transferred divided by your life expectancy (also known as deductible amount).
You have access to your capital.
You may be eligible for Social Security Benefits.
By investment In Australian Shares pre and post retirement, the returns and tax benefits can be increased.
If you do not transfer your Fund to Australia but move here
The growth on any Private Pension will need to be declared in your Tax each year.
The income from your UK Pension will be taxed each year.
The income from your UK Pension will affect any change of receiving Social Security Benefits in Retirement. Income is fully assessed versus that of a strategy to minimize your Income by Transferring.
UK Pension Indexed therefore increases tax.
No access to Lump Sum – No access to capital if you need Funds.
If you receive other income and combined income, this could place you into a higher tax bracket.
Please note that not all UK Pensions Funds can be transferred.
SBA Financial will assist and help you in your Financial Planning.
SBA Financial will advise if your Funds can be transferred. Sometimes it is not advisable to transfer.
SBA Financial will advise only on the benefits of transferring your Funds.
The decision to transfer once the benefits are known will be left to the individual.
NOTE:
Forthcoming changes on the 6th April, 2006 could affect the above if your funds have not been transferred to Australia.
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