Its a good idea within your early months in Australia to look into transfering you UK Pensions I have copied in some information members may find helpfull. This is general information and should not be taken a personal advise. PM me if you need more info. Steve
Australian tax treatment of transferred benefits
The Australian tax treatment of the transfer will depend on
whether it occurs within six months of the member becoming an
Australian tax resident, or after this date.
For a permanent migrant, the date of becoming an Australian
tax resident is usually the date of arrival.
Benefits transferred within six months
Where the overseas super benefits are received within six months
of the member becoming an Australian tax resident, the entire
amount transferred is treated as a non-concessional contribution.
No tax will be applied in Australia, however the full amount will
count against the non-concessional cap of $150,000 ($450,000
if the bring-forward provision is available).
Benefits transferred outside six months
Where the transfer occurs outside the first six months of the
member becoming an Australian tax resident, the difference
between the value of the overseas benefit as at the date of
becoming an Australian tax resident and the final transfer amount
will become what is referred to as the growth component.
The member has three options for the treatment of this
Include the growth component in their personal assessableincome, which would be taxed at their marginal tax rate. Within
the super fund, the amount transferred would form part of the
tax-free component and be counted against the member’s
Elect for the growth component to be included in the assessable
income to the receiving fund, subject to tax at a maximum rate
of 15%. While the growth component is essentially treated as a
concessional contribution, the amount is not counted against
the member’s concessional contribution cap.
3Elect to transfer only part of the growth component to super
and include the rest in their personal assessable income (this is
a combination of the first two points).