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    Thread: Pensions

    1. #1


      can anyone give advice with regards to pensions from UK. Basically i will have a forces pension from RAF, do i keep getting it paid into UK account and transfer when needed (exchange rates etc) or do i get it paid directly to an Aus account if i can? does anyone/ bank people know how does it work? will i pay tax in uk and aus? thanks for your help

    2. #2

      Senior Member
      Join Date
      Mar 2008
      Lancs UK, now Seacliff SA
      11 times
      Hi. I am still looking into how the tax works in Australia... but it would seem you are taxed on your worldwide income in Australia. I take it you are moving over there permanently? From a Uk perspective you will be allowed your personal allowance, due to increase to 6k, so if your pension is likely to exceed this amount, you will pay UK tax after this amount. My belief is that as worldwide income, the pensiion will be taxable in Australia and any tax paid in the UK will be offset against, under double taxation reliefs.
      Some one else may know from personal experience about the RAF pension. But normally it is a UK source and would paid in pounds and exchanged when transferred.
      Its frustrating not knowing all the auzzie tax rules, but there are many companies that give advise for a cost of course eg uk expats tel 0118 921 0110. i am not recommending these people as I have not used them.
      Keep us posted

      Carole and Andrew
      Agent appointed Sept 06, changed agent July 08, visa granted 7.3.08
      House not sold... decided to rent
      Left UK 15.10.08, Arrived Adelaide 26.10.08
      Now in Seacliff

    3. #3
      Lea is offline

      Senior Member
      Join Date
      Aug 2006
      Onkaparinga Hills
      61 times
      We get ours (OK hubby's) paid into our UK account and get it transferred over every month. We got a fixed rate off one of the funds transfer companies for 2 years.

      Lea :)


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