Emigration Australia Directory

australia pension advice Choosing your pension when emigrating to Australia Before emigrating to Australia you need to consider an Australian pension transfer. This means getting expert Australia pension advice from a company that knows how the pension system in Australia works, what the benefits and pitfalls of transferring a UK pension to Australia are and how to make that transfer. How do pension schemes in Australia work? In Australia employers must pay a proportion of an employee’s salary and wages into a superannuation scheme. This can then be accessed when the employee retires. Superannuation is paid to anyone who is employed full-time, part-time or casual. Superannuation is taxed at a concessional rate which means that the superannuation scheme can provide better benefits. There is also the opportunity to pay superannuation contributions into an independent or self-managed scheme and most companies allow their employees to choose the scheme where their employer contributions are paid. The amount of contributions an employer must pay is 9% of the employee’s salary. At retirement, the employee can then take the proceeds of the superannuation fund as a lump sum or as a pension. If you are going to be working when you emigrate to Australia it is likely that the company you work for will have a superannuation scheme and providing you fulfil the tax and residency rules you should be able to take advantage of a superannuation scheme.

australia financial advice You and your finances when emigrating to Australia If you and your family are hoping to emigrate to Australia, along with the things you have to do to obtain a visa and permits to enter the country, serious consideration must be given to your financial situation and how it may change once you get to Australia. There are things such as employment for you, your spouse and any children, any pensions you may have in the UK and whether an Australian pension transfer is the right thing for you. The only way to properly consider any effect on finances is to find reliable Australia financial advice. To help you ask the right questions and give you food for thought, here are some things you may need to consider. Work for you and your family In many cases, emigration to Australia can only proceed if you have work to go or if you are normally employed in a highly skilled occupation. Doctors and lawyers for example can often find work before going to live in Australia. Of course you may plan to open your own business in Australia. Another way of emigrating to Australia is to be sponsored by someone who is already resident there. This could be a member of your family, a friend or prospective employer. It is vital to your emigration process that you are going to be financially secure in Australia and not be a drain on the social security system once there. You need to ensure that you are going to be able to find work easily and within a reasonable amount of time. You need to be able to plan your finances to ensure you have a good living standard and can manage financially whilst looking for work.

australia pension advice UNDERSTANDING THE IMPLICATIONS OF AUSTRALIA PENSION TRANSFER PROCESSES An Australian pension transfer may not be as simple as you think and anyone considering migrating to Australia should seek professional advice. Australia and England operate under very different tax laws and systems and they have serious implications on all kinds of financial aspects including pensions, mortgages and taxes. The financial and tax rules in Australia are very different to the UK and it is vital that anyone thinking of moving to Australia learns about it or seeks professional help as they could find themselves in trouble and facing a hefty tax bill.