During our initial months in Australia, Mum felt an overwhelming pressure to get private health insurance. As this isn’t an insurance we needed when living in the UK, the task of getting the right insurance for the family was daunting and, at the time, this was just one of many tasks and new services we needed to subscribe to. We’re sure any family moving abroad will relate to this.
The reason private health insurance is important in Australia … Read more
Do the maths: Life without LAFHA
Over recent weeks Mum has been thinking a lot about overseas temporary residents affected by the Australian Government’s Fringe Benefits Tax (FBT) reform.
For the uninitiated, the FBT reform proposed changes to the Living Away from Home Allowance (LAFHA) tax concession.
The LAFHA tax concession, often received by overseas temporary residents, is most commonly claimed against the cost of housing. Although it wasn’t intended as a perk for overseas temporary residents, it evolved … Read more
Get there quickly
For a while Mum has wanted to write about Kinsure, a type of travel insurance that covers emergency travel and accommodation if you urgently need to visit a family member in another country due to sickness or injury. I was going to call the article, “Kinsure, not sure” as I thought it had a good ring to it and I’m not sure whether I’d use this type of insurance.
Whilst I’ve been pondering the possibilities of writing … Read more
This is a quick update because the latest news has already been published on a number of excellent resources.
On 15th May the Treasury released a further exposure draft relating to the proposed Fringe Benefits Tax (FBT) and Living Away from Home Allowance (LAFHA) reform. Again, at a glance, it looked like it might be good news for overseas temporary residents as transitional arrangements were mentioned. However, upon closer examination it appears that not much is new since … Read more
Family budgets in the balance
To: The Hon Wayne Swann MP – Treasurer, The Hon David Bradbury MP – Assistant Treasurer
CC: The Hon. Joe Hockey MP – Shadow Treasurer, The Hon Barry O’Farrell – NSW Premier, The Hon. Adrian Piccoli MP – NSW Education Minister, Australian and UK media.
I am writing to urge you to give overseas temporary residents, in particular families living in NSW, a fair go regarding the Fringe Benefits Tax (FBT) \ Living Away from … Read more
Good news? Bad news? No news?
Over the past 24 hours there has been wide discussion and debate regarding a 2012 – 2013 Budget announcement and the Australian government’s proposed LAFHA reform. Mum hopes to set the record straight…
Update on LAFHA Reform
On Tuesday 8th May, in a joint media release with the Hon David Bradbury Assistant Treasurer and Minister Assisting for Deregulation, the Australian government announced further reforms to the Living Away from Home Allowance. One of … Read more
A few weeks ago we wrote about Opening a bank account in Australia – which bank and when to open an account. Mum explained that it’s easy to open an account from your country of origin and pick up your cards once we arrive in Aus. Of the “big four” banks in Australia we recommended the Commonwealth Bank Australia and can provide assistance in opening an account: read about our call back service here.
Whilst you’re … Read more