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… Read more
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 Home… Read more
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…
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… 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… Read more
Relocating to Australia is expensive and no end of people will tell you that the cost of living down under is high. All this talk of money and budgeting means that you need to find the right bank and products to manage your finances during and after your move to Australia.
When planning our relocation to Australia we discussed opening an Australian bank account whilst we were in the UK, with a… Read more
Now we’ve decided to buy a property in Australia we’re starting to care about things that didn’t interest us before such as the GBP to AUD exchange rate and how to move funds from the UK to Australia.
If we sell our property in the UK in order to purchase a home in Sydney we will need to transfer a lump sum from the UK to Aus. These days you wouldn’t go to your High Street… Read more
Mum regularly contributes to expat and relocation forums. Questions regarding the cost of living and monthly expenses in Australia are extremely common. We regularly read discussions regarding the minimum salary required to live in Australia’s most popular cities; in particular Sydney, Melbourne, Brisbane and Perth.
At Mum’s gone 2 Aus we have already published a number of articles relating to the cost of living in Australia and… Read more
On 11th December 2011 we published an article about the Australian Treasury’s Fringe Benefits Tax (FBT) reform and changes to the Living Away from Home Allowance (LAFHA) for overseas temporary residents to Australia. In the article we explain that… Read more
One of the most useful summaries we refer to regarding income tax in Australia is this page on the Australian Taxation Office’s website: Income tax rates for individuals.
Once you know the salary you will be earning, or that you are aiming to earn in Australia, you can use these figures to understand what your annual and monthly take home pay will be.
The page we’ve linked to clearly provides the figures for Australian… Read more
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