Browsing Posts in Money & Tax


All covered

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

Anyone listening?

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