Warnbro

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Warnbro last won the day on August 28

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About Warnbro

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  1. UK bank account trouble :(

    Because our bank accounts are for UK residents and our account address is not where we live.
  2. UK bank account trouble :(

    We still have a couple of UK bank accounts. Before we left, we changed our account address to my mother in laws address. We also set up outlook email accounts (not linked to a particular broadband provider so totally portable). When family members want to give the kids money for Christmas and birthdays, they simply deposit some money in the UK bank account and we give the kids dollars to the same value (saves on currency exchange costs etc.). When we visit the UK, we use our UK bank cards. Not strictly in keeping with the T&C's of our UK accounts, but it works for us.
  3. Emigrating next year with 15 yr old

    This is a common fear amongst new migrants. Their kids being put back a year and sitting with toddlers. Reality is that although the school year start and end dates are different, your kids will will be in a class of their peers same as they are in the UK. I am friends with people who came over three years ago with a fifteen year old. She found the whole thing very weird to start with, couldn't understand what the other kids were on about, sulked and wanted to go back home on the next plane. Within six months, wild horses wouldn't get her on plane back to the UK.
  4. The agencies did very well during the resources construction boom. I was employed on an EPCM job in Asia and I was paid via an agency. They were not involved in any part of the recruitment process (I was approached directly by the client). All they did was handle my timesheets, invoice the client and pay me my wages. They wanted 60% of the invoice price as their cut. I was doing 12 hours a day in a foreign country, they were shuffling a couple of bits of paper and wanted 60%. I told them to stuff it and threatened to change to another of the clients approved agencies. In the end, they took 20% which was still way too much for what they were actually doing. During the construction boom, these parasites (agencies) were all over you like a rash. Couldn't do enough for you. Once things started to quieten down, they lost interest. You say that July 2014 was before the recession began to bite? Technically yes, but the writing was on the wall a good year or so before that. All the big construction projects had one thing in common. They were all going to be completed and all at around roughly the same time. All of our Gorgon packages had to be on site by early 2014 as did our only Wheatstone platform package. We started getting process and mechanical engineers knocking on our door from around mid 2013. Most had brilliant CV's, had good site experience on some of WA's biggest projects. These guys would have been head hunted only a few years before but were now pacing the streets looking for work. Sooner or later, things will pick up again and those who are already here will reap the rewards. Those who turn up soon after will also do well. Those who arrive a bit late to the party will find themselves in your situation.
  5. Whats new in Perth?

    Elizabeth Quay, the new stadium at Burswood.
  6. Weather in Oct & favourite airline?

    In October you can get the odd weather front still coming in. On the whole though, it is a pretty decent month. The only thing about late October though is the chance of early flies. Generally, flies peak in November and December but late October can also see a lot of flies (depends on the weather leading up to that point though). I always fly with the cheapest airline on the day as there's not much to choose between them. The downside of a middle eastern airline is the 12 hour last leg on the way out. Try to time your flight to get into Perth in the early afternoon. By the time you get to wherever it is you are staying, had some food and a bit of a catch up, you will be ready for bed at a normal bedtime. Arrive too early and you will be tempted to take a nap and that will see you totally out of whack for the rest of your stay,
  7. The current value of the AUD/GBP is the sum of all of the currency markets participants’ beliefs in what the AUD/GBP will do in the future. Put simply, if currency traders think the Pound will rise next week, they will buy the Pound today. They won’t wait until it has risen. What they think will happen next week, will make it happen today. A good example is interest rate policy. If the Bank of England hints at a possible rate rise in a months time, the Pound will strengthen within seconds of the hint. For someone without very detailed knowledge of global economics, central bank policy, geo political tensions, commodities prices and a myriad of other factors, trying to predict the future of a currency pair is nothing more than a lucky dip. Brexit is already pretty much priced into the value of the Pound. The Pound nosedived after the leave vote and movement since then has been dictated by the likely hood (or not) of whether the transition will be smooth or rough. The strength of the Aussie Dollar is closely related to its commodities export market. Unless you can get to grips with the intricacies of both of these, you won’t have a chance of predicting future movements. In short, you wouldn’t put all of your money on a horse you know nothing about, so don’t bet all of your money on a currency market movement. You could move some money now (say 25%) and do the same each year until you move. This would even out any big swings in the currency pair (you won’t win big if the Pound strengthens by 50% but you won’t lose as much if it drops 50% either). How you go about this is best left to a currency dealer (how you transfer the money, how you store it in Australia, any tax implications).
  8. What you are looking at doing is hedging against a fall in value of GBP against the AUD. Buying AUD now is one option, but there are many other things you could consider. You could buy Australian Shares or Bonds. You could hedge in another currency such as the USD. If it were me, I would spread the risk by using a mix of strategies rather than placing all of my eggs in the same basket. It is not a given that the Pound will fall further due to Brexit. It is just as likely to rise in value. The current value of the Pound is reflective of the currency markets belief in what will happen in the future. Seek a couple of professional opinions though. Good luck.
  9. Odd things I've noticed since moving!

    The one that always gets me is "marone" for the colour maroon. I was faction head (team captain) of the "marone" team in primary school. I always used to refer to it as maroon faction and the Aussie kids would always correct me and say "marone". Purple faction was called Purple, Orange faction was called Orange. But for some strange reason, Maroon faction was "Marone"?? But the band Maroon Five is not referred to here as Marone Five and people stranded on desert islands are marooned and not maroned? I have never got it, I never will.
  10. APPLY NOW IF ELIGIBLE!!!!

    We qualified on 3 years but we arrived before before 2007 when the requirement was upped. I think you will find that although the act hasn't been passed yet, it will apply to all applications made on or after 20th April this year.
  11. APPLY NOW IF ELIGIBLE!!!!

    No, it was 3 years with one year of PR. Total residency had to be 3 years or more.
  12. I would leave your UK fund where it is. As it stands, you can cash in your UK pension from aged 55 and before retiring. You can't access your Aussie super until you are 57 and you must be retired. Keeping the UK fund going will give you the option to grab some cash if anything comes up before you retire. I cashed up one small UK pension last year and transferred the money to a UK bank account. We used it to pay for a holiday in the UK at Christmas. Also, it's always worth keeping a UK bank account open. We did. We use my dads address.
  13. APPLY NOW IF ELIGIBLE!!!!

    From the website " The changes apply to citizenship applications lodged on and after 20 April 2017. The changes do not apply to applications made before 20 April 2017." http://www.border.gov.au/Trav/Citi/am-i-eligible I'm pretty sure that it was three years residency before the changes anyway, so you wouldn't have been eligible this September regardless.
  14. The first few months can be pretty tough. Many employers will opt for a local if they have the choice simply because migrants have a reputation for going home once the novelty has worn off. You will be taken more seriously with each passing week. The jobs market is pretty bad out there at the moment. That said, there has been a big drop off in the number of new arrivals so competition has been somewhat reduced. Also, most of the unemployed I come across are mainly unskilled or low skilled people. Many of the highly skilled workers who were dragged in by the mining boom have gone over east where finding work is much easier. I have no idea what the IT market is like. We outsource to an eastern states provider. My next door neighbour is an analyst programmer with one of the big banks and I know they were struggling to find decent people a few years ago. It wouldn’t hurt to send off a few emails to some of the local labour hire firms (agencies).
  15. Can you help any advice?

    The short answer is no. You won't have to pay any tax. But. Do make sure that you keep evidence of the fact that this was your residence and that the money you transfer is from the proceeds of the house sale (more for money laundering purposes rather than taxation). There is one circumstance where tax will be payable, and that is if there has been a change in the Pound to Dollar exchange rate between when you arrived in Australia and when you transfer the money. If the difference is in your favour, it will be classed as a foreign currency trade for profit and you will be expected to declare it on your tax return (tax will only be payable on the difference and not the whole sum). That said, I know lots of people who transferred money after they arrived and none of them declared anything on their tax returns.