Reneging citizenship

Flying Fish · 4 September 2007

What happens if i decide to marry a girl overseas and live there?

Do I get my super?

If after becoming a citizen in that country I divorce can I return to Australia?

BlingBling · 4 September 2007

Flying Fish said:
What happens if i decide to marry a girl overseas and live there?

Do I get my super?

If after becoming a citizen in that country I divorce can I return to Australia?

I don't know about the super part but you don't need to re neg your citizenship to marry a girl OS and live in her country! Do you know what a hassle it would be to get your citizenship back? +7 years and a wad of cash.

My wife's Japanese, I live in Japan on a permanent resident visa, no worries and the CGT rules are pretty good for us non residents.

CanOz · 4 September 2007

Flying Fish said:
What happens if i decide to marry a girl overseas and live there?

Do I get my super?

If after becoming a citizen in that country I divorce can I return to Australia?

hmmm, in most countries, marriage gets you nadda, '0', zip. Marriage will not change your status until you apply to do so, whether it be residency or citizenship.

Your entitled to your super until you have migrated fully, upon which time your entitled to some, but not all i believe.

Cheers,

wayneL · 4 September 2007

BlingBling said:
I don't know about the super part but you don't need to re neg your citizenship to marry a girl OS and live in her country! Do you know what a hassle it would be to get your citizenship back? +7 years and a wad of cash.

My wife's Japanese, I live in Japan on a permanent resident visa, no worries and the CGT rules are pretty good for us non residents.

Sheesh! How many Aussies are over there Bling? It seems every second person on the forum lives there.

theasxgorilla · 4 September 2007

Marry a girl from a country which supports dual citizenship like Aust. Or get a permanent residency visa and don't bother with citizenship until you know the full story. You can't get your super if you are a citizen. Only people on certain types of temp-residency visas can take their super with them overseas. We citizens have got to leave it here...but when you look at what you can do with super in Aust, and the strength of the local share market, its arguably one of the better places on the planet to have it.

BlingBling · 4 September 2007

wayneL said:
Sheesh! How many Aussies are over there Bling? It seems every second person on the forum lives there.

Wayne, I don't know! I do know there'll be one less as of April next year!
I guess i'll find out how many aussies there really are here when I got out on saturday night to watch the RWC!

Flying Fish · 5 September 2007

BlingBling said:
I don't know about the super part but you don't need to re neg your citizenship to marry a girl OS and live in her country! Do you know what a hassle it would be to get your citizenship back? +7 years and a wad of cash.

My wife's Japanese, I live in Japan on a permanent resident visa, no worries and the CGT rules are pretty good for us non residents.

Great!! So you get discount CGT? What about tax, you still have to pay here?

BlingBling · 5 September 2007

Flying Fish said:
Great!! So you get discount CGT? What about tax, you still have to pay here?

We have to pay tax on CGT here, if you declare it.
Any income earned from OZ has no tax free threshold. $1 = 30% tax till the next level up.

Sometimes non residents miss out on bonus offers etc but generally the CGT benefits make up for it all. But I guess that would depend on what type of investing/trading you are doing.

Where are you thinking of heading?

Flying Fish · 31 October 2007

BlingBling said:
We have to pay tax on CGT here, if you declare it.
Any income earned from OZ has no tax free threshold. $1 = 30% tax till the next level up.

Sometimes non residents miss out on bonus offers etc but generally the CGT benefits make up for it all. But I guess that would depend on what type of investing/trading you are doing.

Where are you thinking of heading?

Somewhere with big maracas lol

shinobi346 · 1 November 2007

I believe you can only grab your super when exiting the country if you intent on never coming back into the country. I suppose that would mean changing your citizenship as well which kinda answers your other question.

The immigration dept would be the best to ask if you are serious about this. I wouldnt ever give up my australian citizenship if i'm moving overseas as its a ticket out of there if things go rough. Worth whatever I have in super.

theasxgorilla · 1 November 2007

shinobi346 said:
I believe you can only grab your super when exiting the country if you intent on never coming back into the country. I suppose that would mean changing your citizenship as well which kinda answers your other question.

You can't take super with you, no matter what, if you're a citizen.

shinobi346 · 1 November 2007

Isn't that what I said??

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Flying Fish · 1 November 2007

Ok so foreign workers in thsi country loose the compulsory super? Where does it go?

Reneging citizenship

Flying Fish

BlingBling

CanOz

Home runs feel good, but base hits pay bills!

wayneL

VIVA LA LIBERTAD, CARAJO!

theasxgorilla

Problem solved... next bubble.

BlingBling

Flying Fish

BlingBling

Flying Fish

shinobi346

theasxgorilla

Problem solved... next bubble.

shinobi346

Flying Fish

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Reneging citizenship

Home runs feel good, but base hits pay bills!

VIVA LA LIBERTAD, CARAJO!

Problem solved... next bubble.

Problem solved... next bubble.

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