Moving to/from NZ
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@Crucial said in Moving to/from NZ:
All of the banks are assholes. I can give you account details for somewhere to put all your money though. It will be safely looked after
Looks not too bad. We've been with Westpac, but they appear incompetent. Unable to execute simple written instructions (ie increase this loan limit by X --> transfer X from one account to another).
When our fixed mortgage is up we plan to shift to TSB or Cooperative (which is a bitmore left field)
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I personally had never had issues with ANZ and was with them for many years, but moved my mortgage to NZ Home Loans, who put mortgages through both Kiwibank and ASB, who I have been with both via NZHL for about 6 years now for everything bar credit card and both have been very good.
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Thoughts on our move to Aus 13 years ago.
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We moved our houshold stuff. The thought of seling for fuck all return and buying all new, aside from being an extreme hassle, was likely to be significantly more expensive.
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Moving company dId all the packing. Think it was Allied Pickfords. Looong time ago. Whoever it was was an international firm. They were good. We got 3 quotes IIRC.
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Regarding insurance. Doing an inventory for moving is when you realise you are desparately underestimating your normal contents insurance ...
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We had no great issue transferring money ANZ in Enzed to ANZ in Aus. Have a vague recollection that tge rates they charged were reasonable and the charges at either end weren't extortionate.
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What I found difficult was how similar everything was. I had to keep reminding myself I WAS in a different country. That kind of made things hard as I knew how things worked in NZ and kind of expected the same processes in Aus. Not a big deal at all but I did wonder if there were more significant differences if i would have reset expectations more. (I know what i mean ... ).
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@Crucial said in Moving to/from NZ:
All of the banks are assholes. I can give you account details for somewhere to put all your money though. It will be safely looked after
No worries. Just put your account details on here and i will transfer it all over. Might pay to include you name, date of birth, credit card numbers and any other info just incase its needed for the transfer. Haha.
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@booboo said in Moving to/from NZ:
Thoughts on our move to Aus 13 years ago.
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We moved our houshold stuff. The thought of seling for fuck all return and buying all new, aside from being an extreme hassle, was likely to be significantly more expensive.
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Moving company dId all the packing. Think it was Allied Pickfords. Looong time ago. Whoever it was was an international firm. They were good. We got 3 quotes IIRC.
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Regarding insurance. Doing an inventory for moving is when you realise you are desparately underestimating your normal contents insurance ...
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We had no great issue transferring money ANZ in Enzed to ANZ in Aus. Have a vague recollection that tge rates they charged were reasonable and the charges at either end weren't extortionate.
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What I found difficult was how similar everything was. I had to keep reminding myself I WAS in a different country. That kind of made things hard as I knew how things worked in NZ and kind of expected the same processes in Aus. Not a big deal at all but I did wonder if there were more significant differences if i would have reset expectations more. (I know what i mean ... ).
Yes since starting this thread i've been looking around at all our stuff and realising what a pain and expense it would be to replace it all. Most of it, while it is nice stuff, you would struggle to get $50 for.
I think i know what you mean in point 5.
I guess that can be a good and bad thing. We are looking forward to a change but don't want the change to be that big if you know what i mean.
The place we are now, Southern highlands, has been a bit of a stepping stone away from where i grew up, Northern beaches in Sydney.
While its not properly rural it is definitely a step down in pace from Sydney. We haven't missed some things as much as we thought and others we have missed WAY more, mainly the ocean. While its only an hour away from here it used to be a 2 min walk. With a 2 year old we are starting to see just how valueable something like a beach is for burning their energy nit to mention maintaining our mental health haha. -
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If you and your wife both have citizenship by descent, your daughter might be able to get citizenship without waiting as the Minister can waive any of the requirements, and the policy documents on the website suggest this is one of the more common scenarios. Check with their call centre or drop by an office at some point.
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@Godder said in Moving to/from NZ:
If you and your wife both have citizenship by descent, your daughter might be able to get citizenship without waiting as the Minister can waive any of the requirements, and the policy documents on the website suggest this is one of the more common scenarios. Check with their call centre or drop by an office at some point.
Very interesting, thanks for the tip.
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You may be a "transitional resident" for tax purposes if you have been a non-resident of New Zealand for 10 continuous years prior to becoming a resident again (or never were a resident). Note "resident" and "non-resident" are tax definitions not a standard legal definition or immigration status.
The benefit of being a "trannie" is that all of your passive income derived from a foreign source (e.g. Australia) is not taxed in NZ for 4 whole tax years after you return. The only foreign sourced income that is taxed in NZ in that period is income from employment or from supplying services.
Practically, you could leave some or all of your cash in the bank in Australia and tell your bank you are now a non-resident of Australia (after you move). The Aus bank would pay you interest from which it would deduct Australian non-resident withholding tax (probably at 10%) and you pocket the rest. Good for 4 years.
This obviously works a treat if you are fucking rich and own 10% of the shares in BHP for example. In your circumstances it may be a slight leg up for you.
Disclaimers, seek tax advice etc.
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@Tregaskis thanks for the advice. I had read about that tax scheme, if thats what you call it, and will be getting advice about whether that or claiming family tax breaks (if eligible) is best. As far as i know it is one or the other.
The fact that one of our businesses is a service business and the other is a product business complicates it a bit.
