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 Working in Australia V2, All About working in Australia

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Garysydney
post Sep 25 2021, 10:03 AM

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QUOTE(limeuu @ Sep 25 2021, 08:51 AM)
Banking stuffs, leave it till in the country....

private sector, packages usually quoted with super added....only gov quote package without super, which is added on top...

good initial stepping stone into the country, but remember is a TSS visa....you still need to apply for a permanent visa at some point, so start working at the points...

Visa no problem...getting a quarantine spot will be....that's the bottleneck now...even high high priority medical specialists get bumped off flights multiple times when quarantine spots are filled up by returning Aussies....
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Federal govt jobs usually need Aust citizenship or a pledge to take up citizenship soon. State and local gov (including Universities and councils) usually do not require citizeship but some may require you to take the citizenship soon. Usually govt job quotes the base pay (without super). A lot of govt jobs give a higher super (employer) like when i was with Syd Uni, employer contribution was 17.5%. A lot of govt employers give a defined benefit scheme which allow you to either take a pension or a lump sum or a combination of both upon retirement (usually after about 30 years of service) - the pension is usually very generous and if you pass on, your spouse gets 2/3 of what you get until she dies. I was on a defined benefit scheme and retired after 30 years of service. Most workers will get at least A$1,250/wk (tax free) and indexed to cpi for the rest of their live - you can also contribute to another super to make use of the A$25k concessional tax if you have not used it up.
Garysydney
post Nov 18 2021, 05:28 PM

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QUOTE(hihihehe @ Nov 18 2021, 03:08 PM)
planning to transfer some funds from commback to maybank but the given rats is quite disappointing

i also heard about transferwise but how safe it is? planning to transfer <10k AUD
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Hope you are aware that after 1 Jan 2022, there may be a 3% tax on incoming remittance for Msian residents.

Don't know how the govt is going to implement this - may have to send before 1 Jan 2022 to avoid this tax. Really affect people who have money overseas and regularly send money back to Msia.

Real bummer!!
Garysydney
post Nov 18 2021, 07:57 PM

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QUOTE(hihihehe @ Nov 18 2021, 06:10 PM)
yes and this is the reason i am going to transfer back

but the date is confirmed?
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I think everyone is waiting for more details to come out.

I have already transferred more than rm1mil over the past 8 months (transferred with CBA to MBB with rates between 2.98 and 3.17). Can only do A$50k max each time and fees from CBA was A$22 each time via telegraphic transfer and Maybank deposits the money in my acct in less than 1 hour with tt. I was not intending to transfer more starting from 2022 but you never know when we might need more ringgit - maybe a very attractive investment opportunity might come by.

I have been following https://forum.lowyat.net/topic/3524728/+200

Really terrible news even though 3% may not be a huge sum. Any form of tax is repulsive and despicable!!

This post has been edited by Garysydney: Nov 18 2021, 07:58 PM
Garysydney
post Nov 18 2021, 09:09 PM

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QUOTE(hihihehe @ Nov 18 2021, 08:02 PM)
i have been transferring with CBA to MBB too from the past and would really like to leave some AUD funds there but this 3% tax is bothering me.

another way is to fly to Australia and cash out but the current pandemic really killing this plan
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Yes - getting cash from Aust may be the best solution to avoid paying the 3% tax. You must make sure you don't change more than rm3k each time when you change at the money changer in Msia because they ask for your ic and you got to fill a form which request for your occupation and company you work for. Just go to different money changers - there are about 4 money changers in Mid-Valley that i know of. Only problem is flying in and out of Aust at the moment with this Covid!!

I got a couple friend who just sold their unit in PJ and is wanting to bring the money back to Sydney (they are working in Sydney at the moment) so i can change some with them too. They lost money on their small unit bought 7 years ago. Msia is not a good place to invest (esp condos) as getting tenants is difficult. My returns on my funds left in Sydney has done so well in the last 18 months since the Covid crash. Only thing is whether we should lower our risk level at the moment smile.gif
Garysydney
post Nov 19 2021, 05:50 PM

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QUOTE(Hansel @ Nov 19 2021, 05:38 PM)
Bro,... you have to find a way to generate Ringgit income with the Ringgit that you have inside Msia now. Then,... with that Ringgit generated, you don't have to transmit funds back to Msia anymore in case you fail the pemastautin test and 'you turn out to be' a resident, or they 'make you a resident'...... just sayin',..... tax authorities can do anything.
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Hello Hansel, thank you for your reply.

If for some reason, lhdn classifies me as a tax resident of Msia, are you inferring that i have to pay the 3% for the money that i currently have in my name? I would have thought that it is only after Jan 1 2022 that the 3% ruling applies for funds sent after that date and that any money that is already in Msia will not be taxed. Isn't that your understanding?

Thanks very much for your input. I may have to engage a tax specialist as i have quite a lot of ringgit in my name. A bit concerned about this 3% tax now with Jan1 2022 fast approaching.
Garysydney
post Nov 19 2021, 07:18 PM

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QUOTE(Hansel @ Nov 19 2021, 06:12 PM)
Whatever you have in Msia currently will NOT be taxed. No worries there.

No need to engage a tax consultant,... tell you something,... the tax consultants are also blurr now,... they're publishing articles based on what I/we write here,...  biggrin.gif  then they add some salt and peppar on top to make things look more like its their own work. Their guesses are as good as our guesses on what will LHDN do next year.

Then HDN also does not know how to execute their plans,... sure, sure,... everybody wants to be like Australia,... residential-based taxation system. But this system has bad repercussions too.
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Thank you taikor Hansel.

As long as they don't tax what i have in Msia is okay. Those that i have in Aust (80% of my assets) i can always find ways of bringing them back slowly if i need the funds but i think my funds in Msia will last me a very very long time.

Nice communicating with you as it has been a while since we last wrote.

Take care.
Garysydney
post Nov 21 2021, 06:18 AM

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QUOTE(limeuu @ Nov 20 2021, 11:05 PM)
1 million will last you a long time in Malaysia, if you spend normally....
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I agree.

I came to /k for information on costs of retirement (in Msia) in 2017 as i had totally no clue - over the last 30 to 40 years, the longest i came back to Msia was 4 years because we only had 4 weeks annual leave. I only read about retirement from a Western point of view. Now i am finally back in KL (about 6 months ago) and i am pleasantly surprise on how cheap retirement costs can be in Msia. I have always been surprised with people earning rm3k/mth and able to survive (living with parents).

Also i didn't realise that /k are full of younger people (below 45 y.o.) and their opinions may differ from someone nearing 60. I must say i learn a lot since joining /k - i have never been active on social media (i don't even use Facebook until the last 8 months where i was forced to because i needed to find info on leaving Sydney).

Thanks limeuu for all your advice all these years - i must say i learnt a lot from your posts here.
Garysydney
post Nov 21 2021, 10:01 AM

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QUOTE(twotwopig @ Nov 21 2021, 07:14 AM)
Oh, I thought the 3% is for Malaysian tax resident, mainly people who are considered as tax resident in Malaysia and having overseas income, eg, property rental income in overseas.

If you're a tax residence in Au (even though you are a Malaysian), and you remit money back, I thought it is exempted?
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I flew back on 22 May 2021 and have now been in KL since. I probably won't fly back to Sydney until at least end of next year. I think Msia financial year goes from Jan to Dec (unlike Aust that goes July-June) so i have spent more than half the year in Msia so for 2012, i should be classified as a Msia tax resident.

I have relatives flying back next year and can ask them to bring me the cash if they are going to implement the 3% ruling. Just need to declare if you take more than A10k per person to the Aust govt.
Garysydney
post Dec 15 2021, 04:24 PM

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QUOTE(kagenn @ Dec 15 2021, 03:45 PM)
Hi all, it's been a pretty wet spring/summer, which was personally quite welcome for me. It resembled Msia's hot and humid weather really closely.
Occasional cloudy days which were my favoured type of day back home. How's everyone enjoying the (limited) freedom?

Also, has anyone (or your family) been able to get the visa and exemption to travel to Aus? I'm hoping my my mother will be able to visit early next year and stay for a bit.
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When i was younger, i also liked the overcast weather but as the years progressed, i liked the warmer weather and rainy days are the worst.

Heard this year's summer been pretty cool as well - i always like a warm summer. The good thing about summer is the sunset-ing after 8pm. I have always lived near the beach and my wife and i will go for walks along the beach after dinner. Cannot imagine i have lived 40 years in Sydney smile.gif .

Life in KL is very different. Don't need to wear long johns all the time. It has been raining a lot in the aftrennons so evenings are quite cool. I like retirement in KL as food is everywhere and CHEAP!! My expenses are halved what it was in Sydney. I now understand why a lot of Westerners live in Phuket for their retirement.
Garysydney
post Dec 19 2021, 10:47 AM

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QUOTE(kagenn @ Dec 19 2021, 09:30 AM)
It's plenty warm today - the weather is ping pong-ing around. I'm already missing the slightly gloomy weather. I can get where you're coming from, sometimes my knees ache when it gets colder too, a rewards for excessive squats in my early twenties.
The sun setting at 8pm is pretty good, feels like you have a much longer day and it still feels alright to wake up a bit later too.

I've seen a few pics of the flood in KL due to the rain. It's probably good you're not caught in them or the bad daily traffic. I would think inflation hit KL badly with the recent prices of vegetables I saw being circulated in my family chat.
Has the food prices not gone up a fair bit?
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As i have just been back in KL for 6 months, i have not really got to know the vegetables and meat prices very well yet. I guess as i settle in a little longer, i can then find out slowly how much each item would cost. I normally buy my vegetables, meat and fish at Lucky Garden morning market - we have not bought a lot of these because my wife has been buying a lot of takeaways. My wife really loves KL because she spends her time doing things she enjoys rather than having to worry about what next she has to cook for lunch/dinner. Takeaway food is about 40% of how much we pay in Sydney - Sydney is so bloody expensive!!

My wife and i would go down to Coogee or Clovelly beach after dinner in the summer months for a short stroll along the beach. I have seen Bob Carr (ex-NSW premier) walk there quite a few times as well. Summer is very nice - we sometimes eat Italian at La Spiaggia down at Coogee Bay Rd but the food there is a little pricey. We have been going to La Spiaggia since the early 90s - very good Italian food there. We would sit along the side-walk tables whenever we eat there. When you are free, pop along Coogee Bay Rd during summer - it is beautiful. Park along Brook Street (behind Coogee Oval) as parking there is free. I have spent a lot of my time in Coogee/Randwick in my 40 years of life living in the Eastern suburbs.

This post has been edited by Garysydney: Dec 19 2021, 10:49 AM
Garysydney
post Dec 21 2021, 12:54 PM

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For those in Australia, today is the Dec 21 - longest daylight hours. From here the daylight hours will start shortening until June 21 where daylight hours will be the shortest.

I love the days leading to Dec 21 as we seem to get more things done with the longer daylight hours. After dinner still plenty of time to go out for a evening stroll.
Garysydney
post Dec 31 2021, 05:33 AM

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QUOTE(hihihehe @ Dec 30 2021, 10:14 PM)
now that the gov u-turn the tax thingy so i dont have to rush TT back the money now
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What a relief!!

I transferred a small sum back to KL 3 weeks back (rate 3.02) with a deal struck with a younger couple who have migrated to Sydney a few years ago. They just sold their unit somewhere near 1-Utama in KL and wanted to move the funds to Sydney - lucky they contacted me after they sold and wanted to know if i wanted some ringgit. I don't have much Aussie so i had to sell some shares (which i have held for a long time). I think they too are also quite happy with our mutual arrangements because they will also find it hard to shift funds out of Msia (esp when the amount is six figures) nowadays with a lot of Bank Negara tight restrictions.
Garysydney
post Dec 31 2021, 06:07 AM

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QUOTE(baby_4ever @ Dec 31 2021, 05:46 AM)
If you Non Tax Resident status, nothing to worry at all
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I am aware of this - the problem is now i am residing/retired in Msia so i am classified as a Msian tax resident (even though i have never lodged a tax return in Msia) because i have spent more than 183/365 days living in Msia. I may never return to Aust to live (if i like it in Msia) and will slowly need to bring my funds back to Msia later on in old age. At the moment, more than of my 80% of my assets is still in Aust.
Garysydney
post Dec 31 2021, 07:04 AM

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QUOTE(baby_4ever @ Dec 31 2021, 06:51 AM)
Dont bring back, send to stock market, let it grow. Bring back minimum monthly.
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I am now retired so rely on my rentals, dividends, capital gains and interests to live on.

I am lucky i have quite a lot of income to live on and i like retirement in KL as there are a lot of options when it comes to food and the KL weather is quite ok. I do a daily budget (will be stopping that shortly as i know my monthly spent now in KL) and my monthly expenses in KL is a lot lower compared to Sydney. Sydney is so bloody expensive!! I guess you have to pay a premium to live in Sydney biggrin.gif .

My siblings in Sydney is missing me and keep asking me to return to Sydney while my siblings in KL is so happy i am back in KL (after being overseas for more than 40 years). I will keep my options open and have 5 years to decide whether i want to maintain my PR (will have to go back to Sydney every now and then to make up the 2/5 years stay condition to keep my PR).
Garysydney
post Dec 31 2021, 11:21 AM

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QUOTE(baby_4ever @ Dec 31 2021, 10:41 AM)
I know, KL is alot cheaper to spend for life, assume u just need food and pay utilities bill, house and cars fully paid. I would retire in Malaysia as well because siblings in KL. 40 years is very long time. Enjoy your retirement. KL is considered too cheap as compared to elsewhere (other big cities)
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I tried writing a bit of my life in /k and i have got so many negative responses dis-believing me.

All i have written so far is a real collection of my life and i get so many dis-believers smile.gif

I better stop posting so much now nowadays as i am attracting a lot of unwanted attention. Imagine a 60 year old man trying to convince younger /k forummers
Garysydney
post Dec 31 2021, 12:50 PM

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QUOTE(baby_4ever @ Dec 31 2021, 11:52 AM)
Dis-believers are those who never went out at all and not looking at overall picture. Expectation must be realistic.
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Very true.

I now am beginning to understand the mentality of Malaysians - i guess i have to understand the Malaysian culture more. I have been living in Sydney for 40 years and probably have a Aussie attitude and way of thinking.

I also cannot comprehend forummers on /k. There was one user who i thought was my neighbour's relative but just two days ago found that he was a dupe and his stories are all made up. Why on earth would someone create an identity just to have fun? I guess i have to be more careful now in KL and on /k because i still totally cannot understand the Malaysian way of thought - one thing comes to mind is the way Malaysian drivers drive doh.gif
Garysydney
post Dec 31 2021, 03:56 PM

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QUOTE(kagenn @ Dec 31 2021, 02:57 PM)
Had a few friends who take glee in trolling and doing things like creating alternate/dupe accounts is merely one of the many tools. People do all sorts of things for fun or attention, which are why some of these forumers react/behave this way. They've probably experienced it multiple times.
I can understand where they come from as I can be equally as cynical or distrustful (especially online where it's easy to hide behind a screen name). The above is the reason why I'm quite reluctant to join in some conversations unless they're serious or interesting enough.
You'll be able to find like-minded people and have a good conversation, but trolls will be everywhere - why waste your time trying to convince them?

Driving in KL is pretty stressful - try to time your driving when it's not peak hours and you should be alright. Let others overtake if they want to and just avoid the troublemakers as it'll be mostly a waste of time engaging with them. Gotta limit your generosity while driving or other drivers will take advantage of it. Gotta think it's as if you're driving in the Punchbowl/Bankstown.
Spend another year or two and it'll be fine - you'll be back in your element in no time. Just be more mindful of petty crime as it will not be going away (in my opinion, never going away). Take the Bankstown approach to things: don't keep valuables in car and always lock it either in/outside. Always keep an eye out for bikes with 2 male riders and pick pockets.
Motorcyclist are always right in accidents and always hide the handbag (especially the ones your wife likes). Makes me miss KL a lot less whenever I think about all my old encounters. My mum always locks the car doors immediately after dropping me off since childhood and I've been making fun of her ever since.. but that's the mentality we practice when living in KL.

Stay safe and Happy New Year all!
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Thanks for your advice.

Your advice rings true now that you bring it up. The drivers here are so different compared to drivers in the Eastern suburbs.

I have never used any social media before - /k is the one and only and i only discovered it by accident as i was trying to find retirement costs in KL. Now that i have been living here for more than half a year, all my worries about not having enough money to retire have all vanished. KL is a lot cheaper compared to Sydney. You have very good advice about trolls and people using /k for fun - i never thought people would create dupes just to troll. Well, i have just learnt something about social media but i honestly cannot comprehend trolls and how creating fake stories can be fun - maybe i am just born into the older generation and having no kids makes me unable to understand what the younger generation would do for fun.

Happy new year to you and thanks for your advice notworthy.gif

This post has been edited by Garysydney: Dec 31 2021, 03:58 PM
Garysydney
post Jan 1 2022, 06:00 AM

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QUOTE(Hansel @ Jan 1 2022, 01:10 AM)
Happy New Year, bros,...

Diff places have diff qualities and diff characteristics. This is one thing I always keep in mind,....
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Good morning Hansel

Agree with your thoughts. Definitely a lot of differences in the two cultures. Good to experience what a new culture may bring and also need to adopt and learn a new approach how we react to things. Sydneysiders tend to over-react when things are not to our liking.

Retirement gives us too much free time unlike the days when we need to work. Now with 2022 coming on, will need to adopt a new approach on how to soak up my free time. Now i understand why all my retiree friends (mostly 65+) in Sydney is always wanting me to go out with them (children all have their own lives).

Happy New Year to you and your family and may 2022 be a fantastic year (2021 has been a very good year for me in monetary terms).

This post has been edited by Garysydney: Jan 1 2022, 06:00 AM
Garysydney
post Jan 6 2022, 10:25 AM

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QUOTE(pandera999 @ Jan 6 2022, 10:01 AM)
social media maybe have pros and cons but basically facebook now like instant news, some info are not filtered. so always keep in mind that, always refer to the accurate source. Most of information update sometimes spread faster than official news channel (i guess everywhere is the same).

sometimes comment on facebook can be toxic, dont bother to read everything but u can understand whats happening in the community through these platform. laugh.gif my pov on social media that is for connecting with friends, i still prefer Instagram.
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Thanks for your post.

I thought initially in /k what people write is at least a 80-90% true reflection but i didn't realise that a lot what people write is total bullshit!! After going through some posts in the last few days, i have formed an understanding that a high percentage of /k users here are trolling - i couldn't understand why people troll but then i am 60 y.o. and people my age won't be spending time trolling. At least i now understand this forum more correctly now and i shall desist from posting in the other less serious threads.

This post has been edited by Garysydney: Jan 6 2022, 10:27 AM
Garysydney
post Feb 4 2022, 08:40 PM

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QUOTE(kagenn @ Feb 4 2022, 11:53 AM)
Hi all,

Happy CNY to all those celebrating and happy holidays to those who are enjoying it. Hope everyone will have a great 2022 ahead!
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Happy New Year to you my friend.

Maybe have yum cha with you again when i get back to Sydney - however looking at how things are at the moment, i may not go back for some time. KL is definitely a better place for retirement and weather has been quite okay (not too hot). Cost of living is less than half that in Sydney. My wife says if i want to go back to Sydney to live, i would have to go back by myself sad.gif

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