It’s great for me because I can get my EPF money and no longer have to pay tax on the dividends. And I don’t have to renew my PR every 5 years 😅

Other than that, not much difference to having a PR other than being able to work for certain jobs like defence.

Why keeping EPF and the dividends in Malaysia are taxed by Aus govt? must declare ? how do they know?

First 4 years is non taxable for NZ. Australia may be the same, you may want to have a look.

I am keeping my KWSP so I get double retirement fund.

Also keeping my Malaysian citizenship, the best country you can be in, as a Malaysian.

When nearing retirement, spend 5 months in Malaysia and 7 months overseas, perfect plan.

That's very high. If I just work there without becoming PR will I be taxed as such?

Also why did t you close your KWSP?

Is there a way to invest yourself with the super? I hate the idea of paying middle man to do the job for subpar performance when I can get better performance myself.

I think that's a misconception (which I had as well). You will be taxed upon becoming a tax resident in Australia. The one question my tax accountant asked me was - when did you apply for your Medicare card? Upon making that application, you've shown your intention to stay permanently and is it from that point you become a tax resident as you've started benefiting off their government services.

You also Australian d ah 

Despite our income, good international schools were out of our reach. We’re talking about 6 figures per child per year, it’s something we would struggle with even with one child.

Also, if I lose my job, it’ll be difficult for me to even touch 60-70% of what I was earning even with if I joined our closest competitor. What am I going to do then? Transferring them to local schools would pretty much ruin them. Australia offers much better income stability for me.

I also never liked the rote learning techniques in our local schools. Have you ever noticed how the majority of our students can’t articulate themselves well right out of school? Our blue collar workforce struggles to put pen to paper and in my industry, we have to plop the “engineer” designation for what were traditionally blue collar roles just to have engineers become paper-pushers. What if my kids want to become something other than a lawyer, doctor or engineer and want to earn a living wage? Options are far and few between in Malaysia.

Having gone on a primary school tour here recently, their education system is much better than expected it further reinforced our decision to move.

It seems that our experience here is quite different. Happy to hear your gripes with the education system here.

I live in a good high school zone and so far the people I know who’ve sent their kids there and their alumni have nothing but praise. Curriculum isn’t just academic centric as well, but despite it’s flaws, it’s exactly what I’m looking for - and that’s as good as it gets without going private. Perhaps my expectations were set at the right level, wouldn’t you agree?

Fair enough, I can see the point about potentially struggling academically when entering high school. I guess it’s something we as parents will need to pay a little more attention to leading up to Year 7.

Did you use any tutors at all for your kids?

Is it possible for me to keep my Malaysian citizenship and let my kids (I don't have any yet) to attend their school?

Reason is when I am retired, maybe retire in Malaysia to avoid the taxation in Australia.

Isnt cost of living here in Aus cheaper (if you don't convert)?

Can give example of how much more expensive vs KL?

Because almost every country in the world would say their property are overpriced etc etc etc

There’s a reason why you can drink water straight out from tap in Aus

salary
kenji1903

Question on a  PR application:  My daughter graduated in Architecture in 2021 from RMIT in Melbourne. She has since worked for about 16 months in the profession in Melbourne.
She is currently on TR visa. She is planning to apply for PR at the end of the year. She is only 24 years old by then.
From the points calculator, she seems to have 80 points.

https://immi.homeaffairs.gov.au/help-suppor...ints-calculator

Do you think she will be able to get her PR by then?

She's ok with paying higher taxes?
You are ok with paying so much for tax?

Seems like no hope for single earner to buy a landed house 🥲

Thank you for the reply. As foreign tax resident, will I be taxed on my foreign sourced income (investment) or only my Australia pay?

You’ll be a foreign tax resident. Australian tax resident is only applicable for PRs and citizens.

What about entering and exiting with Malaysia passport
And then entering and exiting Australia with Aussie passport

Transit through Singapore, entry and exit with Aussie passport?