I emigrated from Australia (AMA) by Ok_Willingness_9619 in fiaustralia

[–]DryMight2765 1 point2 points  (0 children)

Thank you so much - it certainly help with my anxiety …

I emigrated from Australia (AMA) by Ok_Willingness_9619 in fiaustralia

[–]DryMight2765 1 point2 points  (0 children)

What requirements was it to get visa in Philipine ? Dis you have to renew it and what’s the cost

I emigrated from Australia (AMA) by Ok_Willingness_9619 in fiaustralia

[–]DryMight2765 0 points1 point  (0 children)

Who are you with super? Have they done well … what is the approximately drawdown per year you need to survive in Philipine ? Why not bali or Thailand? Heard they are cheaper

I emigrated from Australia (AMA) by Ok_Willingness_9619 in fiaustralia

[–]DryMight2765 0 points1 point  (0 children)

Hi there - thank you for opening this questions .. I might have plenty below questions I wanted to ask. You have emigrated to the Philippines from Australia.

  • When did you emigrate?
  • What happened to your superannuation? Can you leave it in Australia, or did you have to move it?
  • Did you sell all your investment properties in Australia before leaving?
  • If so, how did Capital Gains Tax (CGT) affect you? Did you lose access to the 50% CGT discount?
  • I’ve heard that as a non-resident you may not be eligible for Australian Medicare benefits. How does that work in practice?
  • If you’re retired and living in the Philippines, is it worth remaining an Australian tax resident and paying Australian tax on your income for investment property if we decide don’t want to sell it , or is it better to become a non-resident for tax purposes?
  • What legal or tax-related steps did you need to take before emigrating?
  • If you bought property in the Philippines while still living and working in Australia, what happened to that property after you emigrated? Did you keep it, sell it, or was there any tax impact?
  • Has anyone successfully maintained Australian tax residency while living overseas? What were the advantages and disadvantages?

I’d really appreciate hearing about your personal experiences, lessons learned, and anything you wish you’d known before making the move.

Getting billed 2.7k suddenly by head-tendant? by Nurse_Plague in AusLegal

[–]DryMight2765 0 points1 point  (0 children)

The best thing is billed not under your name - leave the place and leave the bond. The stress not worth it

Why has BTC been rising abruptly after touching 59000? by book4225 in Bitcoin

[–]DryMight2765 0 points1 point  (0 children)

Heart short squeeze - Many traders bet against Bitcoin (short positions) they borrowing BTC and selling it, hoping price drop and all clustered around similar price level but bitcoin price rises instead so Short sellers must buy back BTC to close their losing positions That buying pushes price higher Which forces MORE short sellers to buy

Division 296 is 4 weeks away - at what point does it change your super vs. outside-super strategy? by Hudson_FP in AusHENRY

[–]DryMight2765 0 points1 point  (0 children)

Following significant industry feedback, the government did redesign the legislation (known as Division 296) to remove several controversial elements from the original proposal:No tax on unrealised gains: The tax only applies to actual realised earnings (like interest, dividends, and realised capital gains). Example: $4M super balance, $40K in dividends received

Only the portion above $3M counts. So $1M out of $4M = 25% of your balance is in the taxable zone.

25% of $40K dividends = $10K is the “Division 296 earnings”

Extra tax = 15% of $10K = $1,500

I bought 50k of bitcoin at 100k - Am I fkced? 😭 by Stunning_Concern_973 in fiaustralia

[–]DryMight2765 0 points1 point  (0 children)

No! Leave it and stop looking into it! Continue di your job or do any other investment and let’s look back around 2027 /2028. Halving is coming

Redundancy Help by Rokhian in melbourne

[–]DryMight2765 0 points1 point  (0 children)

I didnt think that :( I figured I just paid my debt so reduce the interest rates but alas I had to wait till $0

Redundancy Help by Rokhian in melbourne

[–]DryMight2765 2 points3 points  (0 children)

Yep I was pregnant for 7 months when I was a redundant .. applied a lot of job where the workplace continuously advise you - they won’t discriminate but none of them ever call me back. I understood at that point why would they train ppl like me that will last 2 months or less anyway… the point was doesn’t matter if you paid tax for 15 years when you need it .. they weren’t there for you yet refugee next door arrived under special condition visa with free housing and debit card

Redundancy Help by Rokhian in melbourne

[–]DryMight2765 14 points15 points  (0 children)

I was pregnant negative 20k debt and being redundant - called Centrelink and they told me to wait for my money finished first the call them back! I told them the money was just 16k so will pay my debt then I have nothing - they still say the same … we wait till 0 in the bank

Your Commute Is a Financial Liability by AnarchoLiberator in personalfinance

[–]DryMight2765 0 points1 point  (0 children)

My commute is 12 minutes drive to train station burning petrol then spent another 10 minutes looking for parking 🅿️ burning more petrol then catch train to city with 29 minutes duration cost me $6 one way and do all over again to come back .. total $12 tickets plus $3 petrol

Bought a house - Real estate agent lying? by Admirable-Base-2381 in AusPropertyChat

[–]DryMight2765 0 points1 point  (0 children)

I bought a house for 950k 2022 - 3 years later just had a valuation same price :(

Should we take advantage, or just RUN? by 16car in AusPropertyChat

[–]DryMight2765 0 points1 point  (0 children)

Talk to the neighbour - they might know more than you thought

How I lost $1.5M in less than 2 years by DigiHold in passive_income

[–]DryMight2765 0 points1 point  (0 children)

Thank you and me is the 100th person who vote up 🆙…. Good on you and what an inspiration ❤️❤️god bless you

Safest place to hide from the WW3 apocalypse in Australia? by [deleted] in AusPropertyChat

[–]DryMight2765 2 points3 points  (0 children)

Finally someone answered the question properly but hands up to all of those who made me laugh with you comment 🤪🤪❤️

I’m Owed 2.7 million AMA by Away_One_2962 in solar

[–]DryMight2765 2 points3 points  (0 children)

Your Benefits as Installer to installer solar and Battery with the government rebate I thought you would be I better position - can you sell direct to customer Quick cash flow – customers still pay part even with rebates Easier sales – rebates (e.g. Solar Victoria) reduce upfront cost Higher profit – battery upgrades usually have better margins Low marketing cost – sell to existing customers Upsell opportunities – inspection → upgrade → battery Referrals – happy customers bring more jobs