Australian Politics Forum - They Won't Be Able To Retire On Time

Bobby.

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Re: They Won't Be Able To Retire On Time
Reply #30 - Jan 5^th, 2025 at 7:49pm

whiteknight wrote on Jan 5^th, 2025 at 4:34pm:

No why should they stick to that?. They were voted in and have every right to put their ideas to the people. They also have the balance of power in the Senate. So the greens are doing what they should.

Hi Sir Crook,
you might not like the Greens so much when your power and gas bills triple in price. Embarrassed

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Frank

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Re: They Won't Be Able To Retire On Time
Reply #31 - Jan 5^th, 2025 at 9:31pm

whiteknight wrote on Jan 5^th, 2025 at 4:22pm:

Well trust the Australian greens to come up with another good idea. Think I will put a vote in for them. At least in the Senate anyway. Sad

Here's another good idea: if you have brought up 3+ children you can retire at 65 if you wish. Two children - at 67, one - 69, no kids, 75.
In other words, if you contributed to the pool of taxpayers who will pay for you government pension you can retire with the knowledge that your children 's taxes will pay for you.

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Daves2017

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Re: They Won't Be Able To Retire On Time
Reply #32 - Jan 5^th, 2025 at 9:51pm

Myself and many colleagues have zero interest in retirement in Australia.
Too expensive and “ culture ( a bbq at Bunnings?) not quite as interesting as other countries.

It’s a effort to move your cash offshore legally but certainly not impossible plus ?

No tax on your account earnings!

I’ve said to much 🥳

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Don’t vote for any of them. They just want your money!

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whiteknight Gold Member Offline Australian Politics Posts: 8260 melbourne Gender:	Re: They Won't Be Able To Retire On Time Reply #33 - Jan 5^th, 2025 at 10:51pm How many children you have has got nothing to do with it. Did you not decide if and how many children you have?. No it seems to me 65 is more than enough. Some would say even 65 years old is too much.
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Leroy

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Re: They Won't Be Able To Retire On Time
Reply #34 - Jan 5^th, 2025 at 11:11pm

Daves2017 wrote on Jan 5^th, 2025 at 9:51pm:

Myself and many colleagues have zero interest in retirement in Australia.
Too expensive and “ culture ( a bbq at Bunnings?) not quite as interesting as other countries.

It’s a effort to move your cash offshore legally but certainly not impossible plus ?

No tax on your account earnings!

I’ve said to much 🥳

Its easy, just take it with you, you are allowed to take as much money as you want when you leave Australia.

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Every day you wake up is a good day, make the most of it.

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Daves2017

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Re: They Won't Be Able To Retire On Time
Reply #35 - Jan 5^th, 2025 at 11:26pm

Leroy wrote on Jan 5^th, 2025 at 11:11pm:

Daves2017 wrote on Jan 5^th, 2025 at 9:51pm:

Myself and many colleagues have zero interest in retirement in Australia.
Too expensive and “ culture ( a bbq at Bunnings?) not quite as interesting as other countries.

It’s a effort to move your cash offshore legally but certainly not impossible plus ?

No tax on your account earnings!

I’ve said to much 🥳

Its easy, just take it with you, you are allowed to take as much money as you want when you leave Australia.

Nein, tell me your experience if you have one?

No more than ten thousand cash can be carried out side our boarders at any one time.

Of course several yearly trips o/s with $9990 isn’t against the law, yet.

“ Australia must report any currency they are carrying of $10,000 or more in Australian dollars, or the foreign currency equivalent.”
“ wiki.
Your confused with taking as much as you want if you are prepared to till the Australian government why and what for.

Which totally defeats the purpose of saving tax free as the Australian government will charge you tax on o/s profit “ if you tell them “.

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« Last Edit: Jan 5^th, 2025 at 11:32pm by Daves2017 »

Don’t vote for any of them. They just want your money!

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Leroy

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Re: They Won't Be Able To Retire On Time
Reply #36 - Jan 6^th, 2025 at 5:35am

Daves2017 wrote on Jan 5^th, 2025 at 11:26pm:

Leroy wrote on Jan 5^th, 2025 at 11:11pm:

Daves2017 wrote on Jan 5^th, 2025 at 9:51pm:

Myself and many colleagues have zero interest in retirement in Australia.
Too expensive and “ culture ( a bbq at Bunnings?) not quite as interesting as other countries.

It’s a effort to move your cash offshore legally but certainly not impossible plus ?

No tax on your account earnings!

I’ve said to much 🥳

Its easy, just take it with you, you are allowed to take as much money as you want when you leave Australia.

Nein, tell me your experience if you have one?

No more than ten thousand cash can be carried out side our boarders at any one time.

Of course several yearly trips o/s with $9990 isn’t against the law, yet.

“ Australia must report any currency they are carrying of $10,000 or more in Australian dollars, or the foreign currency equivalent.”
“ wiki.
Your confused with taking as much as you want if you are prepared to till the Australian government why and what for.

Which totally defeats the purpose of saving tax free as the Australian government will charge you tax on o/s profit “ if you tell them “.

You only have problems if the money you want to move has been obtained illegally or is to be used for illegal purposes. If you are leaving the country there is no tax on taking your money with you.

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Every day you wake up is a good day, make the most of it.

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John Smith Gold Member Offline Australian Politics Posts: 74851 Gender:	Re: They Won't Be Able To Retire On Time Reply #37 - Jan 6^th, 2025 at 6:09am Daves2017 wrote on Jan 5^th, 2025 at 11:26pm: No more than ten thousand cash can be carried out side our boarders at any one time. rubbish You can take as much as you want. The ten thousand limit is what you are allowed to take undeclared. If you want to take more you have to declare it, that's all.
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Grappler Deep State Feller

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Re: They Won't Be Able To Retire On Time
Reply #38 - Jan 6^th, 2025 at 6:19am

John Smith wrote on Jan 6^th, 2025 at 6:09am:

Daves2017 wrote on Jan 5^th, 2025 at 11:26pm:

No more than ten thousand cash can be carried out side our boarders at any one time.

rubbish

You can take as much as you want. The ten thousand limit is what you are allowed to take undeclared. If you want to take more you have to declare it, that's all.

Declare it all - let god sort it out. Close the borders to money launderers and cash economy merchants ... tax Outlanders who are smuggling cash out. Cool

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Bobby.

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Re: They Won't Be Able To Retire On Time
Reply #39 - Jan 6^th, 2025 at 6:23am

Grappler Deep State Feller wrote on Jan 6^th, 2025 at 6:19am:

John Smith wrote on Jan 6^th, 2025 at 6:09am:

Daves2017 wrote on Jan 5^th, 2025 at 11:26pm:

No more than ten thousand cash can be carried out side our boarders at any one time.

rubbish

You can take as much as you want. The ten thousand limit is what you are allowed to take undeclared. If you want to take more you have to declare it, that's all.

Declare it all - let god sort it out. Close the borders to money launderers and cash economy merchants ... tax Outlanders who are smuggling cash out. Cool

Best to open a bank account overseas and do a bank transfer using SWIFT.

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John Smith Gold Member Offline Australian Politics Posts: 74851 Gender:	Re: They Won't Be Able To Retire On Time Reply #40 - Jan 6^th, 2025 at 6:25am Bobby. wrote on Jan 6^th, 2025 at 6:23am: Best to open a bank account overseas and do a bank transfer using SWIFT. That STILL gets declared to the government.
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Frank

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Re: They Won't Be Able To Retire On Time
Reply #41 - Jan 6^th, 2025 at 8:09am

Daves2017 wrote on Jan 5^th, 2025 at 9:51pm:

Myself and many colleagues have zero interest in retirement in Australia.
Too expensive and “ culture ( a bbq at Bunnings?) not quite as interesting as other countries.

It’s a effort to move your cash offshore legally but certainly not impossible plus ?

No tax on your account earnings!

I’ve said to much 🥳

Where would you go?

What are the more culturally interesting but financially affordable places you are co considering?

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 84958 Always was always will be HOME Gender:	Re: They Won't Be Able To Retire On Time Reply #42 - Jan 6^th, 2025 at 8:25am Switzerland - I know a neurosurgeon there... Sweden Denmark A few
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Frank Gold Member Offline Australian Politics Posts: 47077 Gender:	Re: They Won't Be Able To Retire On Time Reply #43 - Jan 6^th, 2025 at 8:54am Grappler Deep State Feller wrote on Jan 6^th, 2025 at 8:25am: Switzerland - I know a neurosurgeon there... Sweden Denmark A few Affordable was part of the question. "What are the more culturally interesting but financially affordable places you are considering?"
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Bobby. Gold Member Offline Australian Politics Posts: 105961 Melbourne Gender:	Re: They Won't Be Able To Retire On Time Reply #44 - Jan 6^th, 2025 at 11:42am John Smith wrote on Jan 6^th, 2025 at 6:25am: Bobby. wrote on Jan 6^th, 2025 at 6:23am: Best to open a bank account overseas and do a bank transfer using SWIFT. That STILL gets declared to the government. It gets reported to Govts all around the world. That's the law.
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