Australian Money Checklist Australian Money Checklist for UK Migrants Have you recently arrived in Australia and do not understand how finance works here? Complete our Australian Money Checklist to find out how much you know. The short quiz will help you to identify key gaps in your knowledge that may need improving to help make your money work for you. If, after completing the questions, you feel you may benefit from our services, you can apply to become a client. We'll ask for your name and email address at the end of the quiz so that we can send you a copy of your answers. Let's Get Started The quiz contains contains 24 multiple-choice questions across 5 categories: What You Leave Behind Employment, Benefits & Taxation Superannuation System Buying Property Buying Shares Press 'next' to begin. What You Leave Behind and How it Affects You Section 1 of 5 Do you know the value of the private pensions that you have left behind?YesNo Are you aware of how you can claim the UK state pension whilst living in Australia and also how to increase your entitlements?YesNo Do you own any property or other investments assets in the UK?YesNo Did you leave behind family and friends in the UK that will require you to visit regularly?YesNo Do you have a clear plan including a budget for your overseas travel costs (including UK) and their frequency?YesNo Employment, Benefits & Taxation Section 2 of 5 Do you understand what a Tax File Number (TFN) is and how it is used in Australia?YesNo Do you understand the Australian Financial Year and how it will affect you with your taxation?YesNo If you have a different pay cycle frequency in Australia than you did in the UK do you understand how to best deal with this?YesNoN/A Do you understand the Australian pay as you go (PAYG) taxation system and how it works?YesNo Do you know what negative gearing is and how best to use it?YesNo Do you understand how Centrelink works and how to use it effectively?YesNo Superannuation System Section 3 of 5 Do you understand what superannuation is and how the system works?YesNo Do you understand how personal superannuation contributions works and their effect on your taxation?YesNo Do you understand how the system compares to UK private pensions?YesNo Do you understand what a self-managed superannuation fund is and the advantages and disadvantages of doing this?YesNo Are you aware how the Australian age pension eligibility rules work?YesNo Buying Property Section 4 of 5 Do you understand the controls placed on non-residents buying property in Australia?YesNo Do you understand the methods used to market real estate in Australia and how much this costs?YesNo Do you understand how open houses work and the benefits and drawbacks of the process?YesNo Do you understand how best to bid and buy real estate at a property auction?YesNo Do you understand property contracts, what they can be subject to and cooling off rights?YesNo Buying Shares Section 5 of 5 Do you understand how the Australian market (ASX) compares to the UK market (FTSE)?YesNo Do you understand how dividends can be used and the expected yield when investing in Australia?YesNo Do you understand what is meant by the term franking credit and how to use this effectively?YesNo Full Name Email address Time is Up!