S1: Ep 13: Hidden financial costs for moving to Australia with The Broke Generation

In this episode we chat to Emma Edwards from The Broke Generation, a super popular Instagram, Tik Tok, weekly newsletter and popular podcast. She creates content, classes and courses that leverage the fields of money psychology and human behaviour to help us feel more financially confident.
Emma is originally from UK and moved to Melbourne 7 years ago to be with her now Australian husband. In this episode, we chat all about her move to Australia, the psychology around money and how being an expat will cost you so much more than you can imagine.
We also talk about having expenses back home after you move, what happens to your student loan and National Insurance, as well as how to make more money on the side.
This is a fantastic episode I know you’ll get so much out of! Make sure you follow Emma’s content by typing in @thebrokegeneration wherever you get your podcasts from, Instagram and TikTok.
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[@RJS4287]

Super issues from a baby boomer who spent 20 years working in Australia & 15 in UK (10 in my 20s & 5 in my 50s). My UK public sector occupational pension is index linked but the Australian Tax Office count it as "overseas income" not superannuation. So it is taxed more than super. If it was a private pension I could have transferred it to an Australian Super Fund with less tax. But UK public sector pensions are generally not transferable as the fund might be "virtual" and paid out of tax revenue. I had sufficient UK NI to get a small UK Old Age Pension or OAP but Australia is one of the countries unlike US or EU where this is not index linked by UK Government. But overall I feel a guilty baby boomer to have an index linked occupational pension - Australia abolished these for public servants in the 1980s as unaffordable. Also Brits need to know Australian OAPs are means tested - 30% do not get one ,hence self funded retirees. By the way I had to give my Australian Tax File number to my Lloyds Bank Account in UK where my UK pensions are paid - ATO and HMRC seem to co-operate!

[@SueVeitch-nu1vs]

I was highly offended by the assumption that because the Tinder date was Australian, that it might not go well, and the surprise that he was in fact “really nice” For goodness sake, such small minded ignorance!