Moving from Canada

Go Back   Living and Working in Australia Forum With Immigration and Travel Information > Living in Australia > Business and investment

Business and investment Please use this section to talk about all your business needs in Australia. Do you want to start a new enterprise in Australia? Are you looking at making investments into the Australian business sector? Do you have queries about as and accounting procedures and regulation? Feel free to discuss this and more with other members of Australia Forum.

Moving from Canada


Closed Thread
 
LinkBack Thread Tools
  #1 (permalink)  
Old 03-14-2011, 04:28 AM
Junior Member
 
Join Date: Mar 2011
Posts: 1
Please update your flag here .

Moving from Canada

Hey all,
I'm moving from Canada to Australia in a few months! and I'm trying to do a little research but can't find the information I need. In Canada, with regards to investments throughout your working career you have RRSP's, TSFA's, pension, etc.. Now, in comparing to Australia, which has Superannuation, my question lies in how does that work?

Superannuation to my understanding is just simply cash in a fund that accumulates interest over the years. You cannot invest it or anything?

I guess my question is what does Australia have that compares to 401k's in the U.S or RSP's and TSFA's in Canada? I'm trying to figure out some of this retirement saving - investing information before I jump into things I guess.

I'm going to start investing once I get there, but need to make sure that I know the facts. I'm assuming many of the banks have investing accounts much like North America anyways.

Any information would be appreciated!


  #2 (permalink)  
Old 04-10-2011, 06:49 AM
Active Member
 
Join Date: Oct 2010
Location: Wollongong
Posts: 20
Users Flag! From australia

2 likes received
4 likes given
self managed super

Hi


There are many different superanuation schemes.

You can go for low growth, low risk and high growth, high risk and a mixture of inbetween.

you can set up self managed funds where you invest your super money where you choose.

I would look at an Australian investment forum for more info :-)


Last edited by megabuff; 04-10-2011 at 06:50 AM. Reason: speelling mastaks

  #3 (permalink)  
Old 05-12-2011, 12:38 PM
Senior Member
 
Join Date: Mar 2011
Posts: 83
Please update your flag here .

3 likes received
1 likes given
moving to Sydney

Hi

I read that you want to move to Australia. About the superannuation in Australia i think you should go with high growth scheme if you are earning 100k or above annually other wise go with low growth scheme.


Closed Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Moving from Canada to Australia pancetta1212 Visas and immigration 10 10-06-2011 06:23 AM
Moving from Canada to Australia fanfare23 Visas and immigration 2 09-21-2011 11:14 AM
Moving from Canada Maggie-May24 New member introductions 2 07-26-2011 02:45 AM
Moving from Canada Canadian Jobs and work 3 05-27-2011 01:46 AM
Moving from Canada to Australia thethrillisgone Visas and immigration 5 05-26-2009 09:57 AM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.


All times are GMT. The time now is 07:26 PM.




Powered by vBulletin®
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
SEO by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.
AustraliaForum.com