Hi
My husband has a pension from the UK from a large well known company he worked for for 26 years. He now pays tax in Australia rather than the UK under the tax treaty, as we came on a PR visa. However, the ATO have described his pension income as "Business and investment" tax and on another correspondence as "foreign investment" tax. Is this right? We are under the impression that Australians superannuation is tax free and although we were not expecting that luxury, my husbands tax demands from the ATO seem really high. And because they class it as business tax, he has to pay on the "pay as you go" quarterly terms which makes it even harder to keep up.
Thanks in advance for any advice on this.

Hello kitty4.

Do you have an accountant assisting with your Australian tax affairs? If you are required to pay tax each ¼ on an instalment activity basis it may be in your interests to appoint someone suitably competent ...

Go Matilda assists with Australian (and UK) Tax Returns. If you would like us to telephone you to discuss your situation, how we might help, our fees, etc please send me an email or a PM - click on my name to the left of this posting.

Best regards.