Retiring Overseas? These 4 ATO Rules Trap Australian Pensioners

Thinking about retiring overseas? If you're Australian, leaving the country changes your tax in ways most people only find out about months too late. The day you become a foreign resident, four ATO rules quietly switch on at once, and together they can cost retirees tens of thousands of dollars. I'm Craig Millar. I work in tax and superannuation, and in this video I walk through all four in plain English. We cover how losing the tax-free threshold as a foreign resident changes your income tax, how capital gains tax can treat your shares as if you sold them the day you left (the deemed disposal rule), what happens to a self-managed super fund when its control moves overseas, and how the Age Pension actually works once you live abroad, including the 26-week rule and your Australian Working Life Residence. To make it real, we follow one couple moving from Brisbane back to the UK, so you can see how these rules stack up and what you can still fix before you go. If you're planning to retire overseas from Australia, or just weighing it up, start here. Stay to the end for the four things I'd sort out first. Sources: Australian Taxation Office: https://www.ato.gov.au Services Australia: https://www.servicesaustralia.gov.au DSS Social Security Guide: https://guides.dss.gov.au This is general information only, not personal financial, tax, super or Centrelink advice. Always check your own situation with a registered tax agent or licensed adviser. #RetiringOverseas #agepension #australiantax