My wife (Australian) and me (I have a permanent residence visa) are considering to move residency from Italy to Australia, so I'm not Australian tax resident yet.
I already receive a Swiss pension (both AHV and private BVG / 2nd pillar) and understand that contributions into both pension schemes made by me personally (not employers contribution) may not be taxed on my Australian ATO/tax return, as they are considered UPP contributions. Example, if I have a pension fund of 500.000,- CHF and contributed 50% myself (all documented through annual salary statements etc.).
The fund pays me annualy 30.000,- CHF in monthly installments, so only 15.000,- would be be considered taxable income?
Understandibly the higher taxation of the pension compared to the current situation is something I would like to clarify as much as possible beforehand.
Thanks for any clarfication
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