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28 Oct 2024

I plan to retire and take a PSS defined benefit pension somewhere between the ages of 55 and 60. Immediately post-retirement, I am planning to move to an overseas country where, after a period of time, I would be considered a tax resident of that country by the government of that country. In that situation, would I still be liable for payment of tax in Australia on my PSS pension? Would it depend on any other factors? If so, what are those factors?

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749 views
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Cratsky(Master)Master
30 Oct 2024

You should confirm if the country you are moving to has a double tax treaty with Australia. https://www.ato.gov.au/about-ato/international-tax-agreements/in-detail/what-are-tax-treaties


A double tax treaty will detail how amounts sourced in one country party to the agreement are treated in the other country party to the agreement.


If there is no double tax treaty, safe to assume that the 'foreign income' generated in Australia will be taxable in the country you are a tax resident of.

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Most helpful reply

Cratsky(Master)Master
30 Oct 2024

You should confirm if the country you are moving to has a double tax treaty with Australia. https://www.ato.gov.au/about-ato/international-tax-agreements/in-detail/what-are-tax-treaties


A double tax treaty will detail how amounts sourced in one country party to the agreement are treated in the other country party to the agreement.


If there is no double tax treaty, safe to assume that the 'foreign income' generated in Australia will be taxable in the country you are a tax resident of.

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