Enquiry on fund transfer to Australia as migrating to Australia

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 · Accepted Answer

AriATO · Answer

If you're just transferring your savings there's no direct tax on it. It's only after it's here and if it earns interest you'll need to declare your interest in an Australian tax return. The income you earned prior to moving here isn't looked at. You should check your tax residency (https://community.ato.gov.au/s/article/a07RF00000GjNz8YAF/working-out-your-tax-residency-and-what-it-means-for-you) upon arrival because this'll help work out the treatment of any other income you earn when you're here.

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