Can I transfer my West Australian rock lobster quota units into my SMSF?
SMSFs are generally prohibited from acquiring assets from related parties (whether it is purchased by the SMSF or contributed into the fund). There are some exceptions to the above rule for acquiring related party assets, including: • Listed securities (ie shares, units or bonds listed on an approved stock exchange, such as the ASX) acquired at market value. • Business real property (ie freehold or leasehold interests in real property used exclusively in one or more businesses) acquired at market value. • An in-house asset where the acquisition would not result in the level of the fund’s in-house assets exceeding 5%. • Units in a widely held unit trust, such as a retail ,managed fund. In-house asset rules An ‘in-house asset’ is generally defined as: • An investment by an SMSF in a related company or trust (ie a fund owns shares in a related company or units in a related trust). • An asset of an SMSF that is leased to a related party. • A loan made by an SMSF to a related company or trust. An investment, lease or loan that is an in-house asset is not prohibited, but is limited to 5% of the market value of the fund’s assets. The Answer: If your pre-owned Western Australian Rock Lobster fishery quota units are not included in the exceptions then you cannot transfer them into your SMSF.
You clearly don't understand my post. NK has survived 60 years not because they're dumb, but because they know how to posture and keep the west at bay, and have the support of China. I'd love to wipe them off the map. But they had no real plans to launch. As I said- trump had nothing to do with them backing down, their Chinese masters told them to chill out. And since NK relies on China for their fucking food, they fucking listened.   You know the problem with people like you? I made a reasonable statement of my opinion and instead of going after my point- you insist on attacking the person saying it. You have no idea how to have a debate without personal attacks just like your charlatan boy king.   Go ahead and leave the geopolitics to the adults. Thanks. You can't actually transfer shares directly unless they were obtained as part of an employee share scheme - see the answers to questions 19 and 20 on this page: http://www.hmrc.gov.uk/isa/faqs.htm#19 Q. Can I put shares from my employee share scheme into my ISA? A. You can transfer any shares you get from into a stocks and shares component of an ISA without having to pay   Capital Gains Tax - provided your ISA manager agrees to take them. The   value of the shares at the date of transfer counts towards the annual   limit. This means you can transfer up to £11,520 worth of shares in the tax   year 2013-14 (assuming that you make no other subscriptions to ISAs,   in those years). You must transfer the shares within 90 days from the day they cease to   be subject to the Plan, or (for approved SAYE share option schemes) 90   days of the exercise of option date. Your employer should be able to   tell you more. Q. Can I put windfall or inherited shares in my ISA? A. No. You can only transfer shares you own into an ISA if they have   come from an employee share scheme. Otherwise, the ISA manager must   purchase shares on the open market. The situation is the same if you have shares that you have inherited.   You are not able to transfer them into an ISA. I faced something similar for travel or work reasons, and as for me I preferred wire transfer over credit card withdrawals because my bank has huge fees. My thoughts so far are: the fee can vary a lot for credit card. As for me, I can expect 5% fees on foreign withdrawals. But I considered changing bank and I think a Gold (or premium) card might be a good idea as well. The idea is you pay a big subscription (100 euros or so) but have no fee. The total of withdrawal fees could easily (if you stay long abroad) reach this amount. There are also banks like HSBC that offer low fees on withdrawals abroad, you can ask them. The problem is that you cannot really withdraw huge amounts to lower the fee (since you carry this cash in the street). for wire transfers the total fee is usually $50 or more (I had a fee from distant bank, a fee for change and a fee in my home bank). But the amount is unlimited (or high enough to be of little matter) and I needed to do this once per year or so. So I guess it could be interesting if you have enough savings to only transfer money every couple of months or so. I think Western Union is also involved this profitable business. I never used it because the fees are pretty high, but maybe it is useful for not too big amounts frequently transfered. Actually, have you considered a loan? It's a very random idea but maybe you can use a loan as a swap and then transfer money when you have enough to reimburse it all. But the question is very interesting, I think the business is pretty huge due to globalization. It is expensive because some people can make a lot of money out of it. "We don't seem to have (m)any expats or Australians on the site yet, but I'll share what I have learned.  I'm taking advantage of your profile information listing you as a software developer.   A friend of mine is currently doing a study of national IT professional societies for his MBA project. One of his goals is to understand which funding models are effective in the absence of mandatory licensing.  (Consider: Most developers don't need to be a member of an organization in order to practice.) Such organizations you or others may be familiar with are the British Computer Society (BCS), the Canadian Information Processing Society (CIPS), or in the U.S. the Association for Computing Machinery (ACM) and IEEE Computer Society (IEEE-CS). To the point: My friend told me recently that the Australian Computer Society (ACS) makes money by assisting the Australian government in determining immigration eligibility.  So I went to the ACS site and started digging:  ""The Australian Computer Society (ACS)   is the designated professional   assessing authority for persons   seeking to apply for Skilled Migration   as IT (Computing) Professionals [...]"" See ACS's Pre-application Skills Assessment (PASA) page.  That page also links out to the Australian Government's Department of Immigration and Citizenship, in particular to a document titled General Skilled Migration (PDF).  Here are some interesting points I discovered, relating just to fees: The government recommends if you do want professional help to use a registered migration agent.  There will be fees for such an agent.  See MARA - What does it cost to use an Agent?  Currently: AUD1500 - AUD4000, or ~ £850 - ~ £2270. There will be a fee for the immigration application process itself. See Professionals and other Skilled Migrants visa charges - outside Australia.  Currently: total of AUD 6035, or ~ £3420. Also: ""You also need to have your skills   assessed by the relevant assessing   authority as suitable for working in   your nominated occupation.""  (page 7) ... and you need to do that before you even apply.  The ACS Costs and Charges page shows a cost of AUD 400, or ~ £225, for the PASA (General) application. So, I think the answer is yes, you'd certainly want to have ample savings to cover the red tape stuff; perhaps ~ £6000 judging from the above alone.  Add your travel, moving, and living expenses, etc. Best of luck!  Australia sounds exciting.  (Have you considered Canada? ;-)" I'm in the US and I once transferred shares in a brokerage account from Schwab to Fidelity.  I received the shares from my employer as RSUs and the employer used Schwab.   After I quit and the shares vested, I wanted to move the shares to Fidelity because that is where all my other accounts are.  I called Fidelity and they were more than happy to help, and it was an easy process.  I believe Schwab charged about $50 for the transfer. The only tricky part is that you need to transfer the cost basis of the shares.  I was on a three-way phone call with Schwab and Fidelity for Schwab to tell Fidelity what the purchase price was. I think the first step is to contact Carnival Investor Relations. They can give you information about what attempts they have made to pay dividends since the address has changed. There may be some hoops that you have to jump through to get the funds, but the simple answer is to call them and find out. Now assume these shares are vested, held for at least 1 year, and are   then sold for $5 each. Everything I've read implies that the grantee   now owes long-term capital gains taxes on the difference, which would   be 10k * ($5 - $1). No. That's exactly what the SO is NQ for. Read more on the differences between ISO and NQSO here. Now assume these shares are vested, held for at least 1 year, and are   then sold for $5 each. Everything I've read implies that the grantee   now owes long-term capital gains taxes on the difference, which would   be 10k * ($5 - $1). At this point you no longer have NQSO, you have RSU. If you filed 83(b) when  you exercised, then you pay capital gains tax when they vest. If you didn't - its ordinary income to you. NQSO is a red herring here since once exercised they no longer exist. If you didn't file 83(b), then when the stock vests the difference between the FMV at vest and the money you spent on it when exercising (if any) is considered wages and taxed as ordinary income (+FICA etc). From that point the RSU becomes a regular stock investment and the capital gains clock starts ticking. You have to file an application with PF Office. Normally your existing Organisation [which you just quit] helps you with the formalities. If not you would have to complete the same and submit it to the EPFO.