Welcome to the one hundred and eleventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about how to qualify to become a non-resident and what is the actual process that Australian expats must follow to notify the ATO. Qualifying to become a non-resident for tax purposes with the ATO isn't as simple as you think. With the current rules dating back to 1936 (when you used to jump on a ship to become a expat) there is some interpretation required which is why the Board of Taxation recommended the A ..read more

Welcome to the one hundred and tenth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about the lessons we learned in 2023 and how to make the most of the opportunities in 2024. Looking back on 2023 investors were trying to navigate markets that were fixated on hard and soft landings in the world economy's and unfortunately many investor chose to sit on the sidelines due to the uncertainty which resulted in them missing out on a great year of returns. So how do investors avoid repeating this expe ..read more

Welcome to the one hundred and ninth episode of the #Expatchat podcast and the first one for 2024 where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about the lessons we learned in 2023 and how we can use that in the coming year to our advantage. We also run through some questions that have been posted in our Australian Expat Financial Forum Facebook group which you can join if you are not laready a member in the link below. The 2023 calendar year had it all with worldwide discussions about hard landings, interest rate movements, r ..read more

Welcome to the one hundred and eighth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we do a recap on the 2023 calendar year and discuss the major topics that expats had to deal with. This year we had a wide variety of geo-political events combined with the world economies exercising their monetary and fiscal policies to curb the inflation most economies have been experiencing. In this episode we run through the following topics: • What are some of the takeaways from 2023? • Whereto for investors in 20 ..read more

Welcome to the one hundred and seventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about when does an Australian expat need to lodge a tax return. There is a lot of conflicting information out there about this topic which causes the confusion amongst expats and the answer is that some Australians do need to lodge tax returns whilst others don't. Typically you are taxed in Australian on what is called Australian sourced income (for example rental income, termination payouts, deferred income f ..read more

Welcome to the one hundred and sixth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we revisit the topic of the Main Residence Exemption and the confusion amongst Australian expats that still surrounds the changes that came into play on the 1st of July 2020. With many Australian expats owning property when they leave Australia, especially their former principle place of residence, how this asset is treated when you are a non-resident for tax purposes is completely different to that of an Australian tax ..read more

Welcome to the one hundred and fifth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about where Australian expats should direct their surplus cash - to their super fund, pay off their mortgage, in a investment account or put it into a term deposit. The answer maybe one, two or all of the above and what you chose will be dictated based on your liquidity requirements as well as the intentions of the funds. The other large considersation are the tax consequences. Paying off your mortgage may make ..read more

Welcome to the one hundred and fourth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about foreign pensions and what Australian expats need to know when managing and repatriating them. Many Australians will accrue some form of foreign pension when they live and work overseas, whether it is a 401k, Canadian RRSP, UK pension, End of Service Benefit, Provident Fund and many others. But what can cause confusion is what should you do with them when you are looking to move back to Australia. Do you l ..read more

Welcome to the one hundred and second episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about why timing can make the difference of thousands, tens of thousands and sometimes hundreds of thousands of dollars for Australia expats. The nature of an Australian expat means that we are always moving, sometimes staying in one location longer then the other however what this moving means is that in order to optimise your finances you need to ensure that your timing of events is structured in a way that e ..read more

Welcome to the one hundred and first episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we have a guest on Edward Cole from Cross Border Financial Planning USA talk about a general overview of what Australian expats need to know and understand about US Retirement accounts and the exit tax. Every year many Australian head over to the US on an E3, L1 or Green card visa. Understanding your retirement options is paramount for long term planning, especially with no one paying in your superannuation any more. We ..read more