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719 expat q&a (super, health insurance, property, tax, dual citizenship, repatriating + more)

May 6, 2024
Financial adviser James Ridley joins the podcast to discuss topics such as super contributions while overseas, investing in Australia vs overseas, tax residency considerations, dual citizenship, health insurance for expats, repatriation, and more. The conversation delves into the intricacies of managing finances as an expat and offers valuable insights for Australians living abroad.
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ADVICE

Super Contributions While Abroad

  • Consider saving cash overseas instead of super contributions while abroad.
  • Utilize catch-up contributions upon returning to Australia.
ADVICE

Investment Accounts for Expats

  • If staying overseas for a short period, set up an investment account in Australia.
  • For longer stays, consider deemed disposal to reset the cost base for tax benefits.
INSIGHT

Determining Tax Residency

  • Leaving Australia for 12+ months is a trigger to consider non-residency status.
  • Actions like canceling health insurance and notifying banks signal non-residency.
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