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Cost of Living: Australia vs. the United Arab Emirates (UAE)

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Cost of Living: Australia vs. the United Arab Emirates (UAE)

Cost of Living: Australia vs. the United Arab Emirates (UAE) – As globalization fosters closer ties between nations, many professionals and families find themselves contemplating a move across continents. Among the many countries that are popular destinations for expats, Australia and the United Arab Emirates (UAE) stand out due to their robust economies and high living …

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thailand taxing australian expats

Thailand to Begin Taxing Foreign Income Remitted into the Country by Australian Expats

Thailand to Begin Taxing Foreign Income Remitted into the Country by Australian Expats – Recent changes by the Thai Revenue Department mean Australian Expats could be subject to Personal Income Tax (PIT) on foreign-sourced income brought into Thailand from 1 January 2024. This includes income such as rental income on Australian properties or investment income from …

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australian expat singapore SRS

Should an Australian Expat in Singapore Set Up a Supplementary Retirement Scheme (SRS) Account?

Should an Australian Expat in Singapore Set Up a Supplementary Retirement Scheme (SRS) Account? – Australia and Singapore are two nations that offer robust financial frameworks for citizens and residents to secure their financial futures. For an Australian expatriate residing in Singapore, the prospect of joining Singapore’s Supplementary Retirement Scheme (SRS) can be tempting. But is …

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redraw offset australian expats

Redraw vs. Offset Account: Tax Implications for Australian Expats

Redraw vs. Offset Account: Tax Implications for Australian Expats – As an Australian expat, managing your finances efficiently is crucial to secure your financial future while living abroad. Two popular options for optimizing your home loan are redraw facilities and offset accounts. While both can help you save on interest payments and pay off your mortgage …

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australian expat financial planner

The Importance of an Australian Expat Working with a Specialised Financial Planner

The Importance of an Australian Expat Working with a Specialised Financial Planner – As Australian expats venture out globally, their financial landscapes drastically shift. These changes, while exciting, can also lead to complexity and unforeseen challenges. To navigate this intricate web, it is pivotal for Australian expats to consult with a specialised financial planner. Here’s why: …

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australian expat will

Australian Expats: Organising a Will and a Enduring Power of Attorney

Importance of Australian Expats Organising a Will and Enduring Power of Attorney – For Australians living abroad, the complexities of international lifestyles can sometimes push essential legal matters to the background. Among these, the significance of writing a will and establishing an enduring power of attorney (EPOA) often remains overlooked. However, these documents are critical in …

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australian expats smsf

Why Australian Expats Can’t Set Up a SMSF to Buy Property

Why Australian Expats Can’t Set Up a Self Managed Super Fund (SMSF) to Buy Property in Australia – Over the past few years, Self Managed Super Funds (SMSFs) have grown in popularity as a vehicle for Australians to take control of their retirement savings. One attractive proposition for many is the ability to invest in property. …

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australian expats super

The Impact of Australian Expats Overlooking Their Super

The Hidden Cost: The Impact of Australian Expats Overlooking Superannuation – Superannuation is a key component of Australia’s retirement framework, designed to ensure that Australians have enough money to retire comfortably but for the hundreds of thousands of Australian expats, managing super effectively can often fall by the wayside. The opportunity cost associated with not …

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Australian Expats: Think Twice Before Renovating Your Property

Why Australian Expats Should Think Twice Before Renovating Their Property Back Home – For many Australian expats living abroad, the idea of renovating their property back home can seem like a solid investment. Whether the property is an asset they left behind, a recent purchase, or even an inheritance, it’s tempting to improve its value and …

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medicare Australian overseas

Medicare for Australian Citizens Living and Working Overseas

Medicare for Australian Citizens Living and Working Overseas – Medicare is the universal healthcare system in Australia, providing access to a wide range of medical and hospital services. But what happens when an Australian citizen moves abroad to live and work? Can they still avail of Medicare benefits upon their return or during short visits? …

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