Mitchell Kelsey, Author at Atlas Wealth Management

Why Australian Expats Should Insist on a Fiduciary Financial Planner

Why Australian Expats Should Insist on a Fiduciary Financial Planner – A fiduciary financial planner is a professional who is ethically bound to act in their client’s best interest. They prioritize the financial well-being of their clients above all else, particularly their own personal gains. But why is this designation so critical for Australian expats? Let’s …

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

News / By Mitchell Kelsey

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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The Impact of Australian Expats Overlooking Their Super

News, Superannuation / By Mitchell Kelsey

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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A Guide for Australian Expats Using an Offset Account

Financial Planning, News, Property / By Mitchell Kelsey

Using an Offset Account to Save Money: A Guide for Australian Expats – Australia has a unique mortgage product known as the “offset account”. This financial tool allows borrowers to reduce their mortgage interest by offsetting the balance of their home loan against the balance in a linked transaction or savings account. For Australian expats, …

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Vanguard Australia moves Australian Expats along

Investing, News / By Mitchell Kelsey

Vanguard Australia moves Australian Expats along – Vanguard has recently announced a major update to one of its product offerings that will impact Australian Expats. What has happened? In August, it was announced that investors in the Vanguard direct product offering would be moved to a more enhanced digital platform offering known as the Vanguard Personal …

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Super Contribution Strategy to Reduce Australian Capital Gains Tax

Investing, News, Property, Superannuation / By Mitchell Kelsey

Super Contribution Strategy to Reduce Australian Capital Gains Tax – With Australian house prices accelerating in recent years, the sale of an Australian property by an Australian expat in the current market could result in a significant capital gains tax (CGT) liability with the Australian Tax Office. There are however methods to deploy to to …

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Offset vs Redraw: What An Expat Needs To Know About Debt Structuring

News, Property / By Mitchell Kelsey

Offset vs Redraw: What An Expat Needs To Know About Debt Structuring – with interest rates rising to a 10-year high in Australia, Australian Expats with leveraged investment properties may have thought about temporarily paying down debt to mitigate higher interest costs. This is often prompted by receiving a large lump sum of cash from …

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Australian Expats Guide to Contributing to Superannuation

Financial Planning, News, Superannuation / By Mitchell Kelsey

The ability of Australian expats contributing super whilst living overseas is something we’re often asked about. There continues to be a great deal of misinformation and uncertainty on the subject and so we have prepared a short guide to dispel some of the myths and to allow Australian expats to make informed decisions with respect …

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Transferring your Retirement Savings between Australia and New Zealand

News, Superannuation / By Mitchell Kelsey

Transferring your Retirement Savings between Australia and New Zealand – If you’re planning to move back across the Tasman Sea as a returning Australian expat from New Zealand, or, if you’ve spent time in Australia and returning to New Zealand, you may have thought about transferring your retirement savings from one country to the other. …

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Should I Hold Shares In A Trust As A Non-Resident?

Financial Planning, Investing, News / By Mitchell Kelsey

Should I Hold Shares In A Trust As A Non-Resident? – where and how a Australian expat who is a non-resident for tax purposes should hold their shares is a commonly asked question in the expat community. In this article we run through some of the considersations that take into account the recent ATO Tax …

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Why Australian Expats Should Insist on a Fiduciary Financial Planner

Mitchell Kelsey

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