Tokyo is the world’s most expensive city for expatriates, pushing Luanda, Angola, down to second position, according to Mercer’s latest Cost of Living Survey. Osaka is in third position, up three places from last year, whereas Moscow remains in fourth and Geneva in fifth positions. Singapore and Zurich share sixth place, up two and one […]
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In a move that was widely anticipated by the financial markets, the Reserve bank of Australia has today dropped interest rates with a decrease of 25bps that will bring the official cash rate down to 3.50%. As a result of this move the currency markets have reacted accordingly with the Australian Dollar trading at $0.9771
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Changes to the Living Away From Home Allowance (LAFHA) 22/05/2012 – Yesterday the Australian Government Treasury released Exposure Draft legislation for the changes to the taxation of living away from home allowance. These changes were previously announced in the 2011 Mid-Year Economic and Fiscal Update and the 2012/13 Federal Budget. Living Away From Home
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Federal Budget Report for 2012 – Australian Expat Edition The Federal Budget Report for 2012 – Australian Expat Edition is in its first year. The 2012/13 Budget was framed against an intriguing background; a Government in trouble and a two speed economy, both desperately seeking traction. In the past two budgets, the Labor government
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Superannuation Tax Breaks Will Be Cut In May Superannuation tax breaks will be cut as part of plans to bring the budget back to surplus, The Australian newspaper reports. The enormous tax concessions are set to be scaled back after a key budget committee ruled that retirement savings should be subjected to wider cutbacks,
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What’s Your Superannuation Been Up to While You Are Away? A question for all Aussie expats – what’s your superannuation been up to while you are away? When you decide to make the big move overseas and become an Australian expat, there are the usual tasks that people cover off , like arranging
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When researching your next expatriate posting, one of the first things people need to look at is the cost of living in the new location. For seasoned expats this may seem like an obvious thing to do however for those new to the expat lifestyle it can be a trap. According to the 2011 Mercer’s
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When Is A Financial Adviser not a Financial Adviser? Probably one of the most common questions that we get asked when we meet a new client for the first time is what is the definition of a financial adviser? According to Wikipedia, the definition of a financial adviser is: “…a professional who renders financial services
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