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Superannuation Contribution Limits to Increase from 1 July 2024

Superannuation

superannuation contribution

Superannuation Contribution Limits to Increase from 1 July 2024

Superannuation Contribution Limits to Increase from 1 July 2024 – From 1 July 2024, the amount Australian Expats can contribute to their superannuation fund will change, providing increased opportunities to save for retirement and minimize Australian tax payable. The indexation of Australia’s superannuation contributions caps is linked to increases in average wage growth in Australia, as …

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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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destinations australians retire

Top Destinations for Australians to Retire

Top Destinations for Australians to Retire – For many Australians, the thought of retiring abroad conjures up images of sun-drenched beaches, lush landscapes, and a life of leisure that doesn’t break the bank. With the world being more connected than ever before, retiring overseas has become a viable option for many. Here are some of the …

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singaporean cpf australian expat

Australian Expats: Singaporean CPF vs Australian Superannuation

The Singaporean CPF vs. the Australian Superannuation Scheme: Differences and Tax Implications When Retiring in Australia – The Singapore CPF scheme and Australian Superannuation Scheme are integral to the financial planning of their respective citizens including Australian expats. Though both schemes are designed to provide financial support in retirement, they differ in their structures, objectives, …

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retiring UK australian superannuation

Australian Expats Retiring in the UK and Drawing Income from Australian Superannuation

Australian Expats Retiring in the UK and Drawing Income from Australian Superannuation – Retiring overseas is a dream for many Australians, and the UK, with its rich history and close ties to Australia, is a popular choice. However, retiring in a foreign country comes with its own set of financial complexities, especially concerning tax obligations. For …

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australian expats retiring france

Australian Expats Retiring in France with a Superannuation

Tax Considerations for Australian Expats Retiring in France with Australian Superannuation Allocated Pensions – When Australian expats are retiring and deciding to hang up their boots in France, either in the picturesque countryside or by the bustling streets of Paris, they are often left with a maze of tax considerations to navigate. One of the primary …

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expat superannuation shares australia

Expat’s Guide to Superannuation vs Direct Shares in Australia

Expat’s Guide to Superannuation vs. Direct Shares in Australia – As Australian expats, diving into work and embracing the expat lifestyle in a post-COVID-19 era, it becomes crucial to grasp the nuances of financial options available for wealth growth. Especially for those of us eyeing a potential return to the Australian shores, it’s imperative to align …

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australian expat super overseas

Can Australian Expats Take Their Super When Moving Overseas?

Can Australian Expats Take Their Super When Moving Overseas? – When Australian expats decide to move overseas for work, retirement, or other reasons, one of the primary financial questions that arise is about their super – specifically, whether they can take it with them. Superannuation is Australia’s mandatory retirement savings system, and over the course …

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super capital gains tax

Super Contribution Strategy to Reduce Australian Capital Gains Tax

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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