Working overseas an as Australian expat presents itself with a lot of opportunities, including career development, life experiences and potentially improving your financial wellbeing.
However, one issue that must be managed is that you will most likely be earning most your income in a foreign currency rather than in Australian Dollars (AUD).
When you leave Australian shores, more than likely you will still have financial obligations in Australia to maintain.
Some of these may include:
Repatriating money back to Australia for savings.
Paying for school fees in Australia.
Repayments on your home or investment property loan.
Transferring money to family members back in Australia.
Sending money overseas can be expensive if you are using the major banks. Atlas Wealth Management has partnered with two of the leading foreign exchange specialists to assist clients in reducing the cost of making these transfers: OFX (formerly OzForex) and WorldFirst.
Click on the images to learn more about each of the companies and obtain obligation free quotes on your transfers.
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General Advice Disclaimer
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Atlas Wealth Management Authorised Representative before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Atlas Wealth Management nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.