Tax Financial Planning for Australian Expats

Tax Financial Planning is important for Australian Expats because the Australian tax rules that apply to you while living overseas differ greatly from the rules that apply to those living in Australia. 🌍✈️

In this short video, Mitchell Kelsey discusses three concepts relating to tax planning for Australian Expats to be aware of when it comes to managing finances abroad:

🔎 Tax rates: Foreign resident tax rates apply to Australian Expats. This means you are not afforded the tax-free threshold on your Australian-sourced income.

🧑‍🧑‍🧒‍🧒 Ownership structures: Setting up the optimal ownership structure for your assets from the beginning is critical to the long-term success of your financial planning. Structures such as a Company or trust may be far less effective when used by Australian Expats.

💪🏼 Strategies: Timing your financial transactions strategically with the guidance of a Financial Adviser can save you thousands in tax.

To learn more about how we integrate tax financial planning into our advice strategies, check out the link below: https://www.runwaywealth.com/expat-ta...

General Advice Disclaimer: The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any recommendation without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances.