What Do I Do With My Superannuation If I'm Moving to Australia
Vložit
- čas přidán 8. 12. 2022
- "What should I do with my #superannuation when I'm planning to return to Australia..?"
"How can I roll over my overseas investments into my super fund..?"
"Are there any tax advantages for expats when it comes to superannuation..?"
When it comes to planning for your return to Australia, superannuation is a key piece of the puzzle and shouldn't be overlooked.
In this video, I share my top tips for superannuation when it comes to preparing to repatriate to Australia.
#youtube #subtitles #video #super #retirement #retirementplanning #asutralianexpats #aussieexpats #repats #aussierepats #jarradbrown #australianexpatfinancialplanner
About Jarrad Brown:
Jarrad Brown is an Australian-trained and experienced Fee-Based Financial Planner with Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to Australian expatriates in Singapore. Subscribe to this CZcams channel for his latest tips and updates for Australian expats when it comes to making informed financial choices for their time abroad. Jarrad Brown is an Authorised Representative of Global Financial Consultants Pte Ltd - No: 200305462G | MAS License No: FA100035-3
☞ Book a complimentary meeting or get in touch with Jarrad Brown:
linktr.ee/jarradbrown
You may also be interested to check out the following:
- Don't Become a Mortgage Prisoner: • How Can I Avoid Becomi...
- Should I Buy My Forever Home Before Repatriating? • Should I Buy My Future...
- How Do I Consolidate My Superannuation?: • How Do I Consolidate ...
General Information Only: The information on this site is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision.
*Please note that Jarrad Brown is not a tax agent or accountant and none of the content outlined here should be taken as personal advice. You should consult your tax agent and financial adviser to review your current personal finances and financial goals to consider whether this strategy is appropriate for you.
If i cut become a non Resident for tax purposes in Australia and move to Europe and live there can i still have a SMSF in Australia for up to 2 years?
Great question Paul, and certainly one that can impact many.
For the SMSF to be a compliant Australian super fund, it must meet three conditions, one of which is that the Central Management and Control are within Australia, which allows for it to be temporarily outside for up to 2 years.
You can find out more here - www.ato.gov.au/super/self-managed-super-funds/setting-up/check-your-fund-is-an-australian-super-fund/
It's a good idea to get advice from your Accountant / Tax Agent here to ensure that you don't breach the requirements as the penalties can be particularly severe, and you don't want to see hard-earned superannuation dollars going to waste with unnecessary tax bills.
@@AustralianExpatFinance Thank you for your Quick feedback. Do you believe it is very important to exit the Australian tax system before leaving Australia to live somewhere else. I know some crypto guys that are not worried about this and leaving. I'm trying to do the right thing but I'm only a small fish at the moment. Sorry, Different sort of question here.
@@paulcostello7200 That's a VERY broad question Paul and there is so much to consider.
I would always recommend that everyone comply with the tax rules, and ensure that whichever strategy you adopt puts you in the best position financially. Whether it makes more sense to continue paying tax in Australia or exit the Australian tax to pay tax elsewhere varies case by case.
This is where I would suggest getting some personal advice tailored to you to ensure that all factors are considered.