returning to australia

Returning to australia

After enjoying the expatriate lifestyle and you are returning to Australia, there are several financial considerations that need to be addressed well before you pack your bags and get on the plane.

As part of our Repatriation Review service we outline the key areas that need addressing in the expats financial circumstances. This review may include but is not limited to the following areas:

Retirement savings & Superannuation

if you have been working overseas for some time there is a chance you may have accumulated some retirement savings in a product equivalent to the superannuation system that is in Australia. Due to the different rules and regulations, as well as costs, it may or may not be beneficial to transfer this to Australia and amalgamate it with your existing superannuation account.

Overseas Investments

whilst overseas you may have accumulated several investments which could include listed shares and properties. When deciding whether to keep the investments or not you have to consider your investment objectives, ability to maintain and service the investment, and outside influences which could turn your retirement nest egg into a poor performing asset. Some of these influences could include currency changes, local economic stability and Australian Taxation Office’s classification of that investment. As an example, if you were working in a non-tax environment then the investment may have been generating an appealing return but once you return to Australia and start paying tax on it you may find that it isn’t generating a sufficient after tax return on investment to warrant the risk.

Transferring Assets

when it comes time to move, you will need to arrange for the transfer of cash back to Australia. There are several different options available to you including using a local/international bank or a dedicated foreign exchange service. Atlas Wealth Management can assist in arranging this for you.

Non-Resident Tax Status

have you made the most of your non-resident tax status before you make the move back to Australia?

We often find that once our clients return to Australia that they continue to utilise our services and receive our financial advice.

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returning to australia

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.