Following our Treasurer, Josh Frydenberg’s comments that they stood by their policy to remove the main residence exemption for Australian expats and other foreign residents, the retrospective Bill is back. While most of the proposed amendments are the same as was originally announced in the 2017-18 Federal Budget, the key change is that the deadline [...]
Over 2.7 million Australians are hiding purchases from their partners equating to approximately $1.6 billion each and every year that’s not being disclosed. It’s no wonder that financial stress levels amongst Australians are so high and that arguments over personal finances are one of the leading causes of relationship breakdowns. This week I explore some [...]
When it comes to Critical Illness coverage in Singapore, the average person only has approximately 20% of what they require accordingly to a recent study released by the Life Insurance Association (LIA). The study revealed that the average working individual in Singapore has just $59,776, while the LIA recommends that you need $316,603, a staggering [...]
One of the most common questions I am asked by Australian expats new to Singapore is what to do about private health insurance. “Which health insurance company do I choose..?” “What do I do with my Australian health insurance..?” “What happens when I decide to move back to Australia..?” These are all relevant and important [...]
For many Australian expats, a great deal of travel is simply part of the expat experience, and for many, this means a great deal of time spent at airports and onboard planes. Whether you’re travelling for work or holiday, living in Singapore or elsewhere as an Australian expat, or you’re living in Australia but travel [...]
Australians’ love affair with property remains strong, and for many will be the largest asset within their portfolio. The value of the Australian residential property market is currently sitting at approximately $6.4 trillion, while the value of our superannuation system is just $2.8 trillion. When it comes to investing in property in Australia, it’s important [...]
Divorce and separation is an increasingly common factor in our lives these days with figures often quoted of 40 – 50% of marriages ending this way. Whether these figures are accurate or not, there is little debate about the emotional and in many cases, financial, turmoil that can be caused. While there may not be [...]
“It was my fear of failure that first kept me from attempting the master work. Now, I’m beginning what I could have started ten years ago. But I’m happy at least that I didn’t wait twenty years.” Paulo Coelho Preparing your estate planning and considering what would happen to your family and loved ones [...]
Australian expats may not be out of the woods with the removal of the main residence exemption Bill just yet. It was hoped for that the previous Bill would have been scrapped to remove the exemption for Australian expats in the most recent Budget, however this was not the case. Further to this, Treasurer Frydenberg [...]
The end of the Australian financial year is rapidly approaching and it’s important to explore your options to reduce your taxable income in Australia sooner rather than later. Many Australian expats will ignore their tax position in Australia assuming that either there is nothing that can be done, or they simply don’t have the time [...]
