Welcome to the one hundred and ninth episode of the #Expatchat podcast and the first one for 2024 where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about the lessons we learned in 2023 and how we can use that in the coming year to our advantage.

We also run through some questions that have been posted in our Australian Expat Financial Forum Facebook group which you can join if you are not laready a member in the link below.

The 2023 calendar year had it all with worldwide discussions about hard landings, interest rate movements, recessions and the conflict between Israel and Hamas.

One of the things it did teach us was that if the above list deterred you from investing or staying invested you would have lost out from some healthy returns in the market as investors looked past this towards a future of reducing interest rates, inflation settling and hopefully a peace deal in the Middle East.

In this episode we run through the following topics:

• What are some of the takeaways from 2023?

• Did investors make money in 2023?

• Question time from our members in our Facebook group

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and eighth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we do a recap on the 2023 calendar year and discuss the major topics that expats had to deal with.

This year we had a wide variety of geo-political events combined with the world economies exercising their monetary and fiscal policies to curb the inflation most economies have been experiencing.

In this episode we run through the following topics:

• What are some of the takeaways from 2023?

• Whereto for investors in 2024?

• What are interest rates going going to do over the next 12 months?

• Will we see the new tax residency rule changes come into effect?

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and seventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about when does an Australian expat need to lodge a tax return.

There is a lot of conflicting information out there about this topic which causes the confusion amongst expats and the answer is that some Australians do need to lodge tax returns whilst others don't.

Typically you are taxed in Australian on what is called Australian sourced income (for example rental income, termination payouts, deferred income from employer shares etc) so if you have earned this type of income you will have to lodge a tax return.

In this episode we run through the following topics:

• Does an Australian expat need to lodge a tax return?

• What qualifies as Australian sourced income?

• What if my trading platform or bank does not know I am overseas?

• Is a HECS/HELP debt lodgement the same as a tax return?

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and sixth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we revisit the topic of the Main Residence Exemption and the confusion amongst Australian expats that still surrounds the changes that came into play on the 1st of July 2020.

With many Australian expats owning property when they leave Australia, especially their former principle place of residence, how this asset is treated when you are a non-resident for tax purposes is completely different to that of an Australian tax resident.

The premise behind the Main Residence Exemption is that you can live in a property that you make your principle place of residence, move out of it and rent the property for up to 6 years and should you chose to sell it in that period you do not pay capital gains tax.

However should an Australian expat follow this path not only will they pay capital gains tax when they are a non-resident for tax purposes but they will potentially pay it all the way back to the day that they purchased it, not when they left the country.

In this episode we run through the following topics:

• How does the Main Residence Exemption work?

• How do the changes in 2020 affect Australian expats?

• Sample scenarios of Australian expats retaining or selling their former principle places of residence.

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and fifth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about where Australian expats should direct their surplus cash - to their super fund, pay off their mortgage, in a investment account or put it into a term deposit.

The answer maybe one, two or all of the above and what you chose will be dictated based on your liquidity requirements as well as the intentions of the funds.

The other large considersation are the tax consequences. Paying off your mortgage may make you feel good but what about when you get the tax bill at the end of the financial year.

What are the tax implications of either strategy?

In this episode we run through the following topics:

• Pros and cons of putting money in superannuation

• Pros and cons of paying off a mortgage or putting excess funds in a offset account?

• Pros and cons of setting up an investment account

• Pros and cons of putting money in a term deposit

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and fourth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about foreign pensions and what Australian expats need to know when managing and repatriating them.

Many Australians will accrue some form of foreign pension when they live and work overseas, whether it is a 401k, Canadian RRSP, UK pension, End of Service Benefit, Provident Fund and many others.

But what can cause confusion is what should you do with them when you are looking to move back to Australia.

Do you leave them where they are or should you try and move them home?

What are the tax implications of either strategy?

In this episode we run through the following topics:

• What is the ATO's position on foreign pensions?

• Do you move them back before you return or later on?

• What are the tax implications of either strategy?

Links that we discussed in this episode include:

• Upcoming Webinars - https://atlaswealth.com/events

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and third episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we answer some questions that have been posted on our Australian Expat Financial Forum Facebook Group.

The Facebook group is a great place for Australian expats to ask their questions as well as share information when it comes to managing their finances when living overseas.

With over 2,500 Australian expats in the group there is a different perspective for many of the locations that Australians live.

In this episode we run through the following topics:

• Should you transfer your super fund to the UK?

• Do you need to pay tax on your Australian superannuation account when living in the US?

• How to manage your tax credits as a expat?

• Handling banks when they request your foreign Tax Identification Number (TIN)?

Links that we discussed in this episode include:

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and second episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about why timing can make the difference of thousands, tens of thousands and sometimes hundreds of thousands of dollars for Australia expats.

The nature of an Australian expat means that we are always moving, sometimes staying in one location longer then the other however what this moving means is that in order to optimise your finances you need to ensure that your timing of events is structured in a way that ensures you don't experience any unintended consequences.

Australian expats sometimes fail to understand that by timing different actions at different stages when managing your finances can have a drastic affect on your wealth.

In this episode we run through the following topics:

• Does it make a difference if I sell or redeem an asset in one country or another?

• Doesn't the Double Taxation Agreement protect me from advserse tax events?

• Why should I ensure that I am planning 6-12 months out before repatriating to Australia?

Links that we discussed in this episode include:

• Australian Expat Tax and Finance Briefing Webinar for 2023 - https://atlaswealth.com/news/australian-expat-tax-and-finance-briefing-for-2023-webinar/

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundred and first episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we have a guest on Edward Cole from Cross Border Financial Planning USA talk about a general overview of what Australian expats need to know and understand about US Retirement accounts and the exit tax.

Every year many Australian head over to the US on an E3, L1 or Green card visa.

Understanding your retirement options is paramount for long term planning, especially with no one paying in your superannuation any more.

We deep dive into different strategies around taxable accounts when it comes to forming a long term investment strategy.

We discuss the shift to moving overseas back to Australia and how the exit tax might apply.

In this episode we run through the following topics:

• Different types of investment accounts:

- Types of investment accounts in the US

- How they differentiate from the US retirement accounts

- How capital gains tax can apply to selling different investments.

- How taxable accounts paly a part in a broder investment plan

• The change and transition back to Australia:

- What happens if someone moves back to Australia

- The Exit Tax and the impact of the HEART Act

- Who does it apply to and what you need to be mindful of

- Is renouncing US citizenship the right decision for you and what that means for long term US Estate taxes.

Links that we discussed in this episode include:

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt

Welcome to the one hundredth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about the importance of wills and enduring powers of attorneys (EPOA's) for Australian expats.

When we move overseas it is quite easy to forget about what would happen to our estates should the worst occur - a death of you or a loved one in the family.

However its not until you are experiencing such a troubling time that you wished that these matters were addressed beforehand.

Statistically speaking not many Australian residents have wills and the number of expats we meet are even less which is cause for concern.

In this episode we run through the following topics:

• Do I need to have a will as a Australian expat?

• Do I need to have a will in each country that I hold a asset in?

• If I am a beneficiary of a will and live overseas how will this be treated?

Links that we discussed in this episode include:

• Inheriting assets as a expat - https://atlaswealth.com/news/considerations-for-expats-inheriting-australian-assets/

• Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/

• Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.

Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-management

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthmgmt