Australian Expat Case Study
Client situation:
Tim is 27 years of age and has just moved to China where he envisages that he will spend the next 5 years of his life. Tim envisages he will be able to save around $100,000 AUD per year. Before departing Australia for China, Tim purchased a house. He is now renting the house.
Client Advice:
- Ascertain Tim’s Australian tax residency status.
- Determine a strategy to send money back to Australia at a favourable exchange rate.
- Look at investing in Australian equities. This will take advantage of the capital gains tax exemption.
- Determine whether personal insurance policies are still valid while living in China.
- Consider possible gearing.
"Chris and his team have helped tremendously in organising my income protection insurance and ensuring my cover is held in the most tax effective manner. The process was very straight forward and all insurance options were explained clearly so I was able to make an informed decision on what cover I wanted. "
Adam Brady