{"id":93893,"date":"2021-11-26T09:00:31","date_gmt":"2021-11-25T22:00:31","guid":{"rendered":"https:\/\/worldofaviation.com\/?p=93893"},"modified":"2021-11-29T15:29:15","modified_gmt":"2021-11-29T04:29:15","slug":"what-every-expat-needs-to-know-before-returning-to-or-retiring-in-australia","status":"publish","type":"post","link":"https:\/\/worldofaviation.com\/2021\/11\/what-every-expat-needs-to-know-before-returning-to-or-retiring-in-australia\/","title":{"rendered":"What every expat needs to know before returning to or retiring in Australia"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone wp-post-93893 wp-image-93894 size-large\" src=\"https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-1024x578.jpg\" alt=\"\" width=\"640\" height=\"361\" srcset=\"https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-770x420.jpg 1024w, https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-300x169.jpg 300w, https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-150x85.jpg 150w, https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-768x433.jpg 768w, https:\/\/worldofaviation.com\/wp-content\/uploads\/2021\/11\/MGD-Wealth-Australia-770x420.jpg 1170w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><span style=\"color: #333399;\"><strong>Sponsored by MGD Wealth<\/strong><\/span><\/p>\n<p>Many of us living and working outside Australia will ultimately want to return to live in Australia: to work or retire, to help with children\u2019s education or parent\u2019s care, or to be closer to friends and an Aussie beach. Having had many conversations with our clients who are still working abroad or who have recently returned to Australia, we are acutely aware that there are many who have accelerated their repatriation due to the COVID-19 pandemic and other seemingly endless challenges that have been presented.<\/p>\n<p>If you are starting to plan your transition to Australia, it is important to have a comprehensive understanding of the tax and financial implications you face so that you can make informed decisions and undertake a successful repatriation. In our article, <a href=\"https:\/\/mgdwealth.com.au\/inbound\/what-every-expat-needs-to-know-before-returning-or-retiring-to-australia\/\"><em>\u201cWhat every expat needs to know before returning to or retiring in Australia\u201d<\/em><\/a>, we highlight some important questions you should ask before coming back to Australia, including:<\/p>\n<ul>\n<li>What taxation changes apply on becoming an Australian tax resident?<\/li>\n<li>Should I buy a house to live in before or after I return to Australia?<\/li>\n<li>How do I use Australian superannuation to reduce taxation and build an asset for retirement?<\/li>\n<li>How do I integrate insurances and estate planning into my re-entry plan?<\/li>\n<li>How do I manage currency, both before and after I return to Australia?<\/li>\n<\/ul>\n<p><a href=\"https:\/\/mgdwealth.com.au\/inbound\/what-every-expat-needs-to-know-before-returning-or-retiring-to-australia\/\">If you\u2019d like some guidance on the above questions, click here to read on<\/a>.<\/p>\n<p>As you start to plan your repatriation, you will be required to make several important decisions and what you decide can have a significant impact on your finances and your future. Having a robust decision-making framework that can help you assess the long-term effect of one decision compared to another is critical. Our recent paper, <a href=\"https:\/\/mgdwealth.com.au\/predicting-the-future-the-compelling-insights-of-personal-financial-modelling\/\"><em>\u201cPredicting the Future\u201d<\/em><\/a>, explores how professional financial modelling can add clarity and purpose to financial decision-making. It also speaks specifically to those who are planning the timing of their retirement.<\/p>\n<p><a href=\"https:\/\/mgdwealth.com.au\/predicting-the-future-the-compelling-insights-of-personal-financial-modelling\/\">Click here to access the full paper<\/a>.<\/p>\n<p>If you\u2019d like to explore more of our content or past webinars that address some of these important considerations, please <a href=\"https:\/\/mgdwealth.com.au\/inbound-planner\/\">visit our website<\/a>. Of course, if you would like to discuss anything in person or would like assistance with your repatriation planning, please let us know by emailing us at connect@mgdwealth.com.au or calling our office on (07) 3391 5055 (Brisbane) or (02) 8039 0544 (Sydney) and we can arrange a suitable time<\/p>\n<p><em>Disclaimer: Any advice included in this article is general and has been prepared without taking into account your objectives, financial situation or needs. As such, you should consider its appropriateness having regard to these factors before acting on it. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement. Any tax information in this article refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGD Wealth discusses the tax and financial implications residents face before returning home as COVID border rules begin to ease worldwide. <\/p>\n","protected":false},"author":3510,"featured_media":93894,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cloudinary_featured_overwrite":false,"footnotes":""},"categories":[43],"tags":[2099],"_links":{"self":[{"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/posts\/93893"}],"collection":[{"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/users\/3510"}],"replies":[{"embeddable":true,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/comments?post=93893"}],"version-history":[{"count":1,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/posts\/93893\/revisions"}],"predecessor-version":[{"id":93895,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/posts\/93893\/revisions\/93895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/media\/93894"}],"wp:attachment":[{"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/media?parent=93893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/categories?post=93893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldofaviation.com\/wp-json\/wp\/v2\/tags?post=93893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}