More often than not the inevitable reality for Australian expatriates in China (and around the globe) is that the time will come when you need to return home.
When it comes to managing your finances and assets across borders, it’s not a case of ‘out of sight out of mind’.There is a lot you can be doing whilst overseas to ensure your return home is smooth and profitable.
Common questions we get from expats abroad:
- When do I need to start thinking about my repatriation check list?
- What opportunities do I have to use Superannuation when I return home?
- When do I need to review my Will to take into account my circumstances in China before returning to Australia?
- What is the implication of overseas assets and how should I return them?
- When do I become tax resident in Australia?
- What is the outlook for interest rates, property and the global economy that could affect my return?
Our Wealth and Tax specialists can help you with the following action points you should be considering as part of your repatriation process:
- Understanding the benefits of planning ahead
- Superannuation in Australia
- On-going portfolio advice
- Maximising contribution strategies
- Importance of nomination of beneficiaries
- Personal Succession and Estate Planning
- Estate planning strategy
- Wills – Australia based
- Wills – China based
- Australia based power of attorney option
- Repatriation and the Transfer of Money
- Exchange rate advantages
- Asset Sales
- Tax Effective Structuring in Australia & SMSFs
- Family Trusts
- Corporate Entities
- Retirement planning for repatriation