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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 at CH Wealth Management have been excellent to deal with for financial planning, estate planning and insurance. I know Chris will look after me and recommend the best direction for our business and for me personally. "

Stu Richardson - Telstra Store Toowong Licensee