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.
" I am exceptionally happy with the quality of the advice and service that I continue to receive from Chris. I am impressed with his breadth of knowledge and expertise, and his ability to deliver it in a simple to understand manner. Chris is my first financial adviser and he has never given me a reason to look for an alternate. "
Jason Banks - State Manager Home Improvement Retailer