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Repatriating to and retiring in Australia in uncertain times

written by MGD Wealth | August 26, 2022

Promoted by MGD Wealth

2022 has confronted us all with grim economic and financial news, including an inevitable end to the rise in asset prices with most financial markets having fallen significantly in the last six months.  For Australian expats, planning and managing the transition back to Australia has become more complex with increased asset price and currency volatility.

Further, for those within the critical five years prior to retirement, the potential for further investment losses presents a very specific risk: sequencing risk. That risk is where portfolio losses in drawdown accounts can have a very detrimental long-term effect on the longevity of that capital.  This short 2018 whitepaper written by the MGD team explains sequencing risk and some of the ways to mitigate it.

With the significant changes in economic and financial market conditions, having a sound plan is more important than ever so you can stay in control of and on track towards your ideal retirement.  As a society, and personally, we are confronted with the challenges of rising inflation and interest rates, falling share and property prices, and a worsening geopolitical backdrop.

Repatriating to and Retiring in Australia in Uncertain Times from MGD Wealth on Vimeo.

To help you think clearly through the current financial noise and transition back to Australia with minimal turbulence, the MGD Wealth team have shared a six-point plan which you can read here.

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 you can make informed decisions and undertake a successful repatriation.  The article, “What every expat needs to know before returning to or retiring in Australia”, highlights some important questions to ask before returning to Australia, including:

  • What taxation changes apply on becoming an Australian tax resident?
  • Should I buy a house to live in before or after I return to Australia?
  • How do I use Australian superannuation to reduce taxation and build an asset for retirement?
  • How do I integrate insurances and estate planning into my re-entry plan?
  • How do I manage currency, both before and after I return to Australia?

If you would like some guidance on the above questions, click here to read on.

If you need help with your financial repatriation strategy, we welcome you to contact MGD Wealth who specialises in tax and investment planning for Australians living in Australia and expats who plan to return.

Contact details:
MGD Wealth
(07) 3391 5055
[email protected]
www.mgdwealth.com.au

Any advice included in this communication 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. Any tax information refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement.

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