Without the safety net of compulsory superannuation contributions by their employer, many Aussie expats struggle with determining what is the best way to save for retirement while living overseas. Here are five ideas for Australian expats to save for retirement, and one to avoid.
If there is a superannuation bilateral agreement between Australia and the country you are working in, it may be possible for your employer to make compulsory superannuation guarantee contributions into your Australian superannuation fund while working and living abroad.
The rules around superannuation are confusing enough when you are living in Australia, let alone trying to understand what happens to your superannuation when moving overseas. In this article, we try to explain some of the common questions.
As of 31 December 2016, the Australian government is set to take control of an estimated 100,000 “lost super” accounts and pocket the unclaimed money. It could also inadvertently result in thousands of Australians unknowingly having their life insurance policy cancelled.
Retirement planning for many Australian Expats is difficult enough without everyone wanting to take their fee to manage your money including your financial advisor and fund manager, let alone ensuring you are putting your money where it will get the best return. This is a great video that explains the risks of investing for retirement.
Not many of us pay much attention to our superannuation, but did you know just improving the performance of your super fund by 1.0% per annum could increase your superannuation balance by more than 20% over twenty years? And there are some easy ways for all of us to ensure that while we are living […]
So you followed all the advice about putting money away for your retirement. You consulted your accountant and decided to setup a Self Managed Super Fund (SMSF). Then you moved overseas for a few years. Make sure you take good advice. If your SMSF becomes non-complying it could be a costly mistake.