What is Taxable Australian Property for Aussie Expats

As the expression goes, there are only two certainties in life, death, and taxes, and this applies whether you’re an Australian resident or an Australian expat living and working overseas. From the many conversations that our team at Ally Wealth Management have had with Australian expats over the years, we know that there’s a lot

Main Residence Exemption Denied for Aussie Expats

The Main Residence Exemption (MRE) has officially been scrapped for Australian expats and other non-residents that own property in Australia. On the 5th December 2019, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 was passed without amendment. This was originally proposed in the 2017/18 Federal Budget, which effectively meant that if

By |2021-09-15T08:39:31+08:00September 15th, 2021|Australian Expats, Property Investment, Tax|0 Comments

Why Should I Protect My Greatest Asset?

When asked the question - "What is your greatest asset..?" - many will answer that it's their family, or their home, or something different altogether, but the fact is that for most of us, our most precious asset is time. In relation to our personal finances, we relate this 'time' to our ability to earn

By |2021-09-09T08:55:03+08:00September 9th, 2021|Australian Expats, Insurance|0 Comments

The Bank of Mum & Dad

The Bank of Mum and Dad, the expression commonly referring to parents lending their children money, usually to cover the deposit on their first home, is now one of Australia’s largest lenders, according to research from Digital Analytics. The size of the loan book equates to over $35 billion, and given the rising property prices

Life Insurance for Australian Expats

One of the most important considerations if you’re looking to become an Australian expat or you’re already living overseas is to review your personal insurances and ensure that both you and your family would be protected in the event that the unexpected was to strike. We’re not referring to basic health insurance here to cover

How Do I Consolidate My Superannuation?

At the most recent estimate in March, 2021, it was suggested that there’s approximately $13.8 billion of Australians’ hard-earned dollars out there in lost and unclaimed superannuation. Given that superannuation is one of, if not the most tax-efficient way that most Australians have to save for their retirement, this figure is certainly alarming for a

Australian Expat Travel Exemption Revoked

Since Covid-19 wreaked havoc on the world, travel to and from Australia for many Australian expats has largely been possible, with the exemption being allowed for that if you’re an Australian citizen or Permanent Resident (PR) who normally resides in another country, you would be free to leave Australia without the requirement to apply. This

Ally Wealth Management Turns 1

Ally Wealth Management celebrates its 1st Birthday. South-Perth based, Australian expat and resident financial planning firm, Ally Wealth Management celebrates its first birthday this Sunday, 8th August 2021. Ally Wealth Management was established by Australian expats, who have years of first-hand experience of what it’s like to move to a new country, learn the local

Preparing for Your Repatriation to Australia

Australia is often described by many outside of the country as a ‘big, beautiful sandpit’, and it’s precisely this natural beauty, coupled with our relaxed way of life, easy-going nature, and outdoor lifestyle that make it appealing for many Australian expats to return home, whether to work or retire. Since Covid-19 started wreaking havoc on

By |2021-08-04T06:48:29+08:00August 4th, 2021|Australian Expats, Expats|0 Comments

Ally’s Personal Finance Reading List

With many countries around the world in some form of lockdown and travel restrictions in place for most Australian expats across the globe, this can be a great opportunity for you to brush up on your personal finance knowledge. One of the things that I love about jumping on a plane, whether it be a

Go to Top