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

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

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

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

Preparing an Emergency Fund as an Aussie Expat

“To expect the unexpected shows a thoroughly modern intellect” -           Oscar Wilde As the expression goes, one of the key certainties of life is uncertainty, and this certainly holds true for Australian expats living and working all over the world. When it comes to planning for the unexpected and any emergencies that may come up,

Why is Singapore a Popular Destination for Aussie Expats

While the Covid-19 pandemic has certainly created turmoil for many, Singapore remains one of the more popular destinations for Australian expats to relocate to. Whether it be to start a new business, progress in their chosen career or simply for a change of scenery, this little red dot continues to lure Australians in. With over

Deemed Disposal of Shares for Australian Expats

If you’re currently living and working in Australia and are considering a placement offshore, or if you’re currently an Australian expat, then it’s important to consider what happens to your shares and other assets when you depart and repatriate to Australia. This is what is referred to as the Deemed Acquisition and Deemed Disposal rules.

End of Financial Checklist for Australian Residents and Expats

As we rapidly approach the end of another financial year in Australia, it’s a great time to be looking at whether you should consider your options to reduce your tax liability at home. While we believe that everyone should pay the tax that they are liable for, we don’t expect anybody to have to pay

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