Expat Chat Ep 46 - Can You Get Free Expat Financial Advice

05/19/22 • 24 min

Welcome to our forty sixth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat. In today's Expat Chat we discuss can a Australian expat get free financial advice and what are the catches with those who are offering such a service. For those Australian expats based in the Middle East or Asia they would be well accustomed to the unprompted introductions that they receive from the army of offshore financial advisers or OFA's as they are commonly known as. You know the sales pitch they run with: don't invest money back in Australia as you will be classified as a resident for tax purposes, investing in superannuation is a condition of tax residency, you need to invest offshore to grow your money and avoid paying capital gains tax both for the duration you are away as well as when you return back to Australia. And like we have said on many a previous episode these are all lies. One of their favourite phrases is that the advice won't cost you anything so what is there to lose. In this episode we run through the following topics: • What is the difference between a commission versus fee for service? • How does the free advice model work? • What accountability do these offshore financial advisers have? • What qualifications does a Australian expat financial planner need to hold to be able to provide compliant and qualified Australian expat advice? Links that we discussed in this episode include: • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Cost of receiving upfront financial advice in Australia - https://www.afr.com/companies/financial-services/100-000-quit-financial-advice-as-fees-jump-another-8pc-20220418-p5ae5t If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt

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Expat Chat Ep 45 - How To Invest In A Volatile Market

Welcome to our forty fifth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat. In today's Expat Chat we discuss how Australian expats should look at investing during times of volatile markets. We've all seen the headlines about markets falling over the last couple of weeks but should Australian expats take advantage of the sell off or is there worse to come. In this episode we run through the following topics: • Why is the sell off occurring? • Is there worse to come? • Does dollar cost averaging work and why should a Australian expat consider this? • If an Australian expat has a long term view should they be buying? • Why is it important to have a diversified portfolio? Links that we discussed in this episode include: • 3 Reasons Not to Sell After a Market Downturn - https://www.investopedia.com/articles/investing/021116/3-reasons-not-sell-after-market-downturn.asp • Get your Australian expat question heard on the podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt

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Expat Chat Ep 47 - How Does A Labor Election Victory Affect Expats

Welcome to our forty seventh episode of Expatchat where we discuss the latest tax and financial issues affecting an Australianexpat. In today's Expat Chat we discuss how the recent Labor party victory at the Australian Federal election and how it affects Australian expats. For most Australian expats it would not come as a surprise (and for some a relief) that the Albanese led government was elected to power in the recent election but what does this mean for Australian expats. As the Liberal party gets escorted out of office there are a lot of legislative polices that potentially could affect Australian expats with the most notable one being the changes to the tax residency rules. In this episode we run through the following topics: • How is the new Labor government different to Labor parties of the past? • Will the new government follow through with the proposed tax residency rule changes? • Will the SMSF rules that the Liberal party proposed in 2021 be enacted by the Labor party? • What qualifications does a Australian expat financial planner need to hold to be able to provide compliant and qualified Australian expat advice? • Australian expat Q&A - we answer a couple of questions that have been submitted through the form below on the topic of managing a property as a expat and whether to use a offset or redraw account to manage cashflows. Links that we discussed in this episode include: • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Blog Article on the Change of Government - https://atlaswealth.com/news/what-does-the-new-australian-government-mean-for-australian-expats/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt