SJP Australian Expat Financial Advisers
The Australian and New Zealand Association in Singapore states that it takes two years for most expatriates to plan a relocation, and the average stay is seven years.
However, many expats will testify that the amount of time and effort that goes into relocation planning - let alone adjusting to a new country - leaves them little time for financial planning.
As a result, your long-term financial goals often end up taking a backseat. While perfectly understandable, you might be missing out on investment opportunities that you’ll regret in the future.
Helping Australian expats keep control of their finances
Financial planning abroad can feel like a game of whack-a-mole. Just as you get a handle on the different taxation laws, a foreign exchange risk pops up, or a sudden inflationary pressure. To maximise your wealth, you need to be constantly on the alert – ready with a mallet.
Everything comes with trade-offs, but we can help you turn things to your advantage during your time away from home.
As an Australian expatriate in Singapore, Hong Kong or the UAE, you may benefit from the comparatively low-income tax environment, but did you know that Australian properties are subject to heavy foreign tax? Do you know what you can do with your superannuation whilst living abroad? Our financial advisors can help you maximise your financial advantage while living abroad.
Most Australian expatriates underestimate the power of inflation – and how it can erode your hard-earned wealth.
Talk to our financial advisors to find out what steps Australians can take to protect cash deposit accounts and financial assets from the volatility of the global fiscal market while living abroad.
It’s well known that expatriates enjoy lower tax in Singapore and Hong Kong. However, you still need to keep your eye on the ball and use this opportunity to maximise your saving potential during your limited stay.
It’s also worth ensuring that you’re still contributing to your superannuation as an expat.
We want to help you maximise your income potential whilst you’re here, so we offer wealth management strategies specifically-tailored to expats in Asia.
Are you investing in SGD, USD, or AUD, or another currency? It’s worth bearing in mind the negative impact that volatile exchange rates and currencies can have on your personal wealth and overall worth.
Similarly, a poor exchange rate can affect overseas transfers. We’re happy to help you plan for and mitigate this risk in your financial planning.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.
An investment in equities and shares will not provide the security of capital associated with a deposit account with a bank or building society.