Expat Chat Episode 93 - What To Consider When Leaving Australia

Welcome to the ninety third episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about what you need to consider when you are looking to leave Australia and move overseas to join the expat ranks. According to the Australian population clock one Australian resident is moving overseas permanently to live every 2 minutes and 12 seconds which means that Australians are embracing the expat life after the Coronoa virus halted those movements. Whether you have been working in Australia for 5 years or 15 years you would have accumulated some assets and making that move overseas can complicate your understanding of how to manage those assets due to the different rules you need to consider. There is also a fair bit of housekeeping you need to do before you move overseas but the good news is that not all of this has to be done before you jump on the plane and some of it can be done after you leave. In this episode we run through the following topics:  • What happens to my super when I become an expat? • What should I do with my private health insurance? • What are my tax obligations to the ATO? • Should I remain on the electoral roll in Australia? • Do I keep my Australian drivers license? • Can I use Medicare as a Australian expat? • Do I have to update my address with banks and brokerages? • What is deemed disposal? Links that we discussed in this episode include: • Proposed Changes to Expat Tax Residency Rules - https://atlaswealth.com/news/changes-to-the-australian-tax-residency-rules-affecting-expats/ • Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum • 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/ • Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-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