Expat Life – Should I stay, or should I go?
Considering moving overseas? So when’s the right time to start your expat life and become an Australian expat abroad?
Well the answer is, it depends. Each person and family is different and the right time to move overseas will vary for everyone. To help you decide if now’s the right time, here are some helpful tips from your friendly Australian expatriate tax team.
A lull in your career
Whether local job opportunities have dried up or you are simply bored of your chosen career, chasing a rewarding job opportunity can be a great reason to move overseas. While you can move over on a temporary visa and search for a job when you arrive, it’s much safer to secure a job overseas before you make the leap.
Take a chance before you have children
Many married couples or long term partners feel the desire to explore before they settle down and raise a family. Moving overseas for a few years can be a great way to spend some quality time together before you get a mortgage or add kids into the mix and it can be a good way to . Who knows, you may love it so much overseas that you choose to stay for longer!
Ready for a change
Sometimes you simply need a change and what better way to do so than moving overseas to begin your expat life. Before choosing a destination, make sure you do your research and find a place that suits your lifestyle. If you can, take an extended holiday first to get a sense of everyday life. Once you come home, reflect on your time there and decide if you’re still committed to making the move.
High cost of living in Australia
As beautiful as Australia is, living costs across the nation are growing. Sometimes your individual or joint income isn’t enough to keep up. If this is the case, it’s worthwhile considering a move to a country with lower living costs. Before you leave though, ensure you have a job lined up overseas or enough savings to support you while you search.
Whatever the reason, if you’re considering becoming an Australian expat, then contact Expat Tax Services today. We specialise exclusively in Australian tax advice for expats and in the preparation of expat Australian tax returns.
As Australian expats ourselves, we understand the unique financial and lifestyle challenges that expat living presents and as such, we’re committed to helping you maximise your financial opportunities whilst you live your best life overseas.