Aussie Expat Podcast

Welcome to the one hundred and fifth 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 where Australian expats should direct their surplus cash - to their super fund, pay off their mortgage, in a investment account or put it into a term deposit. The answer maybe one, two or all of the above and what you chose will be dictated based on your liquidity requirements as well as the intentions of the funds. The other large considersation are the tax consequences. Paying off your mortgage may make you feel good but what about when you get the tax bill at the end of the financial year. What are the tax implications of either strategy? In this episode we run through the following topics: • Pros and cons of putting money in superannuation • Pros and cons of paying off a mortgage or putting excess funds in a offset account? • Pros and cons of setting up an investment account • Pros and cons of putting money in a