The top 10 financial planning tips if you’re moving to Australia

Moving countries and becoming an expat is a significant transition. Often the logistics are so time- consuming that consideration of personal finances becomes secondary to finding a job, somewhere to live, and ensuring your family are comfortable. This is unfortunate because, managed carefully, it can often be financially very beneficial. On the flip side, it is easy to make expensive mistakes.

Australia is one of the most common destinations for expat Brits. It is also common for Australians to become expats in the UK and then return to Australia. For Aussie expats, it is easy to overlook the significant advantages of being an expat in the UK and, again, make costly errors.

These transitions need to navigate two financial systems and often involve assets in both countries. This presents both significant opportunities and the risk of expensive mistakes.

In this guide, we look at ten key issues and give you some key tips to help you utilise some of the opportunities and avoid the mistakes.

We hope this guide gives you an idea of some of the financial issues you need to consider if you’re planning to move to Australia – and also some of the potential pitfalls.

Given the complexity of a lot of the points raised in the guide, and the importance of getting everything right, we think you’ll agree that financial advice from an expert in such matters is essential to ensure that everything goes smoothly.

This is where we can help.

Here at bdhSterling, we have a wealth of experience in all financial aspects of helping British people make the permanent move to Australia, and Australians to return. We have offices in both the UK and Australia, so you’ll get bespoke financial advice both here when you’re planning your move, and then the added reassurance of having a financial adviser already lined up in Australia once you’ve moved and are settling in.

You can download the guide as a PDF by clicking the “Download” button, and filling in the form. Should you have any questions, please don’t hesitate to contact us.