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Health Insurance : Often the biggest obstacle to a worry free retirement overseas

overseas health insurance for retired Australians

We are very much in favour of Australians considering retirement overseas, particularly into some of the lower cost Asian countries. It is not without it's challenges, and it's not for everyone, but in many cases it will provide retirees with an interesting lifestyle unattainable in Australia.

Bank Robbery Offshore

Poor AUD Interest Rates for Expat Australians

Offshore Term Deposits - A poor deal for Australian expats and offshore investors

Australian banks consistently offer poor value to Australian expatriates and foreign investors wanting to place cash in Australian dollar term deposits and at call accounts.  The rates in the Australian domestic market continue to provide much better returns on your money, evening having regard to the

Australian Education Survey 2013

How well does Australian schooling rate?

The results of the OECD's first international survey of adult skills shows that Australian adults perform very well compared to other developed countries when it comes to literacy skills, but when it comes to numeracy the performance is only average.

Buying foreign property

Australians buying overseas property

Some signs are appearing that the apparently never-ending financial crisis in Europe is coming to an end - indeed, the UK is currently experiencing a significant turnaround.

It pays to regularly review your mortgage

Review your Australian mortgage while overseas

Recent RBA recent have seen Australian interest rates fall to their lowest levels since 1959. Typically, Australian expatriates once overseas rarely review their mortgage arrangements; usually on the presumption that is just too much of a hassle, or that somehow the changes will be reflected in their mortgage payments.

Australian Expatriate "Voting Rights"

An Australian election on September 7, 2013

We now have a Federal election scheduled for Saturday, September 7, 2013 and unfortunately the rules and regulations surrounding voting overseas continue to make it difficult or impossible for Australians to maintain their ability to vote. This is completely contrary to the position regarding tax residency, where it is becoming increasingly difficult to escape the clutches of the ATO.

The Dollar Continues to Slide

Australian Dollar softens

The chart below, borrowed from our sister site Exfin,  looks at how the Australian dollar has performed against 4 major currencies - the USD, GBP, Euro and JPY - over the past two months to the end of July, 2013.

Smartphones and the cost of "Global Roaming"

Global roaming risks extortionate mobile phone data costs

Australia has one of the highest penetrations of smartphone users in the world and individuals going overseas risk extreme "budget shock" if they allow their phones to keep them automatically updated about the weather, news and sporting results, much less using them for web browsing, email and video viewing.

Is the Australian Government Expat Unfriendly?

Is the current Australian Government expat unfriendly?

Over three years ago the current Australian Federal Government decided to withdraw the tax exemption available under section 23AG of the Tax Act in relation to the income earned by Australian residents overseas, if they met certain conditions. It was a monumentally stupid thing to do, and that remains the case.

Sterling continues to weaken against Australian Dollar

Pound weakens against Australian dollar

Despite the AUD being at 4 month lows amongst most major currencies as this article is written, Sterling has continued it's poor performance against the Australian dollar into 2013 and is at nearly 30 year lows. The chart below shows monthly average exchange rates over the last 20 years - with the AUD continuing to trend well above the long-term "average" rate.