Thousands of Australians head overseas each year to work, but there is often confusion about one’s residency status while doing so, and the tax implications that can arise. We run through the variables and clarify the issues.
There are self-managed superannuation funds (SMSFs), but another option for your retirement savings are small APRA funds (SAFs). We look at the differences, and the similarities, to see which one suits your circumstances. Also covered this month; the R&D Tax Incentive, the ATO’s small business compliance “hit list”, and how self-funded retirees can still get a concession card.