If you are on your way to Australia soon, congratulations!
We expect it will probably be a very nervous but exciting time for you and your family. If you are an Australian citizen, who has been working abroad and is returning "home " soon, you are no doubt looking forward to it!
Well done! You have done the hard work, but now is not the time to relax or leave everything else until you arrive.
There are a couple of simple things that you can start to implement NOW, that could greatly enhance your lifestyle after you arrive.
Recent studies have shown that:
1. Less than 1% of new migrants understand Australia's sliding scale of tax properly.
2. Most new migrants and returning Australian's, are fearful of the "high tax" rates in Australia.
3. Studies show that nearly 80% of all Australian expatriates delayed their return Australia because of their dislike of paying higher tax.
4. Over 95% of new migrants arriving have no established credit record in Australia. Effectively, they have to "start from scratch."
5. Most new migrants have no banking record, bank account, loan account, mortgage or credit card established in Australia before they arrive. This is a major error.
We have information that will help you to overcome these difficulties. And with several useful strategies you could implement TODAY to greatly reduce your potential tax exposure upon arrival in Australia.
NOTE: If you are arriving in the next 6 months it is too late to use these strategies.
TAX EFFECTIVE STRATEGIES FOR NEW MIGRANTS TO AUSTRALIA
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