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Buying vs Renting in Singapore

August 10, 2023 at 09:42 AM — by Tiffany Toh

This article originally appeared on – https://singapore.feebasedfinancialadvice.com/buying-vs-renting-in-singapore/ Should you rent or buy your new home? This question is not only a financial one but also touches on lifestyle choices and future plans. Singapore, known for its vibrant culture, excellent infrastructure, and high standard of living, has become a popular destination for Australian expats. However, the property market here can be quite different from what you’re used to back home. This guide aims to demystify the process and provide a comprehensive comparison between renting and buying a property in Singapore. We’ll explore the financial implications of both options, taking into account…

CPF Withdrawals – What Every Australian Expat Needs to Know

August 1, 2023 at 09:53 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/cpf-withdrawals-what-every-australian-expat-needs-to-know/ If you’re an Australian expat residing in Singapore, you’ve likely heard about the Central Provident Fund (CPF). It’s a comprehensive social security savings plan that has been instrumental in securing the financial futures of many Singaporeans. But as an Aussie expat, you might be wondering how this system applies to you, especially when it comes to CPF withdrawals. This latest blog post aims to shed light on this crucial topic, and provide you with some peace of mind, particularly when it comes to your repatriation planning for Australia. Understanding CPF The CPF is…

Mastering the 30% Rule for Renting in Singapore

July 12, 2023 at 09:40 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/mastering-the-30-rule-for-renting-in-singapore/ Singapore, with its bustling city life and rich culture, can be a thrilling adventure for Australian expats. But as you’re settling into your new surroundings, it’s crucial to understand the financial nuances, especially when it comes to housing. Today, we’re going to delve into the 30% Rule of Rent, a vital budgeting tool to help you manage your finances effectively. What is the 30% Rule of Rent? The 30% Rule of Rent suggests that you should spend no more than 30% of your net income on housing costs. Why 30%? This threshold allows…

Decoding Final Tax Residency Rules for Australian Expats

June 30, 2023 at 11:38 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/decoding-final-tax-residency-rules-for-australian-expats/ Are you an Australian expat concerned about the tax residency rules and how they might affect your financial obligations? The Australian Taxation Office (ATO) has recently released updated guidance on tax residency rules for individuals with Taxation Ruling TR 2023/1. This ruling replaces previous ATO guidance and incorporates relevant case law to provide clarity on residency status. In this blog post, we will decode the final tax residency rules for Australian expats, highlighting key points from the ATO’s guidance and addressing common misconceptions. Let’s dive in! TR 2023/1 – Understanding the Key Factors…

10 Essential Financial Tips for Australian Expats Retiring in Australia

June 30, 2023 at 09:46 AM — by Tiffany Toh

This article originally appeared at – https://singapore.feebasedfinancialadvice.com/10-essential-financial-tips-for-australian-expats-retiring-in-australia/‍‍ Welcome, fellow Australian expats, to your guide to a secure and prosperous retirement in the beautiful land down under. As an Australian Expat Financial Planner, I understand the unique challenges and opportunities you face when planning for retirement in Australia. In this brief update, I will share with you 10 essential financial tips that will help you navigate the complex world of retirement planning and ensure a financially stable future. So let’s dive in! #1 – Understand the Australian Superannuation System The Australian Superannuation System is the backbone of retirement savings in Australia. As an…

Singapore Savings Bonds – Should Australian Expats Invest

June 22, 2023 at 10:22 AM — by Tiffany Toh

This article originally appeared on – https://singapore.feebasedfinancialadvice.com/singapore-savings-bonds-should-australian-expats-invest/ As an Australian Expat Financial Planner, I am constantly exploring investment options for my clients that offer stability, security, and attractive returns. One such option that we are at times asked about is the option of investing in Singapore Savings Bonds (SSBs). In this blog post, we will delve into what SSBs are, their history, the pros and cons, and provide valuable insights for Australian expats contemplating this investment avenue. So, let’s dive in! Understanding Singapore Savings Bonds SSBs are a type of government bond issued by the Singapore Government. They were introduced…

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