Expat aussie finance management

Expat aussie finances after moving back

Hi there,

I was expat working in Sydney for the past 4 years. Few months ago I headed back home with some money I left on Australia:

\- savings 28k,

\- superannuation fund 54k.

As I don't need the money in the long term, just wondering best options noting:

\- My visa expired and I could apply for the DASP to get super back with 35% taxes, now or at retirement age (no way to avoid it given the income came from temporary residency),

\- I consider current fund rates are good enough to hold the super there, as probably European market doesn't offer similar rates,

\- Not really sure what to do with savings,

\- I'm overseas.

Any suggestions welcome.

reddit.com
u/Chisporito — 2 days ago

Expat aussie finance management

Expat aussie finances after moving back

Hi there,

I was expat working in Sydney for the past 4 years. Few months ago I headed back home with some money I left on Australia:

- savings 28k,

- superannuation fund 54k.

As I don't need the money in the long term, just wondering best options noting:

- My visa expired and I could apply for the DASP to get super back with 35% taxes, now or at retirement age (no way to avoid it given the income came from temporary residency),

- I consider current fund rates are good enough to hold the super there, as probably European market doesn't offer similar rates,

- Not really sure what to do with savings,

- I'm overseas.

Any suggestions welcome.

reddit.com
u/Chisporito — 3 days ago
▲ 2 r/fiaustralia+1 crossposts

Expat aussie finances after moving back

Hi there,

I was expat working in Sydney for the past 4 years. Few months ago I headed back home with some money I left on Australia:

- savings 28k,

- superannuation fund 54k.

As I don't need the money in the long term, just wondering best options noting:

- My visa expired and I could apply for the DASP to get super back with 35% taxes, now or at retirement age (no way to avoid it given the income came from temporary residency),

- I consider current fund rates are good enough to hold the super there, as probably European market doesn't offer similar rates,

- Not really sure what to do with savings,

- I'm overseas.

Any suggestions welcome.

reddit.com
u/Chisporito — 4 days ago