Expat Chat Episode 117 Can An Australian Expat Have an SMSF

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=h-IGy37ZXq4

Welcome to the one hundred and seventeenth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. • In today’s Expat Chat we talk about the topic of whether an Australian expat can have a SMSF. • We have covered this topic previously however it keeps popping up and its important that we run through this again because there is still a lot of incorrect information being passed around by expats and professionals. • The main considersation that Australian expats need to understand when considering changes to their SMSF when they move overseas is that is the solution a stop gap or band aid fix or a qualified and compliant solution. • The price for non-compliance is extremely steep for Australian expats and if the ATO deems the account as non-compliant you could lose 46% of the balance of the account in the first year. • In this episode we run through the following topics: • • What are the rules for a SMSF to be compliant? • • Can't I just make a friend or family member a trustee? • • How does the Central Management Control (CM C) rule affect expats? • • Why is the active members test such an important one for expats? • Links that we discussed in this episode include: • • Upcoming events - https://atlaswealth.com/events • • Facebook Group - Australian Expat Financial Forum Facebook Group - / australianexpatfinancialforum • • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/au... • • Expat Mortgage Podcast - https://atlaswealth.com/news-media/au... • If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. • Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. • Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. • Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. • To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. • Make sure you connect with us on our respective social media channels: • Facebook: www.facebook.com/atlaswealthmgmt • LinkedIn: www.linkedin.com/company/atlas-wealth-management • Twitter: www.twitter.com/atlaswealthmgmt • Instagram: www.instagram.com/atlaswealthmgmt

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