The main reason Australian residents usually have a relatively high % of Australian shares in their super investments is because of franking credits. Meaning you can get an extra 25% or 30% on the returns. You'd lose that if going 100% international.
That’s a very good point, cheers. So by not using a fund that includes this, I’m missing out? Better to go with a split of an international fund and an Aussie fund then?
@@dexterlee3612 I don’t contribute anymore so I’ve simply just left it sitting there. And in the meantime I’m contributing to my Aus investing accounts!
Hey mate. I also moved to australia from uk a year ago. How come you think Vanguard is the best option? How did the other ones you were trying compare to Vanguard? Cheers
Hey mate, nice one! Ultimately it’s very low fee and I’m a big fan of Vanguard and what they offer/stand for. Other options that I have heard are good are Pearler and Supehero. But I believe they have transaction fees and higher minimums (although I could be wrong). Vanguard lets me invest automatically into a global ETF fornightly/monthly - so I’m a big fan as that’s the exact investment approach I follow
Currently I live in uk and I top up in my S&P 500 through trading 212 in gbp but next year I’m moving to Australia closing definitely with uk. What can I do with my S&P 500?
Hey mate, sounds quality 💪 You can either 1) leave it. Or 2) sell it and move the money over to Aus, and invest it into an Australian investment account. Up to you! But if you’re moving permanently, 2) is likely better
Unless you’re working part time and only on $18k or less, the 15% tax will be saving you money because your tax rate if you didn’t contribute to super would be higher. In other words it’s not an extra 15%. The portion of your income that you contribute is taken off your taxable income so on the $27k you can contribute, instead of paying something 32%~37% tax, you pay 15% and get a refund at tax time.
The main reason Australian residents usually have a relatively high % of Australian shares in their super investments is because of franking credits. Meaning you can get an extra 25% or 30% on the returns. You'd lose that if going 100% international.
That’s a very good point, cheers. So by not using a fund that includes this, I’m missing out?
Better to go with a split of an international fund and an Aussie fund then?
So what is the best option to do with the money in ur uk vanguard account - can you transfer it over or do u have to sell it all, then reinvest ???
@@dexterlee3612 I don’t contribute anymore so I’ve simply just left it sitting there. And in the meantime I’m contributing to my Aus investing accounts!
Hey mate. I also moved to australia from uk a year ago. How come you think Vanguard is the best option? How did the other ones you were trying compare to Vanguard? Cheers
Hey mate, nice one! Ultimately it’s very low fee and I’m a big fan of Vanguard and what they offer/stand for. Other options that I have heard are good are Pearler and Supehero. But I believe they have transaction fees and higher minimums (although I could be wrong). Vanguard lets me invest automatically into a global ETF fornightly/monthly - so I’m a big fan as that’s the exact investment approach I follow
Ah nice thanks mate - will go with Vanguard. Great vid btw - very helpful
@@christopherbarron889 sounds good mate! And thank you, really appreciate you watching it 🙌
Is there an Aussie version of a SIPP?
Yeah - you can get a self managed Super
Currently I live in uk and I top up in my S&P 500 through trading 212 in gbp but next year I’m moving to Australia closing definitely with uk. What can I do with my S&P 500?
Hey mate, sounds quality 💪
You can either 1) leave it. Or 2) sell it and move the money over to Aus, and invest it into an Australian investment account. Up to you! But if you’re moving permanently, 2) is likely better
So if you move to Australia but your still from the UK you can’t just keep investing into a Stocks & Shares ISA?
You can until you no longer are a UK tax resident, which is probably/most likely the tax year following the year you leaving the UK
Then after this, you can no longer use a Stocks & Shares ISA
Generally speaking, if you change your tax residency do you have to abide by the rules of the country you're making money in?
That’s right Jared, yeah
Are you not able to invest in UK funds from Australia due to tax residency?
Yeah that’s correct
You should cancel that super. That 15% tax on the way in is horrendous.
What’s the alternative ?
@@KS-vs2pe oh, I have no idea 😅 I'm not from there. I was just saying it's so bad.
You can't... legal requirement to contribute unfortunately!
Unless you’re working part time and only on $18k or less, the 15% tax will be saving you money because your tax rate if you didn’t contribute to super would be higher.
In other words it’s not an extra 15%. The portion of your income that you contribute is taken off your taxable income so on the $27k you can contribute, instead of paying something 32%~37% tax, you pay 15% and get a refund at tax time.