Brett Evans

We don't want SMSFs.

So the things that you build in Australia to save money, it actually costs you money when you go overseas.

Bonds are one of those things as well too.

Exactly, yeah.

and cc's like that 100 depends on the fund um but generally speaking yes um the other thing a lot of people don't know and this is more for mixed nationality marriages you can actually apply for tax file numbers overseas so if you're living overseas and you marry a

British or an American or another nationality and you want to set them up in super, you can actually apply for a tax file number which you need to actually have a super account.

So this guy, if his mate has a tax file number, great.

If not, he'd have to apply for one.

And there's a box on that application that says why are you applying for a tax file number and one of them is actually to establish a superannuation system.

That's the beautiful thing about residency or non-residency.

Your ability to access and all the benefits of super don't change.

Where it gets complicated is on the other side.

So you can draw an allocated pension out of super tax-free, all the same bells and whistles that residents have.

Depending on the country you're resident in, you might get taxed on that.

So because most foreign pensions, they are taxed in pension phase, not in accumulation phase.

So if you go to UK, France, Spain, a lot of those sort of European countries,

they will actually tax you on that pension account because you're drawing it as an income stream.

If you draw it as a capital stream and recommit your fund back to an accumulation phase, different story, but there's a whole strategy piece behind that as well too.

There are ways around.

It's not easy, but there are ways to mitigate it.