Managing your Tax and Financial Planning as an Australian Expat in New Zealand

Moving between Australia and New Zealand may seem straightforward, but your tax and financial planning can become far more complex once you cross the Tasman.

In this episode of the Behind the Advice Australia Podcast, Mitchell Kelsey is joined by Connie Lui, Tax Advisor and Director of NZ International Tax & Property Advisors, to discuss the key tax considerations for Australians living and working in New Zealand.

Together, they explore the differences between the Australian and New Zealand tax systems, explain how KiwiSaver works, discuss the Transitional Residency concession, and cover important considerations for Australian superannuation, investments and property.

Whether you've recently moved to New Zealand, are planning a relocation, or expect to return to Australia in the future, this episode provides practical insights to help you better understand your cross-border financial position.

In this episode, we discuss: 

•        How Australian tax residents become New Zealand tax residents.

•        The four-year Transitional Residency concession and how it can reduce tax on certain foreign income.

•        Annual tax obligations in New Zealand, including tax returns and tax rates.

•        How KiwiSaver works, including employee, employer and government contributions.

•        How investment earnings within KiwiSaver are taxed.

•        Transferring KiwiSaver to Australian Superannuation when returning home.

•        The tax treatment of Australian Super while living in New Zealand.

•        Tax considerations for Australian investment properties and share portfolios.

•        Common tax mistakes Australians make after moving to New Zealand.

•        Why coordinated tax and financial advice is important for Australians living across the Tasman.

To learn more about Connie Lui and her team at NZ International Tax & Property Advisors, visit: https://nztaxprop.co.nz/

To learn more about how Runway Wealth Management can assist Australians living and working overseas, visit: https://www.runwaywealth.com/

 

General Advice Disclaimer: The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any recommendation without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances.

Runway Wealth Management Pty Ltd (ABN 17 677 212 967) (Corporate Authorised Representative No. 001311450) are authorised representatives of AFSL 340289.

What is Behind The Advice Australia?

The go-to podcast for Australians living abroad who want to take control of their finances and make the most of their expat experience. Hosted by Mitchell Kelsey, a Financial Adviser at Runway Wealth Management—one of the leading firms specializing in financial advice for Aussie expats—this podcast dives into expert insights, strategies, and real-life stories. Each episode features conversations with professionals from various industries, along with Mitchell’s own firsthand advice, helping you navigate the financial challenges and opportunities of life overseas.