So you have an offer of work overseas? Doing some homework can help ensure it’s a positive and rewarding experience.
Many decisions you need to make depend on how long you expect to be away. Some things to consider are:
In terms of tax and residency issues you should visit the Australian Taxation Office section on working overseas.
|Preparing to work in another country|
The research doesn’t stop with the visa and insurance.
|Taking the family|
When assessing the job, if you have a partner and children going with you, then there are important factors to consider:
|The working holiday|
If you want to combine pleasure with a bit of work, you'll need to check what you can do legally and ensure you have the right paperwork.
See the Immigration Department for details and criteria for the working holiday visa.
What to do about your home while you’re away will again depend on how long the trip is likely to last.
You may decide to pick up some extra money by renting out your home, or even doing a home swap with a person in the country you intend to visit. Or if you’re going for good then you may want to consider selling your home.
If you’re interested in working overseas, here are some valuable leads.
The Immigration Department - for details and criteria for the working holiday visa.
Smart Traveller – is a Federal Government site with a host of information.
Australians Abroad - another government site that is full of helpful information regarding tax, centrelink eligibility, voting while living away from home and moving away permanently.
Medicare - for information on health care while you're in another country. It lists the countries Australia has reciprocal health care agreements with.
The International Exchange Programs – for information on areas such as the popular Summer Camp USA program, and working holidays in places like Canada, Britain, Cambodia and Ireland.
|How we can help|
If you are planning to work overseas then you will need to consider issues such as taxation and your access to funds while abroad.
An A-Z Review® - Make sure you have your banking in order before you go. Things such as direct debits and access to funds can all be made easier when you talk to an ANZ personal banker. Request an A-Z Review® at your nearest ANZ branch.
ANZ Financial Planning - you may also benefit from a more detailed appointment with an ANZ Financial Planner who can help you to consider the long term financial impact of your time away. They can help you to establish a plan for your superannuation, personal insurances, life insurance and investments so that these are in shape for your eventual return. Book an appointment with an ANZ Financial Planning.
ANZ has a number of options to help if you’re planning to live and work overseas.
ANZ Travel Insurance – can protect you from the financial impact of a cancelled trip, lost luggage, theft along with illness and injury. Medical expenses overseas can be financially beyond reach. Ask yourself this, if I can’t afford travel insurance, can I really afford to travel? Find out more about ANZ Travel Insurance.
ANZ Travel Card – a secure and convenient way to access your money while you’re abroad, with no transaction fees on purchases. You can load funds in up to 10 different currencies on a single Prepaid Visa card which is accepted at more than 29 million locations worldwide. Find out more about ANZ Travel Card.
International money transfers* – if you do need help while you are away, then you can arrange for a family member or friend (who is an ANZ account holder) to transfer money directly to an account held by you overseas. Find our more about ANZ International Money Transfers.
ANZ Financial Planners are representatives of Australia and New Zealand Banking Group Limited, ABN 11 005 357 522, the holder of an Australian Financial Services licence.
*Terms and conditions available on application. Fees and charges apply. An ANZ International Money Transfer can be arranged at an ANZ branch or Foreign Exchange Centre and through ANZ Internet Banking using an ANZ transaction account or ANZ credit card, and through ANZ Phone Banking using an ANZ transaction account.
™ ANZ Falcon is a trademark of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Falcon™ is a trademark of Fair Isaac Corporation.
ANZ Travel Insurance is co-issued by OnePath General Insurance Pty Limited (ABN 56 072 892 365, AFSL 288160) ('OnePath General Insurance') - phone 13 20 62, and QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239545) ('QBE') - phone 13 37 23. Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) ('ANZ') is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath General Insurance is owned by ANZ – it is the issuer of the product but is not a Bank. This product is not a deposit or other liability of ANZ or its related group companies and none of them stands behind or guarantees the issuer.ANZ Travel Insurance is co-issued by OnePath General Insurance Pty Limited (ABN 56 072 892 365, AFSL 288160) ('OnePath General Insurance'), and QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239545) ('QBE'). Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) ('ANZ') is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath General Insurance is owned by ANZ – it is the issuer of the product but is not a Bank. This product is not a deposit or other liability of ANZ or its related group companies and none of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information having regard for your objectives, financial situation and needs. You should read their ANZ Financial Services Guide (PDF 104kB) and the ANZ Travel Insurance Product Disclosure Statement (PDF 1MB), and consider whether this product is right for you.
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