With Shell, Chevron and Woodside employees and contractors in Korea right now, an increasing proportion of our client base is working off shore.
In order to sharpen the rates they were getting on their international transfers we recently commenced a relationship with OzForex, a global foreign exchange specialist. They offer extremely competitive rates of exchange and lower fees than you would see with banks and other providers, so more of your money makes it to the destination account.
By using OzForex you will enjoy;
- No receiving bank fees in most countries
- Extremely competitive foreign exchange rates across 50 currencies
- Online access 24/7
- Access to a dedicated Dealer by phone 24-hours a day, 5 days a week
- Complete exchange rate transparency
- No transaction fees (under $10,000AUD)
- Risk management tools through Limit Orders and Forward Exchange Contracts
- Exchange rate alerts via email
- Access to their highly regarded daily and weekly “Market Commentary”
Many of our investors have already used OzForex for:
- Bringing their Foreign Earned Salaries Back into AUD
- Paying international invoices;
- Paying for loans, investments, school fees abroad;
- Purchasing property internationally;
- Transferring money to family members;
- Transferring pensions.
To speak to one of their accredited dealers about your foreign exchange requirements call +612 8667 8000 (1300 300 424 in Australia; 0845 686 1950 in the UK; 1800 680 0750 in Canada or 0800 161 868 in NZ) or register online. Registering with them is FREE and you can view their live dealing rates immediately. Alternatively you can contact Jonathan Sermon directly on +61 2 8667 9106 or jonathansermon@ozforex.com.au .
OzForex has been operating since 1998 and currently has more than 80,000 dealing clients globally. In the 2013 financial year the OzForex Group completed over 460,000 international payment transactions with over $9.1 billion in transaction turnover. OzForex has an Australian Financial Services License, issued by the Australian Securities and Investments Commission, ASIC, Licence Number 226 484.
Register now and if you mention that you are a Bennett Wealth Group client (or use the links in this blog) you will receive your first 2 transactions fee FREE!
Relocating Overseas for Work?
There are a large number of tax related issues and opportunities with an overseas posting. Due the high number of Resource Industry professionals we deal with we are regularly providing advice to people taking up overseas postings.
The legislation is complex and the information provided by the tax advisors commissioned by your company isn’t personal advice. It is information about how your package will be treated and whether your assignment could mean you are a non resident for tax proposes. They aren’t able to provide you with advice about what You should do with your loans, investments, properties etc because that is not their brief and they have not got the details about your personal financial position in order to provide this advice.
That’s where we come in. We regularly sit in on these meetings and then once we are clear on the nature of the assignment we are able to advise people on whether they should pay down loans, invest in non property investments to take advantage of CGT free status, whether they are better off being non resident or staying a resident etc etc.
If you would like to discuss your situation with a Financial Advisor who is experienced in advising individuals with these issues then don’t hesitate to:
- Call Bennett Wealth on 08 9274 2888 or
- skype on bennettwealth or
- email at queries@bennettwealth.com.au
or visit our website at BennettWealth.com.au to see more of what we do