Maximising Your Wealth as an Australian Expat in Singapore

Financial Planning for Australian Expats in Singapore

Living and working in Singapore offers Australian expats unique financial advantages. Lower taxes, flexible savings structures, and cross-border opportunities can help you grow and protect your wealth more effectively. Here are key areas to focus on.

Use Singapore’s Low-Tax Environment

With no capital gains tax and lower income tax rates, Singapore allows your investments and earnings to accumulate faster. Use this advantage to build long-term wealth while keeping more of what you earn.

Review Your Superannuation

You may still be eligible to contribute to your Australian super fund while living abroad. Not all funds accept contributions from non-residents, so check your eligibility. Maximising your concessional and non-concessional contributions could improve your retirement outcomes.

Consider CPF or SRS

Permanent Residents (PR) can top up CPF accounts and receive tax relief. As a non-PR, you can contribute up to S$35,700 per year to Singapore’s Supplementary Retirement Scheme (SRS). This reduces your taxable income and offers potential for higher long-term returns compared to cash savings.

Optimise Your Investment Structure

Your investment portfolio should reflect both your residency status and long-term plans. Structuring investments for tax efficiency across jurisdictions can help reduce unnecessary liabilities. Diversify across asset classes, currencies, and markets to manage risk and opportunity.

Plan Currency Transfers Wisely

If you move funds between Australia and Singapore, use foreign exchange providers that offer better rates and lower fees than traditional banks. Timing transfers carefully can also help manage tax implications and currency exposure.

Review Your Insurance and Protection

Check that your existing life, health, and income protection cover remains valid while overseas. Consider international or Singapore-based policies to maintain coverage. If you still own property in Australia, confirm your insurance remains active and appropriate.

Prepare for Future Repatriation

Whether you plan to return to Australia or relocate elsewhere, early planning is essential. Superannuation access, asset reporting, and tax treatment all change when your residency status does. A clear exit strategy protects your wealth when circumstances shift.

Partner with Experts Who Understand Cross-Border Wealth

Managing wealth across borders requires coordination, insight, and careful planning. At The Heritage Partnership, we work with Australian expats in Singapore to help structure, grow, and protect their assets with confidence.

Download Australians in Singapore Brochure

Complete the form below and we’ll email you a copy of the brochure.

Brochure Form

Name(Required)

Phone(Required)

Email(Required)