Ally Wealth Management

The latest Australian Budget has been the biggest tax shake-up in decades.

And if you're an Australian investor, business owner, or expat… this one hits different.

🎙️ Episode #28 of the Money Side Up Podcast is LIVE.

Our Senior Advisers, Joel Kerin and William Cant, sit down with Jarrad Brown on Episode 28 of the Money Side Up Podcast to break down the 20227 Australian Federal Budget, and what it actually means for your wealth.

Here's what's on the chopping block 👇
✅ The 50% CGT discount – gone, replaced with inflation indexation
✅ A new 30% minimum tax on capital gains from 1 July 2027
✅ Negative gearing restricted to newly built properties only
✅ A 30% minimum tax on discretionary trusts from 1 July 2028
✅ Superannuation left largely untouched

The strategies that worked for the last 20 years? Many may now require a pivot.

Tune in now to get ahead of the changes.

Available on Spotify, YouTube and Apple Podcasts.

🎙️ Big news, Aussies at home and abroad.

Tomorrow, a brand new episode of the Money Side Up drops 🎧

And this one is a must listen.

Our Senior Advisers, Joel Kerin and William Cant, sit down to unpack the 2026 Australian Federal Budget, and what it actually means for your hip pocket.

Hit follow so you don't miss it when it drops tomorrow.

Most people see the EOFY strategy.

They don't see the work that happens behind it.

This week alone, the Ally Wealth Management team has been:

→ Reviewing expiring carry-forward concessional super contributions to help clients reduce tax before valuable opportunities disappear.

→ Modelling the optimal timing for clients returning to Australia from overseas, because moving in June versus July can sometimes create very different outcomes.

→ Forecasting assessable income from Australian property portfolios for expat clients to determine the most effective super contribution strategies.

→ Analysing the latest Budget announcements and draft legislation to identify risks, opportunities and potential pivots before changes become reality.

When the rules are changing, and even when they're not, having the right people in your corner can make all the difference.

Moving back to Australia doesn’t always mean your financial life becomes simple again.

Many Australians return home still holding:
→ Overseas investments
→ Foreign pensions or retirement accounts
→ Offshore bank accounts
→ International tax obligations
→ Assets spread across multiple countries

And that’s where great advice matters.

Because cross-border financial planning isn’t just about where you live today.

It's about how your finances continue to work for you.

This is why feedback like this means so much to the Ally Wealth team.

Many Australian expats repatriate to their previous home city.

Back to familiar streets.
Close to parents.
Near old friends.

The same city they left years ago.

But increasingly, we're seeing many move somewhere completely different in Australia...often driven by work.

And many under-estimate the financial implications of this move.

It's about:

→ Property prices
→ Rental costs
→ Land tax thresholds on properties in other states
→ Childcare and schooling costs without family support
→ Flights to see family
→ Whether you have grandparents nearby to help with the kids
→ Cost of living differences between cities

We've seen families move for a higher salary, but only to discover their overall cash flow actually deteriorated.

The lesson here is never modelling the income in isolation.

This is one of the reasons we believe great advice adds so much value.

Not because an adviser predicts the future.

But because they help you understand the consequences of the decisions before you make them.

One of the most interesting conversations we had recently was with an Australian expat preparing to retire.

He told us thought he'd need about $80,000 per year.

So we asked him a simple question.
"What do you spend today?"

After a few minutes of adding up the key expense items.

Dining out.
Family holidays.
Golf.
Memberships.
Helping the kids.
The occasional business class flight.

And then covering the basic living costs.

The reality was his lifestyle wasn't costing $80,000.

It was costing closer to $350,000.

Is it time to start reframing how you think about retirement..?

Instead of just asking - "how much do I need to survive..?"

Start asking - "what sort of lifestyle am I trying to build..?"

One of the biggest financial traps for Australian expats isn't tax.

It's lifestyle creep.

From the outside the expat couple with the private driver, private club memberships, luxury holidays and champagne brunches looks wealthy.

It looks like they've made it.

But in many cases it's fully funded by debt and there's no surplus income being trapped.

One of the most dangerous phrases in financial advice?
“Yeah, we do expats too.”

Because Australian expat advice is not just normal Australian financial advice for a client living overseas.

It’s:
→ Cross-border tax
→ Residency rules
→ Superannuation complications
→ Offshore structures
→ International estate planning
→ Multiple tax systems interacting at once

And the scary part is many people giving advice in this space have never truly specialised in it.

We've seen expats told:
→ Not to contribute to super because it “makes you a tax resident”
→ That Australian shares are always taxed at 30%
→ That they can freely run an SMSF overseas without issues
→ That moving countries has no major CGT implications

Wrong advice in this space can create six-figure mistakes.

The only thing more dangerous than getting specialist expat advice from ChatGPT…
Is getting it from a generalist Adviser pretending to be a specialist.