Retirement Planning Made Simple for Australian Expats in Hong Kong

Retirement planning can feel overwhelming – especially when you’re living and working abroad. If you’re an Australian expat in Hong Kong, understanding the unique financial landscape is essential to securing your ideal future. Here’s a streamlined guide to help you get started:

Understand the Retirement Systems

• Australia’s Superannuation: Employers must contribute 10.5% of your salary to your Super fund.
• Hong Kong’s MPF (Mandatory Provident Fund): Both employers and employees contribute to a retirement savings account, with access typically available at age 65 or when permanently leaving Hong Kong.

Set Clear Retirement Goals

• Decide where you want to retire – Australia, Hong Kong, or elsewhere.
• Consider lifestyle costs in your chosen location.
• Build a plan around your desired retirement lifestyle and timeline.

Navigate Tax Considerations

• Hong Kong: Taxes only locally earned income, allowing room for strategic income planning.
• Australia: Applies a progressive tax system. Your residency status impacts how you’re taxed – important to plan accordingly.

Diversify Investments and Manage Currency

• Spread your investments across Australia, Hong Kong, and other regions to reduce risk.
• Think about currency exposure – if your retirement spending will be in Australian dollars, exchange rates matter.
• Align your investment approach with where you plan to live and draw income.

Maximise Your Retirement Funds

• Consider additional voluntary contributions to Super and MPF.
• Explore tax-efficient strategies for building wealth.
• Seek tailored financial advice to optimise your retirement outcomes.

Plan for Healthcare and Estate Needs

• Ensure you have up-to-date wills valid in both Australia and Hong Kong.
• Hong Kong has high-quality healthcare, but insurance is key – especially if you plan to return to Australia or travel frequently.

Speak with the Experts

Retirement planning across borders involves more than just savings – it requires insight into taxation, currency, healthcare, and legal systems. Getting it right means getting expert advice.

Oreana Private Wealth helps Australian expats make informed, confident decisions about their financial future. Our team can support you with:

• Super and MPF strategies
• Investment planning across markets and currencies
• Navigating cross-border tax, estate, and healthcare considerations

Secure Your Future with Confidence

Contact Oreana Private Wealth today to schedule a personalised consultation. Let’s build a retirement plan that fits your goals – wherever life takes you.