Financial Planning For Expats
Living in a foreign country poses many challenges, many of which you may have considered and others you surely haven’t. Among these, managing your finances can prove to be a real nightmare if you’re not well prepared.
If you are an expat living in or relocating to New Zealand, you have unique financial needs. At MyFuture, our expert financial planners understand these needs and have the knowledge and experience to provide you with a personalised service that protects you now, secures your future, and keeps you prepared for whatever life throws at you.
Personal financial planning imparts you with a strategic roadmap for achieving your financial goals while avoiding monetary pitfalls. A robust financial plan can help expats living in New Zealand pursue their financial independence and goals for the future, without having to sacrifice their freedom.
Financial Planning For Expats
Taking on the opportunity to work in another country can be an exhilarating and life changing experience. Moving to New Zealand offers an enviable lifestyle, culture, and quality of life to those choosing to relocate. However, any time you move from one country to another, there are financial implications to consider.
The experienced financial planners at MyFuture will work with you to ensure compliance with all the applicable domestic and international laws, while helping you take advantage of the opportunities available to you as an expat.
Get in touch with us today for your FREE no obligation Discovery Session to see how we can make the most of your financial planning opportunities.
What Are The Advantages Of Being An Expat In New Zealand?
here are ample benefits for expats moving to New Zealand.
Having ranked 6th globally among top countries for relocation in the Expat Insider 2021 ranking, our laid back country offers a great work-life balance, temperate climate, endless natural beauty, the highest minimum wage in the world, and world class education and healthcare systems.
More importantly, New Zealand has been consistently ranked in the top ten countries in terms of protecting investors, starting a business, and ease of doing business.
Is It Worth Going To A Financial Adviser?
This is a rhetorical question really because of course it’s worth going to a financial adviser!
Our Qualified Financial Advisers have a wealth of knowledge and are ready to put it to use for expatriates living in or relocating to New Zealand.
At MyFuture, we take a holistic, but personalised approach to help you plot a course through all the cross-border complexities to achieve your financial freedom.
Get Ahead With Quality Financial Advice
Our Qualified Financial Advisers can help you achieve your goals with a tailored financial plan and proven financial expertise.
How Does Financial Planning For Expats Work?
We know that your time is precious and you want to enjoy the free time you have while at the same time preparing for a comfortable retirement. That’s why the team at MyFuture provides personalised service that puts your needs first. The financial planning process follows a proven 6-step process to make sure all your bases are covered and your financial needs are met.
What is our 6-Step Financial Advice Process?
The 6-step financial advice process is the international benchmark for financial planning. This holistic approach is proven to increase the likelihood of you achieving your financial goals.
Understand Your Decision
We start by understanding your goals, financial position, and the decision you’re trying to make. You may already have done your own research, used AI, listened to podcasts, or compared options. That’s completely fine — our role is to understand where you’re at and where you feel stuck. We do this during a Discovery Session.
Validate, Refine or Rebuild
Next, we review your situation, run the numbers, and assess the options available to you. Sometimes your thinking is on the right track. Sometimes it needs refining. And sometimes a different strategy is required. Our job is to help you make a confident, well-informed decision based on your life, your goals and your long-term financial future.
Take Action
A good decision only matters if it gets implemented. Once you decide on the right strategy, we help you put it in place. Whether that involves restructuring lending, setting up investments, reviewing insurance, updating KiwiSaver, or working with other professionals. We don’t just hand you a plan and leave you to figure it out. We're here with you for the entire journey.
Stay Accountable
This is where long-term progress happens. We continue to monitor your position, review your strategy, and help keep you accountable as life changes. Whether interest rates move, your income changes, you receive an inheritance, buy a property, or simply need guidance on the next decision, we’re here to help you stay on track.
Frequently Asked Questions
Why Is Financial Planning Important For Expats?
With so many perks to living in New Zealand, many expats are surprised to learn about any drawbacks. While many jobs are enticing due to high salaries, pay is relative to the cost of living which can be prohibitive.
Also, the tax system works differently compared to other developed countries, so it’s important to account for these differences when making financial decisions. The Qualified Financial Advisers at MyFuture can guide you every step of the way so you don’t go astray.
A financial plan can help you reach your lifestyle goals. But most importantly, it can provide you with the financial security that eludes many people who work paycheck to paycheck.
Whether you’ve got big plans or more modest ones, take the first step on the road to financial independence and contact our team for a FREE no obligation Discovery Session today.