Australian repatriation during COVID is a complex decision. Australians therefore need to consider the many complexities before leaving the United States.
Do I Stay or Do I Go? may be the lyrics from a popular song, but COVID-19 has accelerated many Australians’ plans for repatriation. Flights to Australia and Australian quarantine are certainly top of mind for many, but they are not the considerations.
In the final chapter of our Book Moving to the US for Aussies we discuss a number of complexities facing Australians considering Repatriation. They include Finance, Taxation, reestablishing Australian residency, flights, quarantine and the Australian job market. All need to be considered before any repatriation decision is made.
Most importantly, whether it is due to sick relatives, loss of work, or concerns about child education, what may have been on the back burner, can now be top of mind due to the impact of COVID-19. Others who saw repatriation as a long term goal, may now be formulating a strategy given a worst case scenario. Some simply want to get all of the facts.
The Australian Community has just completed teh largest survey of Australian Ex-Pats who have recently repatriated from New York. You can review all of the data in this article.
Returning to Australia could be a permanent solution to a temporary challenge. Our goal is to aggregate as much information as possible for Australians before they make that decision.
Communication is Key
Livestreams are a great way to ask experts questions on important topics. However, rather than having dozens of folks asking questions live, we gave our members the opportunity (and anonymity) to ask our subject matter experts ahead of time. Their questions have been aggregated with others and assembled in a series of videos, posted to our YouTube channel.
If you are an Australian considering repatriation during COVID 19, the videos below answer some of common questions. More videos are planned, and will be added to our channel, and this article, as they are posted.
The discussions in the videos are not to be construed as Financial, Legal or Tax advice. You should seek the advice of a professional before making any financial decisions.
Financial Considerations for Australians Departing the US.
Tony Kofkin, Founder and Managing Partner of Kofkin Bond and Co. outlines some of his Clients’ repatriation experience.
Airline and Australian Flights Updates
We speak with Jamal Shah who is an Air Expert with Liberty Travel. Jamal discusses the challenges many Australians are facing in securing travel, airfare, comparing flights to Australia, quarantine and strategies for booking international travel.
Tax Considerations for Australians Departing the US.
A conversation with tax experts from a US Accounting Firm discuss the tax challenges facing Australians considering repatriation.
The Final Decision.
Lastly, making the move back to Australia should be a decision based on logic and not fear. However, given the constraint of available economy airline flights, if you are seriously considering returning to Australia in the short or medium term, Business Class tickets seem to be the only reliable option.
You are one of the growing number of expats who are thinking of packing a bag, it is best to ensure that your tax and filing affairs are in order. If you leave without settling your financial and or tax obligations, you may face an entirely new set of challenges.
Our advice is always to seek professional advice before making decisions that impact your Health, Finances or Liberty. Repatriation is certainly one area where this advice is best taken.
Here is the link again to read the largest survey of Australians Repatriating from New York.
About The Australian Community
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