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?

There 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 Advisor?

This is a rhetorical question really because of course it’s worth going to a financial advisor!

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. This involves:

Establish and define our relationship with the client

We offer a no-obligation FREE Discovery Session to get to know each other which can take place either online or in a location of your choosing.

Gather our client’s data and familiarise with their goals

We assess your assets, debts, income, and expenses to understand what your current situation is, what you want to achieve, and what resources are available to help you accomplish those goals.

Analyse and evaluate your financial status

We assess your goals based on your current financial status. We also determine whether you have adequate risk management strategies to protect your assets.

Develop and present our financial plan recommendations

In partnership with our Advisory Panel, your Financial Adviser outlines how best to achieve your financial goals with multiple options to choose from depending on your personal risk profile.

Implement our financial plan recommendations

When you understand and approve the recommendations, we help you to implement them. We try to do as much as possible in-house for you, however when necessary we will connect you to any professional services you may need to execute your strategy.

Monitor the implemented financial plan

The real fun begins as we manage and track your financial success! We’ll review your priorities to ensure your strategy is appropriate for your goals, as well as the performance of your plan to make sure you remain on track to achieve your short term, medium term, and long-term financial goals.

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.