Tax implications when working in Singapore

[Jack2018]

Hi, my wife and I will be moving to Singapore to work from Australia for the next couple of years. Does anyone know what happens when we return to Australia ie if we pay tax in Singapore can we subsequently transfer any savings back to Australia in the future when/if we move back to Australia without having to pay additional tax in Australia?
Jack

[PNGMK]

Seek advice but in general you should attempt to be none tax resident in Australia while in Singapore. On your return and taking up residency you can bring savings etc. If questioned explain they are from savings earned while non tax resident. Note that tax residency in Australia means not having a home there and all income earned in Australia while NTR will be taxed at the top rate.

[Jack2018]

Thank you !

To be on the safe side I will seek advice from a tax accountant and hopefully they will confirm what you have said.

[PNGMK]

Thank you !

To be on the safe side I will seek advice from a tax accountant and hopefully they will confirm what you have said.

There are financial advisors who will try to sell your insurance bonds or something for Australia on a tax saving basis. Test that with your tax accountant before investing. 8 percent up front loading!