Finance News

Do you want to work overseas?

Here are some things to think about before making an international move.


Earn more than just money

Wherever your destination is, you could find there’s more to be gained by working overseas than just earning a different currency.

Many employers value the experience employees gain by working overseas, so view international experience as something positive on your resume.

The Australian National University1 has stated that employers value candidates with international experience for a number of reasons: 
  • Can help companies maintain a global competitive advantageby bringing international skills, experience and cultural understanding
  • Better understand the international marketplace
  • Can more easily build relationships with foreign clients, suppliers and business partners
  • Have more diverse perspectives and experiences
  • Offer a range of enhanced general skills

Top overseas employment destinations

According to the Australian Bureau of Statistics2 approximately 346,000 Australian-born people are living overseas. The UK, USA and New Zealand are popular destinations, with most Australians choosing to live here.
  • United Kingdom ― 33%
  • United States ― 22%
  • New Zealand ― 14%

Getting ready to pack

If you’re ready to start from scratch and live and work in a different country the you’re are most likely ready to step out of your comfort zone. While overseas work can be rewarding it can be challenging to leave your family and life behind, so it’s important to be prepared for this.   
  • Work out where you’d like to go and when.
  • Make sure your passport is valid and contact the consulate of the country you’d like to work in. Each country has different criteria and visa requirements you’ll need to meet to qualify for international employment.
  • Save for your trip―call us and we’ll help you set up a savings account so you’ll have enough to get you settled overseas and something to fall back on if you need it.
  • Consider searching online for organisations that can help bundle your travel and work needs. Some companies can place you in an overseas job, organise your airfares and help arrange travel insurance. But be sure to do your own research too.
  • Visit your dentist and doctor to make sure you’re in good health. And speak with your health fund so you know what they’ll cover when you’re away.
Speak with a financial adviser and an accountant before you head off and ensure that your super is secure and in the right place. They can help you to work out whether any HECS arrangements will be affected if you’re working outside Australia, and detail the tax implications of earning money overseas.

1 https://careers.anu.edu.au/students/gaining_experience/overseas_study_work
 2 abs.gov.au/ausstats/abs@.nsf/7d12b0f6763c78caca257061001cc588/3cf3335edc1a3f7fca2571b0000ea963!opendocument



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