Episode 32 ⋅ 14th June 2022

What Do I Need to Consider With my Finances When Moving Across Borders?

With the borders finally opening up, Kiwis are now free to spread their wings and go overseas. But with all the excitement of the possibilities, it's very easy to forget about the nuances of your finances, especially if you're staying there for a long time.


After two years of border restrictions, it's safe to say that a lot of Kiwis are itching to leave the country. In fact, the government is estimating that 50,000 New Zealanders are going to leave over the next year to work overseas.

If you are 1 of the 50,000 Kiwis thinking of heading off,  here are some things that you should consider. So, grab your pen and paper, and make sure to take a note of these before you go!

In this episode, we cover:

  • Cat and Christine's personal experience of moving across borders, From Aus to NZ, and NZ to Europe
  • The extra costs that you need to consider like moving furniture, visas, insurance etc.
  • How your income may be affected as you move to different countries due to the different job markets
  •  How you will have to pay interest on your student loan if you are overseas
  • Will you be keeping any money in your home country, such as your investments and KiwiSaver
  • Why it is important that you have a clear goal in moving to a different country
…And there are lots more nuances in there that you may not even consider so get listening now. 

Great resources mentioned on the podcast are: 

  1. MBIE estimates 50,000 Kiwis will leave after the borders open
  2. Brain Drain, Kiwis heading overseas as living costs rise
  3. Tax accountant – Katrina Scorrar

Featuring on today's podcast are your hosts, Cat and Christine.

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