Client A
A married Australian expatriate living in Singapore, who has been a non-resident of Australia for 15 years. Currently employed as a CEO of a financial institution.
Singapore, then 3 years in Europe prior to moving to Australia
Retire and repatriate to Australia within 5 years
20 years
45 years
circa $50m USD
Singapore office of international private bank
65 years
$10m USD
Based on Client A’s circumstances, a Singapore or Jersey based foreign superannuation fund would be suitable to allow long-term asset accumulation leading up to retirement. The structure will complement Client A’s changing residency from Europe to Australia allowing continued existing banking relationship without affecting the investment portfolio’s legal ownership. For completeness, advice should be taken on the specific European countries tax treatment of the structure and the Australian tax treatment of an International Pension Fund.
This case study is based on a fictitious scenario and designed to be general in nature. The information does not take into account your objectives, financial situation or needs and you should seek independent advice to see if the solution is appropriate for you.
Client B
Born in Scotland and spent the past 20 years working in Singapore. Now currently employed as a CIO of a multinational organisation with offices in the Asia Pacific.
Spend 3-5 years in Australia with company to assess business opportunities and potential full-time relocation
Retire in either Australia or UK
6-11 years
59 years
circa $25m USD
$6m USD with Singapore office of international private bank
65-70 years
Based on Client B’s circumstances, a Hong Kong based and employer sponsored solution would be the most suitable arrangement, providing flexibility and freedom to benefit from both an Australian and UK perspective.
This type of international pension fund would be NOT be a master-trust structure, instead would be a stand-alone solution administered by Northland Group. Several trustees in our network who have a Hong Kong presence and trusted experience with the provision of such a pension solution.
This case study is based on a fictitious scenario and designed to be general in nature. The information does not take into account your objectives, financial situation or needs and you should seek independent advice to see if the solution is appropriate for you.