Oli joined me on this podcast episode to draw comparisons between the UK and Australian financial systems.
I asked Oli a range of questions from taxes to investing to property, to see how the financial system works in practice in Australia.
First, we discussed the tax efficient account that you can use in Australia - the superannuation - and then drew comparisons to how this is similar to what we have in the UK in pensions and ISA's.
We then moved on to discuss the tax system in Australia, specifically income tax and capital gains tax (which doesn't exist!). When it comes to income tax both the UK and Australia have similar approaches.
We also touched on financial education in schools in Australia, or the lack of, and then finished by with a discussion on the housing market and getting on the property ladder in Australia.
Through our twenty minute chat Oli and I discovered that the UK and Australia were more familiar than we thought.
Listen to the podcast episode to hear all of the details!
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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
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