No matter what your purpose or reason for travelling overseas, it’s essential you plan your finances carefully. Not just to ensure you have adequate finances to fund your trip, but also because your journey – whether it’s temporary, extended or permanent – might have tax implications and can otherwise affect your financial future.

Travelling on a budget, or travelling to make money (not spend it!), is certainly possible. There is around one million Australians living and working overseas at any time, and millions of Australians travel overseas on a temporary basis every year. While seeking professional advice is the best way to make sure you’re handling your money the right way, this guide covers some of the major issues to be conscious of when you plan a trip or move overseas.