@Evan_ss6@Pentosh1 I looked at some PPLI options except fees seem fairly high relative to tax saved i.e. 1/2 of 2/3 of the tax savings based on some assumptions. Also you are not sure that the PPLI provider is functional in a very long run that you can withdraw it decades later when you need it
@samstrades This would affect you if you held a property for a long time or had massive gains, then moved overseas then moved back. In this case it could force you to move back to AU and sell prior to July 1 2027.
If you didn't have much gains they you only lose the pro-rata CGT discount
A very important topic for everyone - if you make big (even quite) money and you do not spend anything on your growth like personal trainers, new hobbies, psychologists, travel, etc. then be careful. Sacrificing everything is good for 3-5 years, but eventually, the marginal utility of the money will find you and make you a person without a purpose.
It is crucial to constantly evaluate if money made on trading creates the life that you want to live. There is nothing better than accomplishing big goals that cost you a lot of effort.
I think that there is a myth that big money can be spent only on very expensive watches, cars, and hotels, but these are the things that give you only temporary adrenaline and happiness. That's why a lot of rich people turn to drugs a couple of years after their first success. The need for adrenaline is bigger and bigger.
Feed yourself with new hobbies, goals related to the sport, music, art, etc., and nice everyday life.