Updating as I'm free.

Age: Halfway through life
Occupation: Entrepreneur
Marital Status: Married no kids, YOLO

Asset(s):

Under my name -
4 bedder condo - $6.3m (bought ~$4.0m), left 25% mortgage
3 bedder condo - $1.95m (bought ~$1.2m), left 30% mortgage
Studio - $1.15m (bought $1.15m), left 30% mortgage
Office - $1.15m (bought $1.1m), left 30% mortgage
Factory - $500k (bought $400k), left 10% mortgage
Cluster house - Rm1.35m (bought RM800k*typo previously), left 50% mortgage
Farm land - 55 acres, roughly RM6m+ (bought RM5.0m ish, average 95k per acre each, didn't buy in 1 shot), no mortgage

Plan to buy ~RM20m worth of property this year in SEZ, downpayment 50%, gonna unload a condo to fund it.

Under my wife -
2 bedder condo - $1.1m (bought $900k), left 90% mortgage
Factory - $480k (bought $450k), left 90% mortgage

She plans to buy either a duplex or a 1 bedder this year using her own income. Good for her lol.

Car - 2 conti (not paid off), 2 Japanese (paid off), 1 American (paid off)
All sorts of jelwery and stuff ~$1.2m

Liability (ies):
Under my companies
~$5m (40% loan left)
All unpaid loans above

Insurance:
Life: $1m
All assets are insured under my name

Investment:
ETF - $ 6m
Hedge fund - $12m
Stock - $10m
Crypto - $11m
CPF - $220k

Cash in hand
$800k

Wondering if anyone has had experience working in Australia private healthcare system? Is it worthwhile to leave permanent jobs in the UK to pursue opportunities there?

Wife and I are medical consultants in the UK. There are opportunities in Australia (area of need) - about 2.5 hours driving from Perth. Expected monthly is said to be 4 times UK's net of taxes (full-time consultant pay in the UK is about £5k / RM 25k per person; Mortgage/council tax/utility bills £3k, excluding foods, travel, petrol/diesel). However, income in Australia is based on volumes of work done (contracts) and can be less secure than public-funded jobs (permanent jobs like in Malaysia) in the UK. Yet, UK has extremely heavy tax burden since recent years. After working for more than 10 years in the UK, our assets are about £80k in house equity, 2 fully paid cars (used), £20k savings, £5k investments, after paying for holidays/frequent flights to Malaysia to visit family members

Thank you!!

there is a forumner  working partime in Spore part time Australia.
but quite long no seee his posts already
cant remember  his  name
i am shocked
Salary so low in UK? maybe got lots of
extras outside  that 5000 per month ?
Come back work in private hospital here
can get more than that
good money i heard
can get 100k a month

1.2mil a year in MY? Then why MY govt is worried local doctors being poached by SG with 385k pay.

https://www.freemalaysiatoday.com/category/...rn-says-senator

there is a forumner  working partime in Spore part time Australia.
but quite long no seee his posts already
cant remember  his  name
i am shocked
Salary so low in UK? maybe got lots of
extras outside  that 5000 per month ?
Come back work in private hospital here
can get more than that
good money i heard
can get 100k a month

bro compare apple to apple lah
MO 3 years old mana sama

ini Consultant lo
banyak besar beza

Thank you very much.
Yes, UK tax is 40%, Pensions (like EPF 12.5%), and 8% national insurance (a bit like insurance premium, it is a form of tax).
Though job is more structured and secure. You won't get paid extra even if you work more or do more.

Council tax (a bit like Cukai Tanah) is about 20% of mortgage payment.

When gross income is between £100k to £125k, the effective tax rate is 60%, because we lose tax free allowance.

Okay to live a comfortable and stable life here, but very hard to accumulate wealth

UK is very good towards businesses, but penalises high earning employees

Thanks again for your input!

Just for my knowledge

IF you chose to leave your job in UK, you will forfeit your pension I presume? So the 12.5% you paid earlier will be gone case?

No, we won't lose the contributions. After the retirement age of 67 years, we will still be paid pensions, but the sum will be much lower, and proportionate to the duration of employment in the UK.

It is also possible to transfer the entire accumulated pensions to en equivalent scheme in Australia

Thank you very much.
Yes, UK tax is 40%, Pensions (like EPF 12.5%), and 8% national insurance (a bit like insurance premium, it is a form of tax).
Though job is more structured and secure. You won't get paid extra even if you work more or do more.

Council tax (a bit like Cukai Tanah) is about 20% of mortgage payment.

When gross income is between £100k to £125k, the effective tax rate is 60%, because we lose tax free allowance.

Okay to live a comfortable and stable life here, but very hard to accumulate wealth

Wondering if anyone has had experience working in Australia private healthcare system? Is it worthwhile to leave permanent jobs in the UK to pursue opportunities there?

Wife and I are medical consultants in the UK. There are opportunities in Australia (area of need) - about 2.5 hours driving from Perth. Expected monthly is said to be 4 times UK's net of taxes (full-time consultant pay in the UK is about £5k / RM 25k per person; Mortgage/council tax/utility bills £3k, excluding foods, travel, petrol/diesel). However, income in Australia is based on volumes of work done (contracts) and can be less secure than public-funded jobs (permanent jobs like in Malaysia) in the UK. Yet, UK has extremely heavy tax burden since recent years. After working for more than 10 years in the UK, our assets are about £80k in house equity, 2 fully paid cars (used), £20k savings, £5k investments, after paying for holidays/frequent flights to Malaysia to visit family members

Thank you!!

Just curious, what kind of hedge funds do you buy and how do u access these investments ?

Just curious, what kind of hedge funds do you buy and how do u access these investments ?

Blackrock, Fidelity, Amundi etc through UOB Singapore, accredited investor status is required for some instruments

Blackrock, Fidelity, Amundi etc through UOB Singapore, accredited investor status is required for some instruments

Can share for learnings like which Blackrock or Amundi hedge funds?

Really curious as how these funds works differently then the usual trust funds. The performance and requirements to purchase etc

Tq

It's unit trust but make it exclusively for accredited investor. Sometimes the fund performance is bad  You can see it yourself on FSM SG.

Like which ones are the hedge funds?

Can share for learnings like which Blackrock or Amundi hedge funds?

Really curious as how these funds works differently then the usual trust funds. The performance and requirements to purchase etc

Tq