Let's discuss taxation, retirement, and social rights for long-term immigrants in Australia and Indonesia.
Australia's tax system is progressive; higher earners pay more. However, there's a tax-free threshold, and tax treaties help prevent double taxation.
What about retirement provisions?
Australia has a superannuation system where employers contribute to a retirement fund accessible to long-term residents.
And social rights?
Medicare provides access to subsidized or free medical treatment. Permanent residents also qualify for social security benefits.
Now, let's consider Indonesia.
Indonesia's tax system is less straightforward but generally has lower rates than Australia. Compliance can be more challenging, and tax treaties are less extensive.
What about retirement planning in Indonesia?
It relies more on personal savings and investments; there's no mandatory superannuation.
And social rights?
Indonesia has BPJS Kesehatan, a universal healthcare system, but quality can vary. Social security benefits are more limited than in Australia.
So, it's a trade-off: lower taxes in Indonesia versus more comprehensive social security in Australia.
It depends on individual priorities. Australia offers better social security and retirement, while Indonesia might appeal to those prioritizing lower taxes despite a more complex system.
Excellent summary. Any final advice?
Thoroughly research tax implications, social security benefits, and consult a financial advisor before relocating.