FINP082 Financial planning for digital nomads and remote workers (688 words)

Are you currently a remote worker or digital nomad? Or are you considering becoming one? This article will explain some of the tax, income structure, superannuation, banking, cash flow, insurance and investment issues you may face, and how to adjust your financial planning to meet them.
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Conventional employees can usually plan for their financial future knowing that certain fundamental parameters will not change: their regular income, their Australian tax residency, their banking arrangements, their superannuation contributions and their insurance needs.
But for digital nomads and remote workers, the picture is completely different, and their situation will have implications for how they pay tax, contribute to super, conduct their banking and investments and ensure they are covered for health problems and income protection.