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Anyone know if you can keep your account open in Australia while living in the UK?


RaboDirect insist you close your account if your no longer a Tax resident in Australia.


Not sure about ING Australia.


Thanks for any help.

spouse of scouse

I've kept my Commonwealth Bank account in Australia and I live in the UK. They were fine about it, even organized extra security for my online banking. Just give ING a call and ask them.

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Cheers, yep but if they say no I'm stuffed.


The big banks are fine, its the online saving providers, they have to deduct 10% at source from any interest income, some do not provide this service.

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Just been into the portal.


Product: Savings Accelerator


Under Tax, there is a balance currently at $0.00 Non Resident Tax withheld.


So should be alright?

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It won't allow me to input a UK address. Ummmm

Dorothy

Can you not just use a friend in Australia's address?

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Wanna be my friend....

Dorothy

No worries. If you want to use my address I'll collect your mail from ING and send it to you in the UK.

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Okay.....

I'll ping you a private message. Always knew you were a lovely lady...Thanks.

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Some lovely people on this planet....

There really is...

My faith in human kind is restored...

Pollyana

Dorothy, you're a gem

quiltman

what a lovely gesture Dorothy. Renews my faith in human nature.
We have a friend in UK who does this for us with our UK bank accounts - probably 4/5 letters a year between the two of us. She also couriers our new credit/debit cards as the bank will not send them here to Philippines. I just transfer enough pennies to her bank account to cover the costs.

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http://britishexpats.com/forum/austr...sident-895340/


That's the problem I have, above?


If I use a friends address; so I am still classed as an Australian resident for tax purposes; which I am not. I am an Australian citizen, but not a resident for tax purposes. So legally, my financial institution must deduct 10% non residents savings tax at the source of my interest income received within Australia. They will not do this if I have a Australian address registered on my account.


In the Ing Direct portal, there is a Non Residents Tax balance, currently at zero; so maybe they will allow an overseas address. But when you try to input in an address other than one in Australia, RED alert, you need to add a proper Ozzy address.
If I call them, and they say no, you can't have an account with us if your not a resident within Australia. I have to close the account, and then I'm stuffed..


What a palaver.....


Many thanks to Dorothy, what a lovely woman.

rammygirl

Just move your account to a bank that does allow it. Never had problems with Westpac or NAB.

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Without being in Australia its impossible to open another account...