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Old Nov 21st 2017, 5:58 pm   #1
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Default moving as a pensioner from uk to italy

Hi,
My mother has just moved from UK to live with me permanently with a widow's pension.She has a savings account and some investments in the uk.

My question is does anyone know what is the best thing to do tax wise?
What kind of tax does she have to pay and in which country?
Thanks in advance.
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Old Nov 21st 2017, 6:07 pm   #2
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Default Re: moving as a pensioner from uk to italy

just moved... when? if she can avoid claiming residence until the new year she wont have to submit a tax return till june 2019.
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Old Nov 22nd 2017, 10:19 am   #3
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Default Re: moving as a pensioner from uk to italy

She came at the end of October this year. That sounds good advice, I wasn't sure about income tax and also I presume her attandance allowance will end.
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Old Nov 22nd 2017, 12:08 pm   #4
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Default Re: moving as a pensioner from uk to italy

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She came at the end of October this year. That sounds good advice, I wasn't sure about income tax and also I presume her attandance allowance will end.
Yes, attendance allowance will stop, as will many other benefits, after brexit I suspect that all except pensions will not be exportable. The government will seize the chance to save money.
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Old Dec 2nd 2017, 6:30 am   #5
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Default Re: moving as a pensioner from uk to italy

Hi another question please. My mother has a Halifax savings and current account in the UK.I've done a change of address to here in Italy as they said it was fine however perhaps it would have been better to keep a Uk address for the account??
Any advice welcome.
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Old Dec 2nd 2017, 9:48 am   #6
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Default Re: moving as a pensioner from uk to italy

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Originally Posted by profsid View Post
Hi another question please. My mother has a Halifax savings and current account in the UK.I've done a change of address to here in Italy as they said it was fine however perhaps it would have been better to keep a Uk address for the account??
Any advice welcome.
Not sure if this is relevant, but I've just been told by a woman at the Co-op that to open a bank account with them you have to be resident in the UK, with a UK address, but if you already have an account with them when you stop being a UK resident you can keep the same account.
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Old Dec 2nd 2017, 10:45 am   #7
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Default Re: moving as a pensioner from uk to italy

We moved here in May. Accounts with NatWest and they were happy for us to keep them
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Old Dec 2nd 2017, 2:06 pm   #8
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Default Re: moving as a pensioner from uk to italy

Quote:
Originally Posted by profsid View Post
Hi another question please. My mother has a Halifax savings and current account in the UK.I've done a change of address to here in Italy as they said it was fine however perhaps it would have been better to keep a Uk address for the account??
Any advice welcome.
I would guess with the uncertainties with Brexit that a UK address may be prudent for the long run, who knows what changes at be coming the future.
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Old Dec 2nd 2017, 4:48 pm   #9
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Default Re: moving as a pensioner from uk to italy

I have just received a new credit card from Nationwide with a 2020 expiry date That is a good sign.
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Old Dec 2nd 2017, 8:35 pm   #10
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Default Re: moving as a pensioner from uk to italy

Not wishing to worry anyone, but best forewarned.
I’m not too sure of the details, but friends of ours had a few problems with a well-known bank who at first said it was fine having an Italian address. However after a year or so when contacting them they were saying they could not have such an account if they had no UK address. They ended up changing the address to a relatives to keep the account.
So if you are in touch with them for any other reason in the future, I would suggest you try to avoid the mention of the fact your mum is in Italy.
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Old Dec 2nd 2017, 9:19 pm   #11
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Default Re: moving as a pensioner from uk to italy

My own experience has, in general, been very positive in terms of keeping accounts open after the move to Italy (in every case being honest about the change of address). There was just one account provider (Egg, I believe) who insisted that the account be closed. All other accounts, bank and savings - over a dozen in total - were (and with the exception of those that I've closed voluntarily) still are happy with the situation. To the extent of accepting an Italian phone number for transaction verification etc.

Opening new accounts is however not normally possible. A notable exception is National Savings for Premium Bonds, though nowadays they make it so difficult you almost wish they'd just said no in the beginning. Other National Savings products can only be purchased using a UK Bank Debit Card in your own name. And in general ISAs are potentially a minefield
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Old Dec 2nd 2017, 10:45 pm   #12
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Default Re: moving as a pensioner from uk to italy

Just make sure you declare those accounts, and any possible property she owns, in the UK or elsewhere, in her Italian tax return.
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Old Dec 12th 2017, 7:01 pm   #13
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Default Re: moving as a pensioner from uk to italy

I'm Italian and I suggest you stay in the UK. Here the taxes rise more and more. Many Italians are moving abroad.
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Old Dec 15th 2017, 5:22 am   #14
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Default Re: moving as a pensioner from uk to italy

Thanks for all your help, it's been really useful. We'll keep this Italian address for her bank account as my mother will be permanently living here but we'll register her in 2018 in Italy to help with the tax issue.
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Old Jan 11th 2018, 1:06 pm   #15
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Default Re: moving as a pensioner from uk to italy

I've registered my 83 year old mother at the ASL and they've told me that she could be excempt for paying for anylysis, tickets, medicine etc. if her income is below €36,000 gross per year.
They have asked me to produce a CUD or a 730 to prove that she earns less than this amount.
What can I show from the UK from the last financial year when she was living in the Uk to satisfy them?
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