"Anyone not going to Aus because of the high cost of living and the cr@p exchange rat

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Apr 4th 2011, 1:42 pm

#196

Beoz

Lost in BE Cyberspace

Joined: Dec 2010

Posts: 14,040

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Fluid36

there are various ways around this such as setting up your own charity.

Is this a legal risk?

Apr 4th 2011, 1:47 pm

#197

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Fluid36

Good to know,

By the way, have you experienced any issues with not being resident in the UK and operating a UK share account?, When one of my brokers found out I was resident in Australia they said that they would close my account down due to not being resident in the UK. The only way round this was for me to convince them that I was in fact resident in the UK and use a friends address.

Thanks

I use TD Waterhouse. They know I'm not resident. No problems.

Apr 4th 2011, 1:50 pm

#198

Turban Explorer

Possum. Amiculum. Latrina

Joined: Jan 2011

Location: Footloose

Posts: 3,427

Turban Explorer has a reputation beyond repute

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Fluid36

No I haven't. I still have addresses in my name in the UK which I have used though.

Apr 4th 2011, 2:05 pm

#199

Fluid36

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Joined: Aug 2009

Posts: 576

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Rambi

I use TD Waterhouse. They know I'm not resident. No problems.

Ok Thanks

Apr 4th 2011, 2:05 pm

#200

Fluid36

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Joined: Aug 2009

Posts: 576

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Turban Explorer

No I haven't. I still have addresses in my name in the UK which I have used though.

Thanks

Apr 4th 2011, 2:06 pm

#201

Fluid36

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Joined: Aug 2009

Posts: 576

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Beoz

Is this a legal risk?

Could be - depends how you do it.

Apr 4th 2011, 2:13 pm

#202

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Fluid36

Ok Thanks

Actually if I was to do it now I would probably use £ account on etrade (Aus) instead. They didn't have it when I set up the TD Waterhouse account.

Apr 4th 2011, 3:17 pm

#203

Fluid36

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Joined: Aug 2009

Posts: 576

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Rambi

Actually if I was to do it now I would probably use £ account on etrade (Aus) instead. They didn't have it when I set up the TD Waterhouse account.

Does etrade in Aus allow multiple currencies and trading on overseas indices (FTSE etc).?

Apr 4th 2011, 7:09 pm

#204

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: "Anyone not going to Aus because of the high cost of living and the cr@p exchange

Quote:

Originally Posted by Fluid36

Does etrade in Aus allow multiple currencies and trading on overseas indices (FTSE etc).?

I think I got a bit mixed up. Etrade allows you to trade on overseas exchanges but it does look like the trades are done in $.

It's TD waterhouse that allows multiple currencies.

Sorry about that.