Bank Accounts
Feb 25th 2005, 6:59 am
#1
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Bank Accounts
hI
when you have left for OZ has anyone kept a UK bank account open ? , is this feasable ?
Would be gratefull of any thoughts on this.
Cheers
Damian
when you have left for OZ has anyone kept a UK bank account open ? , is this feasable ?
Would be gratefull of any thoughts on this.
Cheers
Damian
Feb 25th 2005, 7:08 am
#2
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Re: Bank Accounts
I reckon I will keep an ISA open with some sterling in, just in case I need to fly home in an emergency.
SS
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Feb 25th 2005, 7:34 am
#3
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Re: Bank Accounts
Originally Posted by SuperSeagulls
I reckon I will keep an ISA open with some sterling in, just in case I need to fly home in an emergency.
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Feb 25th 2005, 7:35 am
#4
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Re: Bank Accounts
Feb 25th 2005, 7:40 am
#5
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Re: Bank Accounts
Originally Posted by SuperSeagulls
I reckon I will keep an ISA open with some sterling in, just in case I need to fly home in an emergency.
SS
SS
You know that once a non-uk resident, you will no longer be able to put any more money into this. You (or I do for my mini-ISA) still gain interest on it though. For this reason I also left another UK a/c open with a small amount of money in it - my g'parents/parents still give me token amounts of Christmas, so this goes straight into that account now. My IR tax rebate also went into this.
Cheers
Feb 25th 2005, 7:56 am
#6
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Re: Bank Accounts
Originally Posted by mlbonner
You know that once a non-uk resident, you will no longer be able to put any more money into this. You (or I do for my mini-ISA) still gain interest on it though.
Feb 25th 2005, 8:01 am
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Re: Bank Accounts
Originally Posted by ABCDiamond
But remember; this interest will be classed as taxable income in your Australian Tax return.
Trust me, I don't have enough money there to worry about it. I only opened the a/c a year ago, and nothing has gone in it since June
Feb 25th 2005, 8:02 am
#8
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Re: Bank Accounts
Originally Posted by ABCDiamond
But remember; this interest will be classed as taxable income in your Australian Tax return.
Just a thought, did anybody FORGET to tell people to stop Family Allow or Tax credit payments. I presume this would be a bit naughty !!
Feb 25th 2005, 8:08 am
#9
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Re: Bank Accounts
Originally Posted by FITCHETT FAMILY
Thanks MrsD,
Just a thought, did anybody FORGET to tell people to stop Family Allow or Tax credit payments. I presume this would be a bit naughty !!
Just a thought, did anybody FORGET to tell people to stop Family Allow or Tax credit payments. I presume this would be a bit naughty !!
re. the ISA, as soon as I changed my address to Australia, the system automatically prevented any more deposits.
Feb 25th 2005, 8:34 am
#10
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Re: Bank Accounts
Yes we still have an account there with switch and visa cards too. We have an endowment left that we pay each month overthere. It also makes it easy for the rellies to pop some english money in there, we buy the kids prezzies from them and give them on their behalf, this way it keeps the account topped up. Great for a holiday too.
Feb 25th 2005, 4:38 pm
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Re: Bank Accounts
Originally Posted by hevs
Yes we still have an account there with switch and visa cards too. We have an endowment left that we pay each month overthere. It also makes it easy for the rellies to pop some english money in there, we buy the kids prezzies from them and give them on their behalf, this way it keeps the account topped up. Great for a holiday too.
