GBP savings account
Nov 7th 2004, 3:26 am
#16
Retired
Joined: Apr 2004
Posts: 34,649
Re: GBP savings account
Originally Posted by sackofspuds
No it doesn't, but I just phoned them and you have to live in the UK for at least 6 months of each year so I suggest it will be similar with other financial institutions.
Many banks are childish about opening accounts for non-residents, however if you have opened an account as a resident they are unlikely to force you to close it when you move overseas.
Jeremy
Nov 7th 2004, 9:59 am
#17
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: GBP savings account
Originally Posted by sackofspuds
<snip>
With pensions, the Inland Revenue gives relief on the contributions. Clearly only UK residents get this.
With pensions, the Inland Revenue gives relief on the contributions. Clearly only UK residents get this.
Actually, I don't think that's the case. I recall (and I stand to be corrected here) that so long as you have had UK earnings in one of the last 6 years you can make pension contributions into a UK scheme ...
Best regards.
Nov 7th 2004, 11:43 am
#18
Just Joined
Joined: Aug 2004
Location: IN WALES
Posts: 28
Re: GBP savings account
Originally Posted by sackofspuds
If we end up moving back to Oz (still a bit up in the air; no IT jobs for me in Adelaide) then I won't be changing all our GBP into AUD straightaway.
The thing is, the best UK savings accounts are for UK residents.
Does anyone know:
1. Can I keep savings in the UK so long as I opened the savings account while I was a UK resident?
2. If not, would an offshore sterling account be appropriate? Any recommendations?
3. Anyone know of any sterling savings accounts in Oz?
The thing is, the best UK savings accounts are for UK residents.
Does anyone know:
1. Can I keep savings in the UK so long as I opened the savings account while I was a UK resident?
2. If not, would an offshore sterling account be appropriate? Any recommendations?
3. Anyone know of any sterling savings accounts in Oz?
Hi There , just opened a HSBC account that will entitle me to gain access to account in oz (at most banks in every state) there is a charge but its not too bad if you withdrawer a big amount ,and can access it as normal in U.K. They also have off shore accounts as do nationwide just check charges for stirling to dollar payments..................charges for everything hey? :scared:
Nov 7th 2004, 12:00 pm
#19
Retired
Joined: Apr 2004
Posts: 34,649
Re: GBP savings account
Originally Posted by The Welsh Wizard & co
Hi There , just opened a HSBC account that will entitle me to gain access to account in oz (at most banks in every state) there is a charge but its not too bad if you withdrawer a big amount ,and can access it as normal in U.K. They also have off shore accounts as do nationwide just check charges for stirling to dollar payments..................charges for everything hey? :scared:
If so, then check the charges for accessing that account in HSBC branches in Australia, it won't be cheap. Nor will it be possible to have an Australian salary paid into it.
Jeremy
