If you had £100,000 .........
Mar 27th 2011, 10:52 pm
#1
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If you had £100,000 .........
If you had £100,000 languishing in a British bank account, lived in Australia, had no property investments, did not want to shift it to Australia because of the exchange rate, what would you do with it?
Obviously "Speak to a financial advisor" would be the first response - second response?
Obviously "Speak to a financial advisor" would be the first response - second response?
Mar 27th 2011, 11:01 pm
#2
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Re: If you had £100,000 .........
Why not move it though? You would at least be earning a much better interest rate with it just languishing in a bank here. You could wait forever for a decent exchange rate to return
Mar 27th 2011, 11:09 pm
#3
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Re: If you had £100,000 .........
One would have to keep an eye on the FX rate. Whilst it might work in favour it also might also negate any gains.
Mar 27th 2011, 11:13 pm
#4
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Re: If you had £100,000 .........
I guess if we had the benefit of a crystal ball, it would make it a much easier decision!
I tell you what, when we cash in our endowment & move that across I'll let you know as the exchnage rate is bound to improve as soon as we do it!
I tell you what, when we cash in our endowment & move that across I'll let you know as the exchnage rate is bound to improve as soon as we do it!
Mar 27th 2011, 11:36 pm
#5
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Re: If you had £100,000 .........
If you had £100,000 languishing in a British bank account, lived in Australia, had no property investments, did not want to shift it to Australia because of the exchange rate, what would you do with it?
Obviously "Speak to a financial advisor" would be the first response - second response?
Obviously "Speak to a financial advisor" would be the first response - second response?
You can open a UK premium bond account from Australia
Mar 28th 2011, 12:04 am
#6
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Re: If you had £100,000 .........
Id get all the family to have all their teeth sorted back in the UK, so I didnt have to give it all to a greedy Aussie dentist
Gems
Gems
Mar 28th 2011, 12:07 am
#7
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Re: If you had £100,000 .........
I'm wondering if a healthy deposit on a flat in the UK could generate 7 or 8% yeild on rental income vs mortage repayments and other costs. I suspect the growth on the property price would be minimal at the moment.
Mar 28th 2011, 12:11 am
#8
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Re: If you had £100,000 .........
The only exception is for people on some temporary visas
Mar 28th 2011, 12:48 am
#9
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Re: If you had £100,000 .........
If you had £100,000 languishing in a British bank account, lived in Australia, had no property investments, did not want to shift it to Australia because of the exchange rate, what would you do with it?
Obviously "Speak to a financial advisor" would be the first response - second response?
Obviously "Speak to a financial advisor" would be the first response - second response?
Mar 28th 2011, 1:38 am
#10
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Re: If you had £100,000 .........
If you had £100,000 languishing in a British bank account, lived in Australia, had no property investments, did not want to shift it to Australia because of the exchange rate, what would you do with it?
Obviously "Speak to a financial advisor" would be the first response - second response?
Obviously "Speak to a financial advisor" would be the first response - second response?
Mar 28th 2011, 3:46 am
#12
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Re: If you had £100,000 .........
Absolutely - but you would still have to pay tax if you were earning interest in an Oz bank account. Either way escaping the clutches of the UK and Oz tax people is unavoidable. I suspect the double taxation treaty would cover most of it - right?
Mar 28th 2011, 3:56 am
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Re: If you had £100,000 .........
If you had £100,000 languishing in a British bank account, lived in Australia, had no property investments, did not want to shift it to Australia because of the exchange rate, what would you do with it?
Obviously "Speak to a financial advisor" would be the first response - second response?
Obviously "Speak to a financial advisor" would be the first response - second response?
Mar 28th 2011, 6:30 am
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