Premium Bonds
Apr 15th 2008, 2:28 pm
#1
Thread Starter
Joined: Sep 2007
Posts: 295
Premium Bonds
Can anyone tell me if i can keep my premium bonds here in the UK when i move to Oz?
I know that i will have to pay tax on any winnings but not sure if thats here in the UK or Oz or both? and i know they have restrictions in certain countries such as the US, that you can't keep them, but i haven't been able to find a list of countries that they allow them to continue, if that makes any sense.
Any help would be gratefully accepted, as im very confused.
I know that i will have to pay tax on any winnings but not sure if thats here in the UK or Oz or both? and i know they have restrictions in certain countries such as the US, that you can't keep them, but i haven't been able to find a list of countries that they allow them to continue, if that makes any sense.
Any help would be gratefully accepted, as im very confused.
Apr 16th 2008, 12:45 am
#2
Addicted to browsing BE
Joined: Oct 2005
Location: Brisbane, QLD
Posts: 2,046
Re: Premium Bonds
Well I don't know the rules exactly, but I still have mine! I changed my address and check every month online.....still no luck, COME ON Ernie!
Apr 16th 2008, 1:18 am
#3
Forum Regular
Joined: Mar 2005
Location: Carramar, Perth
Posts: 98
Re: Premium Bonds
Hi
yes you can keep them, I rang before leaving and checked. Just wait until you're got a permanent address in Aus, then write to advise your new address.
Good luck!
Karen
yes you can keep them, I rang before leaving and checked. Just wait until you're got a permanent address in Aus, then write to advise your new address.
Good luck!
Karen
Apr 16th 2008, 9:32 am
#4
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: Premium Bonds
Yes, you can keep them - but not buy any new ones.
You pay tax in Australia on the winnings and of course are at the mercy of exchange rates when you cash them in - plus having to pay Australian tax on any increase in capital value.
Sold all mine before leaving - we had a constant income from them but the hassle was going to be too much!
You pay tax in Australia on the winnings and of course are at the mercy of exchange rates when you cash them in - plus having to pay Australian tax on any increase in capital value.
Sold all mine before leaving - we had a constant income from them but the hassle was going to be too much!
Apr 16th 2008, 1:09 pm
#5
BE Enthusiast
Joined: Sep 2007
Location: sat in the middle of somewhere :(
Posts: 432
Re: Premium Bonds
Is there anything simular in Australia as I do quite well with mine too
Apr 16th 2008, 1:31 pm
#6
Thread Starter
Joined: Sep 2007
Posts: 295
Re: Premium Bonds
Thank you for your replies, i too get a very nice income from my bonds and thats why i wanted to keep them. Another question though, do you get a cheque in Oz dollars? And then do i just declare the winnings on my tax forms?
