cazzac70

I would like to transfer funds(approx 6000 GBP) from my investment accounts in the UK to Australia.

The funds can be released into a UK bank account(which I no longer have) or via cheque.

Given the current exchange rates, I am desperate to find the cheapest way to do this. I could use a family members account in the UK for the transfer but unsure if it is possible for them to electronically transfer it into my account. Would it be as easy/cheaper to bank the cheque here and pay the associated fees.

Also, does anyone know the maximum amount of cash that can be transferred in to Australia without being taxed?

Cheers, C

JAJ

Bank transfer is the usual way. Why on earth did you close your bank account?


No maximum. You might have a foreign exchange gain or a loss, depending on when you became Australian resident.