Uk life insurance investment bond cashing in as Australian resident
Jan 27th 2024, 9:26 pm
#1
Forum Regular
Thread Starter
Joined: Jan 2004
Location: Melbourne, Elwood
Posts: 135
Uk life insurance investment bond cashing in as Australian resident
Having held this for (originally Allied Dunbar then Zurich)over 20 years and being an Aus resident since 2006 i need someone to advise their experience if any please. Pulling my hair out
Jan 29th 2024, 4:56 pm
#2
BE Forum Addict
Joined: Sep 2005
Posts: 1,207
Re: Uk life insurance investment bond cashing in as Australian resident
Advice on what exactly. The tax situation? I would guess it will be taxed in Australia but possibly only the growth since you left the UK. It may also depend if you have been paying into it since leaving.
You may need a good accountant able to advise on Uk and Aus tax.
You may need a good accountant able to advise on Uk and Aus tax.
