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Re: Transferwise Experience / Working on Irish payroll in Canada
I've worked remotely part time on UK contracts for a number of years for the same employer and done one offs for others. The main one has sometimes had me on a contract for services and more recently put me back on payroll. I declare what I've earned to the CRA and what tax I've paid. It's important to keep records as I sometimes get asked by the CRA of evidence of tax paid to HMRC. And of course the different tax year is slightly annoying for calculations. My main contractor very kindly provides me with a statement of earnings and tax paid for Jan-Dec so I can report to the CRA more easily.
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Re: Transferwise Experience / Working on Irish payroll in Canada
Hi, also take a look at dualitybanx.com, the fees are fixed so for transfers over €5k they could work out cheaper than Transferwise etc
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Re: Transferwise Experience / Working on Irish payroll in Canada
Originally Posted by Snowy560
(Post 12738284)
I've worked remotely part time on UK contracts for a number of years for the same employer and done one offs for others. The main one has sometimes had me on a contract for services and more recently put me back on payroll. I declare what I've earned to the CRA and what tax I've paid. It's important to keep records as I sometimes get asked by the CRA of evidence of tax paid to HMRC. And of course the different tax year is slightly annoying for calculations. My main contractor very kindly provides me with a statement of earnings and tax paid for Jan-Dec so I can report to the CRA more easily.
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Re: Transferwise Experience / Working on Irish payroll in Canada
Originally Posted by albertodb
(Post 12740165)
Hi, also take a look at dualitybanx.com, the fees are fixed so for transfers over €5k they could work out cheaper than Transferwise etc
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Re: Transferwise Experience / Working on Irish payroll in Canada
Originally Posted by Hurlabrick
(Post 12738262)
Huh? Never heard of the Transferwise card. I have an online account with TW and use that to transfer from my UK Nationwide account to my Canadian bank account.
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Re: Transferwise Experience / Working on Irish payroll in Canada
Potential problem. :unsure: I did my latest monthly transfer and noticed a change yesterday. The bank transfer option - where it gives you an account number and sort code, which you input on your UK bank site (using a card reader as a one time thing) - is now coming up as Open Transfer and my UK bank is not listed. Is was not listed previously either, but I could select 'other' and it worked fine. But now it says only those listed. I had to revert to my previous method - inputting debit card details. But my UK bank has recently announced a further security step to be introduced when using debit card and it requires contact (text I think) via a UK mobile phone which I don't have. If the UK bank doesn't have an easy workaround, I may have to open a TW account and have my UK pension paid in or find another transfer service. :( I have emailed TW. Hopefully they'll add my bank to the Open Transfer list. :fingerscrossed: |
Re: Transferwise Experience / Working on Irish payroll in Canada
Originally Posted by BristolUK
(Post 12745648)
The bank transfer option - where it gives you an account number and sort code, which you input on your UK bank site (using a card reader as a one time thing) - is now coming up as Open Transfer and my UK bank is not listed.
The bank transfer option is now there alongside the new open transfer. |
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