off shore banking
Sep 2nd 2011, 2:26 pm
#1
going slowly insane
Thread Starter
Joined: Jul 2011
Location: Riyadh KSA
Posts: 30
off shore banking
I am going to be working in Riyadh and on non resident tax status, I will have a Saudi bank account but would like to move the money out regularly to another savings account that doesn't have UK tax implications. Any Advice? 
Sep 2nd 2011, 7:02 pm
#2
BE Enthusiast
Joined: Nov 2008
Posts: 361
Sep 3rd 2011, 1:41 am
#3
BE Forum Addict
Joined: Apr 2005
Posts: 1,755
Re: off shore banking
How much will you save???
Is it worth the hassle???
How safe will an account be in Vanuato or wherever???
What are the foreign exchange implications???
When you eventually bring a big lump sum back to the UK which is greater than your monthly return will it attract the interest of HMIR
Maybe when you get to SA then ask your colleagues what they do.
Sep 3rd 2011, 8:42 am
#4
going slowly insane
Thread Starter
Joined: Jul 2011
Location: Riyadh KSA
Posts: 30
Re: off shore banking
Don't try and be too trickey dickey.
How much will you save???
Is it worth the hassle???
How safe will an account be in Vanuato or wherever???
What are the foreign exchange implications???
When you eventually bring a big lump sum back to the UK which is greater than your monthly return will it attract the interest of HMIR
Maybe when you get to SA then ask your colleagues what they do.
How much will you save???
Is it worth the hassle???
How safe will an account be in Vanuato or wherever???
What are the foreign exchange implications???
When you eventually bring a big lump sum back to the UK which is greater than your monthly return will it attract the interest of HMIR
Maybe when you get to SA then ask your colleagues what they do.
