Moving Money from UK to OZ - Charges?

[Coolbythepool]

Hi all - my wife & I have now got our visas to emigrate. We are coming to Oz in March to activate the visas and do a recy for a month as well as have a good holiday.....The first question we have is regarding moving money from the Uk to Oz. We have read various and what seem conflicting views which have confused us. When finally emigrating, can we not leave money/property back in the UK without incurring large tax implications? Also the costs of moving money from the UK to Oz seem very expensive unless you move your money within 12 months of emigrating, is that true? Not wanting to sound too pesimistic, but if things do not work out, we do not want to be penalised in any way. I have spoken to my bank (HSBC) and they have confirmed charges are not too high, so what have you all done when moving your money between countries and what charges did you incur?

Thanks everyone,

Neil & Michelle

[Colin R]

Hi there Afex are very good and the charge is free for the first transfer and 5 pounds for every transfer there after.

[SOMV]

We use HIFX so I am biased, but they do not charge you for any transfers and are definitely cheaper than the banks.

Cheers