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RichC

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About RichC

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  1. Hi Gbye grey sky I may have a fix for you. I am just in the process of setting up an account with an off shore trader Internaxx (There are other companies such as SAXO) who are based in Luxembourg and seem like they are willing to give an account to someone in our situation. I will be looking to set up several ETFs to get my savings working and hopefully if Sterling improves in the future move some over to OZ. If you take a look let me know your thoughts as id be interested in a second opinion. Rich
  2. Hi Alan Collet Thanks for the info. Does that mean i just need to only pay tax on that world wide capital gain here in OZ at the end of Ozzy tax year or will i also be liable back in the Uk also ? Best regards
  3. Gbye Grey Sky After reading your post i checked my Fidelity personal details, and for some reason they still have my Uk address listed even though i have told them i now live in Oz. I will be contacting them shortly and will let you know if they tell me anything different but i imagine i will be in the same boat as yourself... If that is the case that is incredibly frustrating as ive already incurred some pretty hefty costs getting established in OZ and now all assets and cash is stuck in limbo. As for finding a new investment vehicle in the UK untill a better exchange rate hopefully happens, property, land, bonds and gold look bleak and the only thing i could think of was something like funding circle but the same rules may apply. How come you still have your investments held over in the uk when you moved to OZ in 2015 ? Best Regards
  4. Hi Gbye grey sky Im just expecting a correction as historically there are corrections averaging once a year at roughly 10% drop in total market value which did not happen this year that i can see, and a Bear market comes roughly every 4-5 years and its been 7 since the last one. Im not wishing for another recession to hit but its a great time to buy more shares if there is the opportunity. Great i hope that is the case regarding the double taxation as i think i must have miss read something in the past saying something to the contrary which scared the life out of me! I agree i think ill have to see a professional (open to recommendations) but just want to go armed with as much knowledge as possible. Regarding Fidelity, i am able to swap index funds by closing an existing one and moving total stock/money into a new fund all online all still within the ISA, but i have not tried to buy into a brand new fund with cash savings since being in OZ so that could be interesting. If you by chance still have an active HSBC uk account, they are open to trading individual stocks if you open a share dealing account. I dont often do it myself as i prefer the index fund route. Thanks for the advice
  5. Hello i would appreciate some advice. My partner and i moved to QLD in February from the UK and we have permanent residency status (we love it) Annoyingly we moved out shortly after Brexit when the Pound had massively dropped in value so only brought enough money over to get started and get on the property ladder. I do feel as though the Pound will regain some of its former strength eventually but i wouldnt be surprised if it takes another 3 years or so I have substantial savings just sat in a bank in the UK earning less than inflation and some stocks and shares held within ISA's which i can no longer contribute to and maximise as im no longer living in the UK, plus some rental properties. I have been waiting for a Bear market or at least a market correction (surely it must be coming soon !) to invest the money sat in the bank in three or four low cost unmanaged index trackers probably with Fidelity.co.uk (who i have my ISA's with) to capitalize on the cheap stock prices then hopefully enjoy the next rise in the markets by which time i am hoping the Pound will have gained some strength against the Dollar. At this point in the future i would hopefully be able to move some or all of the money over to OZ to use here or just invest in an Ozzy fund provider for future retirement. What im not sure on is the potential Tax implications on profits made on those shares and any issues regarding timing of moving money over to OZ. Im looking to make my savings and assets work for me but and be efficient as possible but dont want to fall foul to Tax Issues like being taxed in both countries or paying more Tax than necessary. Thanks Richard
  6. Hello i would appreciate some advice. My partner and i moved to QLD in February from the UK and we have permanent residency status (we love it) Annoyingly we moved out shortly after Brexit when the Pound had massively dropped in value so only brought enough money over to get started and get on the property ladder. I do feel as though the Pound will regain some of its former strength eventually but i wouldnt be surprised if it takes another 3 years or so I have substantial savings just sat in a bank in the UK earning less than inflation and some stocks and shares held within ISA's which i can no longer contribute to and maximise as im no longer living in the UK, plus some rental properties. I have been waiting for a Bear market or at least a market correction (surely it must be coming soon !) to invest the money sat in the bank in three or four low cost unmanaged index trackers probably with Fidelity.co.uk (who i have my ISA's with) to capitalize on the cheap stock prices then hopefully enjoy the next rise in the markets by which time i am hoping the Pound will have gained some strength against the Dollar. At this point in the future i would hopefully be able to move some or all of the money over to OZ to use here or just invest in an Ozzy fund provider for future retirement. What im not sure on is the potential Tax implications on profits made on those shares and any issues regarding timing of moving money over to OZ. Im looking to make my savings and assets work for me but and be efficient as possible but dont want to fall foul to Tax Issues like being taxed in both countries or paying more Tax than necessary. I dont know if anyone has been in a similar situation but all advice is welcome. Thanks Richard
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