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Susan from Moneycorp

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About Susan from Moneycorp

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  1. Susan from Moneycorp

    That was the week that was.....Issue 11

    Australian Retail Sales up; Better than expected economic data for the UK; Low sentiment and low hopes in the Eurozone, and the relentlessly Un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-27-november-2020/
  2. Susan from Moneycorp

    Transferring money from house sale in UK

    Hello A&L I had the same issue when I needed to bring a chunk of GB£ over here too - I found that different banks have different daily limits: Halifax and Lloyds were prepared to up it to whatever I needed (for 24hours) then it reverted back to whatever their regulated daily limit is. Same with Santander. Nationwide would only let me do £10,000 max online (as many times as I liked). Once they know the reason for your transfer, I've found all the major UK banks or building societies will authorise. Sometimes you have to fill out a Chaps or TT form and email it back to them - other times they will ID you over the phone and do it that way. Also - at Moneycorp we hold all of our accounts with Barclays too, so it would just be an internal transfer at Barclays from your account to ours which should make it even simpler for them; we'll do the rest for you - no transfer fees and preferential rates of course for Poms in Oz clients! Give me a call if I can help! Our Sydney office number is: 0414 838586
  3. Susan from Moneycorp

    Moving to Oz in July 2021 - transferring life savings

    @Marisawright - yes, I believe so. Our clients are advised when a credit has been made to their accounts.
  4. Susan from Moneycorp

    Moving to Oz in July 2021 - transferring life savings

    Hello JBaker! ~ and huge congratulations on your 309 Moving over to Aus was the best decision I've made and telling others how fantastic it's going to be for them here never gets old.... super excited for you! (& as of today you could even go to Queensland ) Like you, I had to do the same with my savings. I sold everything I owned and had to change it to AUD. Rest assured (iii) you're covered for any UK Financial Institution loss for the first £85,000 you have entrusted to them. Additionally, under point (iii), a margin forward contract is typically between 5% & 10% (i): Transferring AUD progressively into a UK Institution with an AUD facility (I believe CBA & HSBC among others still do these accounts) gives you the opportunity to average your GBP/AUD trades and book them when the rate is in your favour. Good idea to check that bank's fees for AUD transfers as/when you wish to send over your balance. With Moneycorp, you can hold both AU$ as well as a GB£ in your account and leave your AUD with us until you're ready to send it to Australia. (iv): I find most of my clients moving to/from Aus decide to book their GBP or AUD in tranches, monitoring the rate for the level they would like to achieve. It eliminates the risk of having to trade 100% of your sum if the market goes against you. Your personal account manager at your FX provider will be able to monitor this for you 24/7 across the timezones so that you don't have to lose sleep (or get an ulcer) watching it yourself. Always here for a chat - let me know if you'd like to catch up, and congratulations again! Sue,
  5. Susan from Moneycorp

    What's been happening with the Economy?

    With so much economic and political news bombarding us all, especially in the most recent few months, we thought we'd clarify what's been going on for all our friends at Poms In Oz as we head towards the end of our year ~ Here's the round up: https://www.moneycorp.com/en-au/news-hub/aud-update-as-we-head-towards-the-end-of-the-year/
  6. Susan from Moneycorp

    Transfer AU money to the UK

    Hi Niti, Good luck and all the very best to you and your family in this new chapter ~ Whilst we're in such politically turbulent times, the currency markets will be volatile and even more unpredictable than usual. I'd always suggest doing your sum in installments to protect yourself against unexpected moves - it gives you the chance to average your overall rate far more favourably. Another safety net is to leave an order with your FX provider so they can book the trade for you at the rate you would like, once the market reaches it. It saves you having to monitor it yourself 24/7. One thing to take off your plate whilst you have so much more to organise! Feel free to contact us at the Sydney office if you want to chat further ~ 0414 838586.
  7. Susan from Moneycorp

    That Was The Week That Was..... (11)

    The Reserve Bank confirms another AUD base rate cut; The new NZ Cabinet is officially assembled; The UK "unprepared for the changes coming" and; The citizens of North America finally go to vote. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-06-november-2020/
  8. Susan from Moneycorp

    An understandably volatile week in Currency predicted.

    For any new PIO members who haven't yet registered for a Moneycorp account, feel free to use the special PIO sign-up link for free transfers, preferential rates and personal client management from our team of Private client dealers. https://www.moneycorp.com/en-gb/campaigns/partners/partner-emigration-aud/
  9. With the U.S. Election, plus the Tuesday statement on Australian interest rates due from the Reserve Bank and ongoing Brexit discussion announcements from the UK, the market is expected to be understandably volatile this week. We suggest that anyone looking to reach a specific rate leave an order with your FX specialist so that, if there are sudden moves, you don't miss the opportunity to buy or sell your currency. GBP/AUD currently trading at 1.8420 - market currently seeing the emphasis to the upside with the next resistance at 1.8500 AUD/USD currently trading at 0.7008 - market seeing the trend to the downside with the next support at 0.6970, then 0.6900 Our team will be on-hand 24/7 for our Poms In Oz members - in Australian time on our Sydney office number from 8am: 0414 838586 and, after 7.00pm (AEDT) on 02 8228 1490.
  10. Hopefully a simple question: If a UK-only citizen (not dual-citizen) working short-term in Australia (457), sells their sole property in the UK for a profit (say, £20,000) does the UK Citizen have to pay CGT ? The client doesn't own any other property here or UK and files an Australian tax return annually. Thanks
  11. Susan from Moneycorp

    That was the week that was.....Issue 10

    Further rate cuts on the horizon for the AUD; an expected landslide for Jacinda Ardern; a barely-acknowledged Brexit deadline passes for Boris Johnson and continued chaos in the clearly un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-23-october-2020/
  12. Susan from Moneycorp

    Money Transfer - being thick?!

    Hello Antipodista! Hope this finds you well today ~ and apologies for the delay.... I've finally managed to escape the office this week and have my first holiday in a long long time More than happy to have a chat: please call our office line - and the team will transfer you to me - 0414 838 586 The rate as we speak is the GBP/AUD average of the past 2 1/2 Years. The upside (1.88-2.03) has been very short-lived - the downside (1.70-1.83) much longer. We know that every major currency will be volatile between now and the end of the year with the magnitude of Political events and comments that are coming from the politicians in the spotlight - that's without Official commentary coming from Central Banks and the constant noise of the international media. Looking forward to talking and hearing how I can help ~ Sue.
  13. Susan from Moneycorp

    The upcoming U.S. Election:

    With less than a month to go until the U.S. Election, we look at what may be in store for the currency markets: www.moneycorp.com/en-au/news-hub/can-trump-win-again/
  14. Susan from Moneycorp

    Family law and custody of son

    Hi Liam, Just wanted to check in and see how you are getting on ~ I hope you've been able to get some positive help; feel free to send me a private message if you need more assistance ~
  15. Susan from Moneycorp

    Migration agent recommendations please.

    Hi CanRoverCome (& Hi Alan!) I know both Alan and his team and Cyrus Mistry's team at EasyMigrate (Peter Loughton) in WA and can thoroughly recommend them. Very professional firms. They have each been in the Migration sector for decades and will be able to give you clear professional guidance. More than happy to help with WA questions! Just send me a PM!