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Showing results for tags 'money transfer'.
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Hi, It’s been a while - life, hey, but I hope you’re all well. Turns out I need to claim my UK pension from Royal Mail, and I don’t know what to do. The guys at Vista Finance were absolutely wonderful and told me that given how little is in the pension, i would lose more than I’d gain by formally transferring the pension. I’m a Aus citizen with a small lump sum in England and an annual pension of something like a couple of thousand £pa. If I give the pension people my Australian bank account details, will the bank automatically convert it and if so, will there be charges or just a slightly lower conversion rate? With the lump sum, I obviously want to lose as little as possible as there’s not much TO lose ! I know I will pay tax on the money, and whilst I think that’s fair, again, I’d like to pay as little as possible…would it help if I put the money in my Super? I’ve tried asking the bank but whilst the person in International was lovely, when I asked about charges, she told me she “didn’t think so” . We went to a financial advisor, (not Vista as it was a different issue) but they didn’t help at all. I’m hoping that someone on here has actual experience that can help guide me . TIA LC
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Now is the best time to transfer money to the UK in 5 years
Ian from SendPayments.com posted a topic in Money & Finance
The past 24 hours have seen the Australian Dollar surge to highs v the Pound that PIO members will not have experienced since 2017*, so if you are considering transferring any funds back to the UK now could be a good time for you. A combination of the Royal Bank of Australia leaving its cash rate unchanged at 0.1%, soaring commodity prices, a strong trade surplus and the ongoing war in Ukraine are the major contributing factors aiding this. Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK. Receive a free exchange rate quote *Article written on 06/04/22 -
Now is the best time to transfer money to the UK in 5 years
Ian from SendPayments.com posted a topic in UK Chat
The past 24 hours have seen the Australian Dollar surge to highs v the Pound that PIO members will not have experienced since 2017*, so if you are considering transferring any funds back to the UK now could be a good time for you. A combination of the Royal Bank of Australia leaving its cash rate unchanged at 0.1%, soaring commodity prices, a strong trade surplus and the ongoing war in Ukraine are the major contributing factors aiding this. Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK. Receive a free exchange rate quote *Article written on 06/04/22 -
Which is the better option in transferring money to Australia , Moneycorp or Transferwise ? Any other suggestions? I am looking to transfer something between 5000 GBP to 8,000 GBP to an Australian bank account ?
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Hello, I currently hold UK funds and stocks via Hargreaves. I also have been working and saving in Australia and have opened a NAB Trade account. I am new to AUS investments but have noticed that shares here are not as expansive as it is in the UK. I am wondering, because I am not so familiar with ASX, to transfer all my AUD savings to my UK account and invest in LON? Or are there better reasons to keep it AUD and invest in the ASX instead? If so, where can I get reliable investment news and advice which are similar to what Hargreaves offer? I am mostly a long-term investor, looking for something steady and stable over a year or longer which is why i have mostly funds. Thanks in advance.
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Hello, If all goes well, then my family and I are planning to move to Adelaide in the month of Aug - Sept 2018 and have a few concerns / questions on money transfers. can one open a bank account from overseas, i.e. before arriving in Adelaide? If so then how do we go about it? (Money transfer from UAE, Qatar) any recommendations on banks? Some with low service charges etc? is the transferred money taxed? If so then what % Appreciate any other additional info that you may think is useful. Thank you. KPG
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Hi all - We have already set up a NAB account (thanks POMSINOZ) - our bank in NZ charges through the nose to transfer funds to an overseas account - through some internet searching and finding many favorable reviews I came across OrbitRemit - our first transfer they didn't charge anything, and after that it works out as $5 NZD (about $4 AU). Hope it helps
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Using cars to increase the money you can bring to Aus? Surely not this easy?
CrozierFamily posted a topic in Money & Finance
Hi I am hoping someone can point out a flaw in my logic someplace, please help! I am thinking about how to transfer my £ equity to Australia to get the best deal I can. The exchange rate is not great, so I was thinking of alternatives. What I have noticed is that the price of some cars in Australia is very high, compared to the UK. An example I have is a friend of mine who is currently selling a car in the UK for £17k. In Aus I have found the exact same car for sale at around £45k. Now I know shipping and taxes at will eat up maybe £5k, but still that is a double your money scenario. I am thinking that instead of transferring cash, I purchase vehicles I know are worth a lot of money in Aus and ship them. Then convert the value in Australia. There must be some flaw to my cunning plan, or surely everyone would do this, does anyone know what the flaw is? Cheers, Andrew -
Going back to uk for holiday!!- take au$$ or use uk££ savings -
charliebhoy posted a topic in Aussie Chat
HELLO THERE ! me and my wife are heading back to blighty for a months visit and was wandering if any1 can advise me on wether to exchange aussie dollars to ££s or dont bother and just use money we have already in uk accounts for our spends.. !!!! people say that its good if your going from oz to uk but not so great the other way around!!! any advice here would be appreciated - thanku:xmas21: -
Hi folks! I got my SS from WA and already lodged for a visa. Now just waiting.. My question is regarding the obligation regarding the money transfer which is mentioned in the SS agreement. There is a following paragraph there: You transfer around 40K$ into Western Australia for living costs and domestic arrangements. I wonder how strict are the government to this obligation? Since the moment I signed the agreement things are changed and I'm not sure I can transfer this amount of money now. When I take into account the around word, which is mentioned in the agreement, I assume they will not argue if there are minor differences. But what if the total amount will be far less than 40K$? Thanks!
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Opening bank account before arriving to OZ and transferring money
EugeneS posted a topic in Money & Finance
Hi folks! We're heading for OZ approximately in the end of the year. As far as I understood from some of the older threads here, it is possible to open bank account before actually arriving and provide some arrival date estimation. My question is about how is it practically done? Can just do it online? If yes, how? And the second question is regarding money transfer. Can I deposit some money after opening the account? If yes, how that can be done? Please notice that I do not arrive from UK. Thanks in advance!! Eugene
