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Junior ISA emigrating to Oz


nish123

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sorry Cross-posted with the sponsored forum.

 

Hi

 

My 2.5 year old son has approx £1.7k in a Junior ISA. In a few months we will be going over on a 457 visa (becoming permanently resident in Oz for tax purposes) and I understand that we can't withdraw from it, but also from then we will be limited with what we can do with those funds. I also gather that investments in a child's name can be taxed very punitively in Oz!

 

Are there any things we should do with the JISA before we move out to prepare things - also can anyone recommend a tax planner in Oz (we will live in Brisbane but happy to do business remotely) with expertise in UK investments for this sort of situation?

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