Jump to content

You're currently viewing the forum as a Guest
register-now-button_orig.png
and join in with discussions   
ask migration questions
message other members

..and much much more!

DevonMark

Investing money back in the UK

Recommended Posts

I’m earning some “spare” money back in the UK from letting out my old house and I’d like to invest it in a UK investment (equity) fund.  

I’m having trouble opening an account as most managers will only let you if you are a tax resident of the UK (which I don’t think I have been since I emigrated to Australia a few years back).

I was just wondering if anyone out there had any advice as I’d rather keep the money in the UK?

Any help would be appreciated. 

 

 

Share this post


Link to post
Share on other sites

Thanks for the reply. Seems like we may have to find some other options over here instead:  bringing the funds over to Australia first. 

PS And we’ll all good on the tax returns. Everything declared over here too. 

Cheers.

Share this post


Link to post
Share on other sites

I've deleted the reply you got since it's not from Vista (this is a partner forum so only Vista should be responding) so it cannot be considered professional advice.  If you want responses from general forum members, you can post the same question in the Money & Finance section.

  • Like 1

Share this post


Link to post
Share on other sites
On 31/08/2019 at 21:50, DevonMark said:

I’m earning some “spare” money back in the UK from letting out my old house and I’d like to invest it in a UK investment (equity) fund.  

I’m having trouble opening an account as most managers will only let you if you are a tax resident of the UK (which I don’t think I have been since I emigrated to Australia a few years back).

I was just wondering if anyone out there had any advice as I’d rather keep the money in the UK?

Any help would be appreciated. 

 

 

Hi

Yes that would seem to be an issue as a non UK resident.

There are potentially options by investing in sterling investments from the Australian end however these tend to be via Platforms and the ones that I am aware of have minimum investment size criteria so I think it would also depend on what amounts you are thinking of.

Regards

Andy


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×