restfamily Posted December 20, 2006 Share Posted December 20, 2006 Does anyone know the situation on keeping some of your UK bank accounts when you in Australia? Makes sense to me to keep my savings here in a high interest account with no fees. Link to comment Share on other sites More sharing options...
Guest spray21 Posted December 20, 2006 Share Posted December 20, 2006 I asked my bank (Halifax) they said I can keep my ISA account open and it will still earn interest tax free, but I can't put more money in it once I move abroad. I'm expecting to be able to keep my ordinary accounts open - although I will probably close a few for simplicity's sake - so I'm not sure what they will do about addresses! Will ask my mum if I can put her address down as an emergency contact. TBH I do most of my banking online anyway, so I'm hoping it will all be accessible to me from Australia. Link to comment Share on other sites More sharing options...
restfamily Posted December 20, 2006 Author Share Posted December 20, 2006 Thats what I was thinking. Just remember the gain on your ISA will not be tax free in Australia. Link to comment Share on other sites More sharing options...
Guest spray21 Posted December 20, 2006 Share Posted December 20, 2006 Mwah-ha-ha, it will be fine if they don't know about it! If I just have the interest added to the ISA itself then it will all stay in the UK, I won't be accessing it or spending it, no worries! (Let's just hope the Aussie tax people don't investigate this forum too closely, :wink: ) Link to comment Share on other sites More sharing options...
Guest ohippychick Posted December 21, 2006 Share Posted December 21, 2006 I have kept my Nationwide bank account no problem. You can have an overseas address. Family just transfer money into it for Christmas/birthdays and I can withdraw as Oz cash at any cashpoint with no charges. I have also kept DD's on it and still have a Nationwide credit card Link to comment Share on other sites More sharing options...
restfamily Posted December 21, 2006 Author Share Posted December 21, 2006 Thanks. Will see wht mine let me do. Link to comment Share on other sites More sharing options...
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