wooddar Posted January 23 Share Posted January 23 Hi. We are dual citizens living in Sydney planning to move back to Uk and maybe sell Australian property for family reasons/ interest rates to reduce complexity. We would like option to return later to Australia maybe. Would really appreciate suggestions how we could maintain bank accounts etc with no fixed address having sold property in Australia. Is this is a good idea or are there other ideas people have found worked. We will inherit Uk property post our retirement so could rent in Uk for next 20 years or buy using Australian profit on property as deposit. Family in mostly based in Perth and UK (children) thanks in advance. Kind Regards. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted January 23 Share Posted January 23 13 minutes ago, wooddar said: We are dual citizens living in Sydney planning to move back to Uk and maybe sell Australian property for family reasons/ interest rates to reduce complexity. We would like option to return later to Australia maybe. Would really appreciate suggestions how we could maintain bank accounts etc with no fixed address having sold property in Australia. You won't have a fixed address in Australia, but surely you'll have an address in the UK? There's no obstacle to keeping your Australian accounts while living overseas. All you need to do is notify your Australian bank(s) and superannuation funds of your overseas address, and then keep them updated as you move around. The easiest way to do that is online, so make sure you understand how to use their online systems, and you may find you'll also need to keep an Australian mobile phone so you can receive SMS messages for two-factor identification. You might want to consider moving your bank accounts to HSBC because they seem the most flexible when it comes to overseas customers. If you were moving back for a few years, I'd say hold onto your Australian property, rent it out, and rent in the UK. However 20 years is a long time to be renting. 2 Quote Link to comment Share on other sites More sharing options...
rtritudr Posted February 14 Share Posted February 14 Yes definitely go with HSBC. Not only are they used to customers who reside abroad, but the instant transfers between your own HSBC accounts world-wide makes this choice a no-brainer. Quote Link to comment Share on other sites More sharing options...
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