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Are tax-free savings for part-time ex-pats covered?
kellydinero
Posts: 1 Newbie
I have my savings in a UK bank plus a foreign but UK registered bank. It is a normal current account but I filled out a tax form confirming that I am not in the UK for more than 3 months a year (I am a British citizen though) which means that I don't pay tax. It isn't an offshore account though, it's a normal account on which I don't pay tax on the interest (that is how it was explained to me, anyway), and I still have a UK address, which is a requisite for the tax-free status, I believe. I can't find out anywhere if my savings are still covered by the FSA compensation scheme. Anyone know?
0
Comments
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You are mistaken if you think that you are not UK resident based on the information provided. In which country are you resident?0
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