We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Premium Bonds living abroad
fausto
Posts: 1 Newbie
I have recently applied to purchase some UK Premium Bonds and have had my application rejected twice. I am a UK National but now live in Italy and have been told that I have to get a copy of my UK passport signed by a UK lawyer to confirm my identity and secondly I have to supply a Tax code in the country in which I live.
As I don't work here in Italy I rang NS&I and told them this, they told me that I have to contact the tax authorities here in Italy, whom I currently have no dealings with, and ask them to send me a letter saying this???
Has anyone else had similar experiences and is there anyway of investing my money without going to such extreme measures?
As I don't work here in Italy I rang NS&I and told them this, they told me that I have to contact the tax authorities here in Italy, whom I currently have no dealings with, and ask them to send me a letter saying this???
Has anyone else had similar experiences and is there anyway of investing my money without going to such extreme measures?
0
Comments
-
They need to verify your identity and address according to the T&C's.
http://www.nsandi.com/products/pb/tandc.jsp
They have a duty to prevent money laudering, which I guess is very prevalent in Italy. Accordingly, I do not believe there is any easy way around these requirements.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Italy has recently increased its penalties for failure to disclose bank accounts held abroad, so you want to be filing in Italy anyway to avoid penalties.
I suggest you do what N S & I suggest so as to regularise your position.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards