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NS & I Saving Certificates for Non Residents
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buffman
Posts: 440 Forumite


I currently live and am resident in the UK. However in a couple of years I am thinking of emigrating and will no longer be a UK resident.I hold a number of NS & I Index Linked Saving Certificates. Will I be able to keep these when I move abroad and no longer have a UK address? When they mature after I have left the UK, will I be able to roll them over into a new NS & I Index Linked Saving Certificate or will I have to redeem them?
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Comments
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NS&I index linked certs can be purchased by anyone over 18 years of age, regardless of tax residency. Therefore, you can roll them over as you want.
http://www.nsandi.com/files/published_files/asset/pdf/index-linked-savings-certificates-key-features.pdfIn 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 -
The certificate income is free of UK tax but your new country of residence may tax your income from the UK.
"Index-linked Savings Certificates / Fixed Interest Savings Certificates
These require customers to have a UK bank account that can receive BACS transfers."
http://www.nsandi-adviser.com/resources/useful-information/overseas-client-information/0 -
"Index-linked Savings Certificates / Fixed Interest Savings Certificates
These require customers to have a UK bank account that can receive BACS transfers."
http://www.nsandi-adviser.com/resources/useful-information/overseas-client-information/
So as long as I am able to keep open a UK bank account, I should have no problem? Which banks will be happy to keep me as a customer once I no longer have a UK address and am non-resident?0
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