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Investments in UK banks but now abroad.

I took out ISAs, fixed rate bonds and high interest savings accounts with UK banks last year.

However, i have been resident in the republic of Ireland for the last 6 months.  The investments are set to mature this year.

Will my non-residence in the UK affect these investments?

I have not informed the banks of my residence outside the UK.  Should I?

Comments

  • born_again
    born_again Posts: 24,050 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    seanny said:
    I took out ISAs, fixed rate bonds and high interest savings accounts with UK banks last year.

    However, i have been resident in the republic of Ireland for the last 6 months.  The investments are set to mature this year.

    Will my non-residence in the UK affect these investments?

    I have not informed the banks of my residence outside the UK.  Should I?
    YES...
    Any cards etc will go to your listed address....
    Life in the slow lane
  • mebu60
    mebu60 Posts: 1,923 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    seanny said:
    I took out ISAs, fixed rate bonds and high interest savings accounts with UK banks last year.

    However, i have been resident in the republic of Ireland for the last 6 months.  The investments are set to mature this year.

    Will my non-residence in the UK affect these investments?

    I have not informed the banks of my residence outside the UK.  Should I?
    Do you still have a link to the UK address they hold for you?
  • eskbanker
    eskbanker Posts: 41,010 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    seanny said:
    I have not informed the banks of my residence outside the UK.  Should I?
    You should read the Ts & Cs of each account, where their expectations will be spelt out.
  • dunstonh
    dunstonh Posts: 121,397 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Will my non-residence in the UK affect these investments?
    Yes.   
    a) ISAs are not tax free any more.
    b) you are under the Republics taxation rules.  Not UK.

    I have not informed the banks of my residence outside the UK.  Should I?
    Yes.   Failure to notify could lead them to reporting you for potential fraud.  Even if that is not your intention.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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