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Moving to Aus, advice needed please.
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No its a reply from an online operative.
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”0 -
ie a soulless AI with a lot of information, but zero knowledge.
And so we beat on, boats against the current, borne back ceaselessly into the past.0 -
NNo, that's the actual live person the AI passes you onto after you state they are not able to answer the question.
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”0 -
Either way it looks like a copy and paste. If I were you I’d ask specifically about Australia and open backup accounts with e.g., HSBC and Wise.
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Perhaps I misread the OP, but I didn't get the impression that they informed the bank that they emigrated.
Well for a start, what people "should" do and what people actually do isn't always the same thing...
It might, it might not.
I find it hard to believe that banks are actively monitoring where people login to their account from to detect residency. They certainly don't with me.
They clearly said they won't need to access the money while abroad. Perhaps you should think a bit harder yourself before bringing in the sarcasm?
And? (Though no it wouldn't, it would have to be while the bank still thinks they're living in the UK - very different)
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Perhaps I misread the OP, but I didn't get the impression that they informed the bank that they emigrated.
Even if they didn't, it would be naïve to assume that getting away with failing to comply with obligations to declare address changes in 1999 would imply that it would be equally viable in 2026.
They clearly said they won't need to access the money while abroad
They said that they wouldn't need the money "unless a huge unforeseen emergency happens" but if it's where rental and pension income is paid then I'd imagine that account closure/freezing/blocking (until a branch visit, as reported on previous threads in similar circumstances) would still be inconvenient at best. As you say though, failure to declare emigration might work, but it's only fair to warn OP of the risks…
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Banks may not be actively monitoring where their customers live but the tax authorities are through initiatives like
where the Australian tax authorities and HMRC actively exchange information.
This didn't exist in 1999.
When the tax authorities determine someone is living overseas, they contact the banks who then get in touch with customers.
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I find it hard to believe that banks are actively monitoring where people login to their account from to detect residency. They certainly don't with me.
They clearly said they won't need to access the money while abroad. Perhaps you should think a bit harder yourself before bringing in the sarcasm?
Might shock you that IP's are tracked & logged. All part of fraud systems. Customer says they are in UK, Ip says different.
Not being sarcastic at all. Just point out reality of banking systems.
Life in the slow lane2 -
You're allowed to go abroad but if you always login from an Australian IP at times of the day that are very early in the morning in Britain for months and years on end it wouldn't be a hard pattern to spot.
VPNs aren't a perfect protection as their exit node IP addresses are often known and there are ways to analyse the traffic to spot them.0 -
It's obviously viable - people do it all the time.
It's a grey area - it wouldn't be true to say that everyone always gets away with it but conversely it also wouldn't be true to say that nobody ever does, although I didn't say that anyway, my point was simply to highlight the flawed logic that doing something in 2026 should work because it worked in 1999.
I clearly wouldn't recommend that people break the rules, but Lloyds will not routinely invest in tracking where their customers are without good reason.
As above, this won't happen always or never but somewhere in between, I doubt that there are reliable figures in the public domain though.
By all means warn of the risks, but I'm not naïve - you're overly fearful.
Not fearful at all, but I don't have any skin in the game - it's not my money! And, as above, the comment about naivety specifically related to anyone thinking that breaking the rules in 2026 would be fine because of not being caught doing so in 1999.
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