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Moving to Aus, advice needed please.

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Comments

  • gt94sss2
    gt94sss2 Posts: 6,527
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    As an example

    For more specific enquiries, for instance regarding a specific individual or entity, the overseas Competent Authority will contact the UK Competent Authority, who will then contact the Financial Institution.

    https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim405020

  • Bostonerimus1
    Bostonerimus1 Posts: 2,272
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    edited 11 April at 5:39PM

    Just follow the rules. Why are people even considering not being 100% upfront about residency and arrange their affairs accordingly?

    When/if I move back to the UK I will inform all my banks, the tax authorities etc. of my new address. I will be opening a Wise account along with back up brokerages and bank accounts so that I have options.

    And so we beat on, boats against the current, borne back ceaselessly into the past.
  • csgohan4
    csgohan4 Posts: 10,614
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    edited 19 April at 1:05PM

    Just FYI, IP address is not the only data the bank can collect, don't forget passport/immigration data, unless you have dual nationality which may mitigate it to an extent

    HMRC also has a Connect system which draws info from a variety of sources as well. They aren't stupid either. Regulations are more strict now after 2008

    You would be naïve to think Countries don't share banking data with each other either

    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • BikingBud
    BikingBud Posts: 3,006
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    Unless I've missed it nobody has mentioned state pension freezing when drawing it in Australia.

    Would not advising and continuing to claim indexed increases be considered fraud?

    Your life is too short to be unhappy 5 days a week in exchange for 2 days of freedom!

    One can always make more money. No one who has ever lived can create more time.
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