Celts Posted July 3, 2014 Report Share Posted July 3, 2014 I've just been to Perth to activate my visa and pick up my bank cards. The bank suggested I apply for a TFN so I don't have to pay tax on the interest on my account, but I didn't think this was possible while I'm still living in the UK? Quote Link to comment Share on other sites More sharing options...
nikkiwd Posted July 3, 2014 Report Share Posted July 3, 2014 I am not sure, have a look at the Australian tax office website and it should be able to tell you. We have the same tax file number we got 9 years ago on working holiday. Quote Link to comment Share on other sites More sharing options...
Celts Posted July 3, 2014 Author Report Share Posted July 3, 2014 Thanks Quote Link to comment Share on other sites More sharing options...
no1mum Posted July 3, 2014 Report Share Posted July 3, 2014 Dont think it is possible, we opened bank accounts etc on activation of Visa and they could be managed online from UK on our return whilst selling up assetts, but could not apply until we had a fixed address in OZ when we arrived. They take about 4 weeks to arrive, so if you have your visa and staying in oz for a min of 5 weeks you may get away with application. The banks deduct tax on interest at source at 40% if money in oz account, but as soon as we advised them of TFN interest prev deducted was put straight back into the account... Quote Link to comment Share on other sites More sharing options...
Celts Posted July 3, 2014 Author Report Share Posted July 3, 2014 thanks for the info no1mum, I didn't think it was possible, but good news I may be able to claim back once we go back permanently. Quote Link to comment Share on other sites More sharing options...
no1mum Posted July 3, 2014 Report Share Posted July 3, 2014 When are you planning on returning Celts? The tax year here runs from 1st july and I think you have a one or two year window for back claims, but not 100% about that. Quote Link to comment Share on other sites More sharing options...
Celts Posted July 3, 2014 Author Report Share Posted July 3, 2014 In the next 12 months (fingers crossed!) Quote Link to comment Share on other sites More sharing options...
no1mum Posted July 3, 2014 Report Share Posted July 3, 2014 Good luck with tying up loose ends in UK, it goes either way, really surprisingly quick or just not happening.... and when it does .... wham bam you are here before you know it and wonder how did this happen lol x Quote Link to comment Share on other sites More sharing options...
Druid Posted July 3, 2014 Report Share Posted July 3, 2014 Yes you can,mall you need is your visa & a Aus address, if you know anyone ask them if you can use there address Quote Link to comment Share on other sites More sharing options...
Celts Posted July 3, 2014 Author Report Share Posted July 3, 2014 Thanks Druid Quote Link to comment Share on other sites More sharing options...
Raychelsb Posted July 3, 2014 Report Share Posted July 3, 2014 I was going to set up mine and my husbands TFN online before we got out there, using our friends address (where we will be living) but it says you have to be in Aus to do it.....I daren't risk it just in case they could see we hadn't actually got out there yet (our visas are unvalidated.) Anyone else risked it and set it up before? Quote Link to comment Share on other sites More sharing options...
Druid Posted July 4, 2014 Report Share Posted July 4, 2014 I did mine on a validation trip, so was actually in Aus. Quote Link to comment Share on other sites More sharing options...
Plimthing Posted July 4, 2014 Report Share Posted July 4, 2014 you can claim any tax you pay, back from the bank that deducted it. We had similar scenario and when we had finally got our TFN's we went along to our branch and they refunded it to us there and then! I think its a little trickier if you are due some from a previous tax year. We arrived in Aug and claimed it back in Oct so we had a few months interest which was taxed, but got it back no problem. Quote Link to comment Share on other sites More sharing options...
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