Guest Ara Posted December 6, 2012 Report Share Posted December 6, 2012 Plan to move to aus next year. Am I allowed to leave previous years isa's in UK bank account? Quote Link to comment Share on other sites More sharing options...
Admin Posted December 7, 2012 Report Share Posted December 7, 2012 If you start an ISA in the UK and then go abroad, you can't continue putting money into the ISA, however, you can keep your ISA and you will still get (UK) tax relief on investments held in the ISA. When/if you return to the UK, you can start putting money in again. However, as an Australian tax resident - ie from the day you arrive in Australia to stay (as opposed to just validating) you are liable for Australian tax on all your income wherever it comes from so you'd have to pay Oz tax on the interest/dividends from the ISA. Quote Link to comment Share on other sites More sharing options...
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