Title: PREMIUM BONDS
Description: Oh Yes you can
AreWeThereYet? - May 3, 2006 07:11 PM (GMT)
A while ago I remember reading a thread about Premium bonds and somebody asked if there was an Australain equivalent. Apparently there wasn't.
We hold some and wanted to buy more. So I looked on the NS&I website and ended up phoning them.
To cut a long story short you can be an overseas holder, unless you go to live in the USA or Southern Ireland (for some reason) Obviously when you are settled then you must give them an up to date address, so they can send all your prizes.
Apologies to all those who already knew this.
Deb
:rolleyes:
Guzzler&Sas - May 3, 2006 09:10 PM (GMT)
Hi,
Yes you can hold them, but i believe any winnings are taxable, being classed as overseas assets.
Good luck
Guzzler
lolly - May 3, 2006 09:45 PM (GMT)
u watch me go win something now and theyll not be able to bloody find me..cos havent got an addy in oz...yet...lol
mind havent won a bean in 46 years so wont hold my breath... :lol2:
Vicar - May 4, 2006 02:25 AM (GMT)
If any of you still hold premium bonds, go to www.nsandi.com and check your holder number to see if you have won anything. I have held some for nearly 35 years and never won! I went online and checked a few months later won £50! :D and two months after that won another £50 :D :D
Rachel
lolly - May 4, 2006 05:49 AM (GMT)
cheers Rachel
will get on line asap ....cant wait...might have loads waiting...
AreWeThereYet? - May 4, 2006 08:36 AM (GMT)
| QUOTE (Guzzler&Sas @ May 4 2006, 06:10 AM) |
Hi,
Yes you can hold them, but i believe any winnings are taxable, being classed as overseas assets.
Good luck
Guzzler |
This would be money you wouldn't have had in the first place. If I won 100K I would probably pay the tax and use the money in Australia.
Alternatively reinvest the money in the UK, if you don't take the cash out of the UK then they can't tax you on it.
<_<
Deb
marco121068 - May 4, 2006 08:40 AM (GMT)
| QUOTE (AreWeThereYet? @ May 4 2006, 09:36 AM) |
| QUOTE (Guzzler&Sas @ May 4 2006, 06:10 AM) | Hi,
Yes you can hold them, but i believe any winnings are taxable, being classed as overseas assets.
Good luck
Guzzler |
This would be money you wouldn't have had in the first place. If I won 100K I would probably pay the tax and use the money in Australia.
Alternatively reinvest the money in the UK, if you don't take the cash out of the UK then they can't tax you on it.
<_<
Deb
|
I'd check that out with the ATO. Not sure it's correct.
Guzzler&Sas - May 4, 2006 12:35 PM (GMT)
Hear what you are saying about any winnings would be money you didn,t have in the first place, but I bet you would not be too pleased if you won £100,000 and had to pay half in tax?
I am under the impression any monies, endowments, shares , Isas, Peps, Bonds left in the UK are liable to Australian tax laws once resident in Oz.
Because some investments are tax free in the UK, does not mean they are in Oz.
Like Marco said check with ATO
Good luck
Guzzler
AreWeThereYet? - May 4, 2006 02:44 PM (GMT)
When I win a large sum of money then I'll look into it with ATO.
:lol: Until then there is no point really.
Deb