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Using my account abroad


Jennifer89

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51 minutes ago, Jennifer89 said:

Does anyone know if I will be able to use my account from the Caribbean? Can't seem to find an answer to this anywhere.

Hey, 

We offer accounts to some Caribbean islands. I don't believe there's restrictions on our product there but best to double check. 

All the best 

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Can/should the account be used abroad in the case that one moves temporarily to a country where you already offer local accounts?

I am thinking about two scenarios: 

- I am abroad as a traveller for up to 90 days, ie. any country in the EU. And then I return to UK, where I am currently based. In this case I would continue using my UK account. 

- I move abroad permanently, but I am not a tax resident for the target country, ie. EU country, till I am there for longer than 6 months. Shall I keep using my UK account for up to 6 months and then switch to the EU country account? Otherwise if I switch straight away to the EU country account, I will have to declare tax to the UK with an account denominated in EUR, and based in Europe. 

To me it makes sense to continue using the UK account till you become a tax resident in the country of destination, but who knows. 

I would appreciate some light about the topic of moving abroad. 

Thanks, 

Nic

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On 01/12/2020 at 11:34, Niccc said:

Can/should the account be used abroad in the case that one moves temporarily to a country where you already offer local accounts?

I am thinking about two scenarios: 

- I am abroad as a traveller for up to 90 days, ie. any country in the EU. And then I return to UK, where I am currently based. In this case I would continue using my UK account. 

- I move abroad permanently, but I am not a tax resident for the target country, ie. EU country, till I am there for longer than 6 months. Shall I keep using my UK account for up to 6 months and then switch to the EU country account? Otherwise if I switch straight away to the EU country account, I will have to declare tax to the UK with an account denominated in EUR, and based in Europe. 

To me it makes sense to continue using the UK account till you become a tax resident in the country of destination, but who knows. 

I would appreciate some light about the topic of moving abroad. 

Thanks, 

Nic

We advise you to let us know as soon as possible. 

I asked our compliance team and:  Normally if they are moving we expect them to let us know and we would close, especially if you're going to the EU they will be closed on the 31st with Brexit .

 
I hope this helps 
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