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-   -   Gross rates for Expats (https://www.englishforum.ch/finance-banking-taxation/11085-gross-rates-expats.html)

Flashman4 17.08.2007 13:29

Gross rates for Expats
 
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Not sure if this is of interest to anyone but I came across it in the Weekly Telegraph about three weeks ago.

It show Gross interest rates offered by several UK basd banks for Expats.

bubbles4352 17.08.2007 13:44

Re: Gross rates for Expats
 
Quote:

Originally Posted by Flashman4 (Post 94070)
Not sure if this is of interest to anyone but I came across it in the Weekly Telegraph about three weeks ago.

It show Gross interest rates offered by several UK basd banks for Expats.

Here's a representative one from a big New Zealand bank....
http://www.westpac.co.nz/olcontent/o...ent&refr=rates

8.4% credit interest, minimum investment NZD$10K, 12 month term.

Note that there's 10% withholding tax on that.

bubbles4352 17.08.2007 13:48

Re: Gross rates for Expats
 
Also note that the NZD dropped 3 cents against the USD yesterday, so there's a teensy little bit of fluctuation in the exchange rates at the mo. It's probably not a good time to be moving money around...

cricketer 18.08.2007 10:06

Re: Gross rates for Expats
 
I'm a bit rusty on the UKtax rulings......I have a not inconsiderable sum on deposit in the UK and each month pay a lot of tax on the interest. since i am resident here do i need to pay this UK tax? it's deducted by the bank each month.
thanks for advice

AbFab 18.08.2007 10:29

Re: Gross rates for Expats
 
Quote:

Originally Posted by cricketer (Post 94329)
I'm a bit rusty on the UKtax rulings......I have a not inconsiderable sum on deposit in the UK and each month pay a lot of tax on the interest. since i am resident here do i need to pay this UK tax? it's deducted by the bank each month.
thanks for advice

If you want to complete a UK tax declaration each year you can get this back. The question is, is it worth it?


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