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Re: invest in the UK
Posted: Fri Nov 27, 2020 6:40 am
by jpwood
RetireJapan wrote: ↑Sun Feb 03, 2019 5:32 am
I was extremely pleasantly surprised to be able to sign up for Degiro in about ten minutes... will post about it on the blog if I manage to use the account
Hi, sorry I know this is an old post, but I have some savings sat in a UK account and was looking at options. I saw Degiro and signed up. They have asked for country of residency and country of tax residency. I moved to Japan in April this year, but presume I would be a tax resident of Japan now...
Has Degiro changed their conditions? I am not sure it would be wise for me to sign up and pay in to a Dejiro account in this case? Or I put tax residency of UK and file taxes through UK self assessment?
Re: invest in the UK
Posted: Fri Nov 27, 2020 7:57 am
by RetireJapan
I ended up not bothering with Degiro. Don't recommend lying about your tax residency. If you live in Japan you are tax resident here and not in the UK.
Re: invest in the UK
Posted: Fri Nov 27, 2020 11:05 am
by jpwood
RetireJapan wrote: ↑Fri Nov 27, 2020 7:57 am
I ended up not bothering with Degiro. Don't recommend lying about your tax residency. If you live in Japan you are tax resident here and not in the UK.
Yes, very valid. I think I will avoid these options and stick to Japanese brokers.
Re: invest in the UK
Posted: Fri Nov 27, 2020 12:41 pm
by RetireJapan
However, if you tell Degiro you are living in Japan and they let you open an account, that would be fine. I have an account with Nutmeg that they let me open from Japan, but they then changed the rules (or became aware of the rules, more likely) so I am no longer allowed to contribute, although they have let me keep the account. It doesn't pay any dividends, so as long as I don't cash out there is no taxable event to declare to Japan and no tax to pay.
Re: invest in the UK
Posted: Thu Dec 17, 2020 2:58 am
by Chibalass
My issue is connected to this thread so I will post it here.
I have a Clydesdale account in the UK which is only used when I go home (usually once a year, but not this year), and for the UK pension deductions. For some reason, the pension deductions were paused earlier this year and I have just started to sort that out, and so the bank has sent me a letter to say that the account will become 'inactive'. It's not a major concern as I think that I should be able to sort it out when I get back there next, but I was thinking that I could perhaps set up a kind of standing order for another regular payment of some kind.
For those with accounts in the UK which may have become inactive this year, what kind of regular payments can keep an account active? I read the thread about UK bonds but I'm wondering if there is any alternative.
Thanks for your suggestions,
Re: invest in the UK
Posted: Thu Dec 17, 2020 3:51 am
by Wales4rugbyWC23
Chibalass wrote: ↑Thu Dec 17, 2020 2:58 am
My issue is connected to this thread so I will post it here.
I have a Clydesdale account in the UK which is only used when I go home (usually once a year, but not this year), and for the UK pension deductions. For some reason, the pension deductions were paused earlier this year and I have just started to sort that out, and so the bank has sent me a letter to say that the account will become 'inactive'. It's not a major concern as I think that I should be able to sort it out when I get back there next, but I was thinking that I could perhaps set up a kind of standing order for another regular payment of some kind.
For those with accounts in the UK which may have become inactive this year, what kind of regular payments can keep an account active? I read the thread about UK bonds but I'm wondering if there is any alternative.
Thanks for your suggestions,
I pay for a monthly online newspaper subscription and Amazon Christmas presents.
Re: invest in the UK
Posted: Thu Dec 17, 2020 4:30 am
by RetireJapan
Two of my charitable contributions come out of my NatWest account every month, and UK state pension.
Re: invest in the UK
Posted: Thu Dec 17, 2020 7:00 am
by Chibalass
Thanks for the replies. I just made a small transfer of money into the account using Transferwise. That may be enough for now.
I'll look at the subscription/charity/shopping ideas too.
Re: invest in the UK
Posted: Thu Dec 17, 2020 7:05 am
by Beaglehound
I also have a Clydesdale account which I use to pay for an Amazon music subscription monthly to keep it active (hopefully!). I have no way to check as they seem to require UK mobile codes to do anything online.
Re: invest in the UK
Posted: Thu Dec 17, 2020 9:04 am
by Chibalass
Yes, the Clydesdale UK mobile thing is a pain. I get the paper statements delivered to my family's home back in the UK so my news about the account is always delayed.