If I put £60k in premium bonds before going to Oz but at a later date decide I want the money with me in Oz, am I liable to pay tax?

Jayne

Not too sure about the tax issue but I do know that one individual can only hold a max of £30K in PB's. Presume you are putting the £60K into 2 peoples names.

Alan would be best for this one, but my guess would be that the AU$ value of the bonds at time of becoming a permanent resident would be the "start" value, and the value in AU$ when you took them to Oz would be the "end" value - and that you'd be liable for tax on any increase in this. And on any prizes, too.........

So the $2.4m would be whittled down to only $1.5m!

Rog Williams