We are moving on a retirement visa in July. We have to transfer a significant amount of capital before we go. What is the safest form of investment that ensures capital security rather than generating income? It must be flexible so that we can withdraw largish amounts when we find the place we wish to purchase. Any other general advice on this issue appreciated?

Most probably an interest bearing bank account - have a look at this website for information as to interest rates:
http://www.infochoice.com.au/banking/default.asp

You might also want to discuss this with a financial planner in Australia - please send me an email if you would like details of the financial people we work with.

Best regards.

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Originally posted by goingsoon:
We are moving on a retirement visa in July. We have to transfer a significant amount of capital before we go. What is the safest form of investment that ensures capital security rather than generating income? It must be flexible so that we can withdraw largish amounts when we find the place we wish to purchase. Any other general advice on this issue appreciated?

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Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
and a Fellow of the Institute of Chartered Accountants in England and Wales
http://www.gomatilda.com and
http://www.collettandco.co.uk
Offices in Southampton, England; Perth, Australia; and Melbourne, Australia