• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Drip feeding money earned abroad into UK account

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Just bring it back into the country in cash and spend it slowly in lieu of going to the cashpoint.

    Why piss around with putting it in a UK bank account at all? Assuming its not a six figure sum, surely its not worth the hassle.
    The Mods stole my post count!

    Comment


      #12
      Ask Lord cash point (Michael Abraham Levy) he knows one or two things about setting up off-shore accounts. Or even Mr Goodwin..

      I agree with ASB, an off-shore managed company in the channel islands, virgin islands, would be the best way to go. As long as company income and personnel income is clearly distinguished, you've operated (what's that term??) "Within the rules" (don't look at me governor I've done nothing wrong).
      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        #13
        Have an offshore account with a visa card. Put all extra spending e.g. bling, boystoys, nights out, on that i.e. not your normal spends like rent/mortage, Tescos, etc.

        Not that I know anything about it.
        How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

        Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
        Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

        "We hang the petty thieves and appoint the great ones to high office" - Aesop

        Comment


          #14
          Originally posted by HairyArsedBloke View Post
          Have an offshore account with a visa card. Put all extra spending e.g. bling, boystoys, nights out, on that i.e. not your normal spends like rent/mortage, Tescos, etc.

          Not that I know anything about it.
          Best to make sure it's not a bank with a UK banking license issuing the card and holding the account though.

          Comment


            #15
            This is a complete one off and never contracted before - only doing it to bridge gap of being made redundant and finding a new job...I was thinking of opening an account with a local islamic bank...

            I'm uncertain about how long it will be but I would want to get into a normal UK job asap...its this uncertainly that is driving various answers from those who i have asked...

            Can't I just earn the money and decide what tax position to take in a few months when it all becomes more clear?

            Comment


              #16
              Originally posted by HairyArsedBloke View Post
              Have an offshore account with a visa card. Put all extra spending e.g. bling, boystoys, nights out, on that i.e. not your normal spends like rent/mortage, Tescos, etc.

              Not that I know anything about it.
              Like buy a car with it?!

              Comment


                #17
                who can recommend a formation company in the channel islands?

                Comment


                  #18
                  Originally posted by dozer View Post
                  who can recommend a formation company in the channel islands?
                  EKK!

                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #19
                    ..
                    Last edited by Fred Bloggs; 15 May 2009, 06:23.
                    Public Service Posting by the BBC - Bloggs Bulls**t Corp.
                    Officially CUK certified - Thick as f**k.

                    Comment


                      #20
                      Originally posted by scooterscot View Post
                      did you miss the 'recommend' part? ie have used these people before etc?

                      any chance to jump on the lmgtfy bandwagon.....

                      Comment

                      Working...
                      X