Moving to UK - banking advice
Hi there,
A friend of mine is moving to the UK from Canada shortly to take up a new job. I’m trying to help him decide what the best way to do his banking is. Long term (2-4 years from now), he’ll move back to Canada. However, in the interim we will also have to be able to move some of his earnings from the UK back to Canada since he owns a house here (will rent it out).
I am looking for any suggestions or resources that anyone may have. I see that HSBC has some multi-national accounts; my understanding is he could open an account with them here in Canada, then go to an HSBC branch in the UK and have some access to it. Has anyone done something similar? I imagine the tax situation will be complex, but he’ll likely hire that out.
Thanks for any advice!
A friend of mine is moving to the UK from Canada shortly to take up a new job. I’m trying to help him decide what the best way to do his banking is. Long term (2-4 years from now), he’ll move back to Canada. However, in the interim we will also have to be able to move some of his earnings from the UK back to Canada since he owns a house here (will rent it out).
I am looking for any suggestions or resources that anyone may have. I see that HSBC has some multi-national accounts; my understanding is he could open an account with them here in Canada, then go to an HSBC branch in the UK and have some access to it. Has anyone done something similar? I imagine the tax situation will be complex, but he’ll likely hire that out.
Thanks for any advice!