Money - Banking and Tax

There's a few things you need to sort of when you move to London in regards to your money.

You'll have to get a UK Bank account.

You'll have to transfer your money from your home account to your new UK one eventually.

Here we go through the types of UK banks and what accounts you can open, what companies can help you transfer your money from home to the UK and ways you can save money when over in London and when you come home.

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Tax refund companies (5)

Ways to transfer your money (9)

UK bank accounts (4)

National Insurance Number: Tax & Superannuation

You will need a National Insurance number when you start work, so that
a. You are taxed at the right amount
b. Your National Insurance Rebate, which is similar to Superannuation, is claimable once you leave the UK and return home.

Cost of Living in London : London Prices

ok so firstly the best thing to do is grab yourself an Oyster card, which is the cheapest way to travel by bus and tube around London. you can top up an Oyster card with as many pounds as you want, and can get them online, at tube stations and other easy locations. Oyster cards are used in conjunction with tube and bus tickets (not instead of).

Opening a UK Bank Account

Opening a UK bank account is not as difficult as it use to be, that’s for sure. Once apon a time it use to be horror story after horror story but these days, the UK banks have gone ahead and decided to make it a little easier on expats.

The Hard Stuff (Part 1)

One of the most difficult things to get in the UK is a bank account. Because it’s a financial hub, the country is very careful about whom they give accounts to. When I got here, I had to open a Passport account at HSBC because I had no previous credit history in the UK. I also had no fixed address because I was living at a friend’s house.

Getting a UK Credit Rating

When you apply for credit with a company in the UK, it will (with your consent) check your UK credit score through a credit reference agency of which the three main ones in the UK are Experian, Equifax and Call Credit. These companies hold your credit report, in which the information about your credit status comes from banks, finance companies, credit card suppliers, department stores, etc

Moving to the UK: your credit rating

Your credit score is the result of the 'credit check' potential lenders carry out before making a decision on an application for a financial product (a bank account, a credit card or a mortgage, for example). They base this score on your previous experience with credit, as recorded in your credit history.

Saving for many rainy days.

As I’m just about to get ready for another day of work at my post-exam, pre-graduation job in hospitality, I again have to remind myself that all these long days and nights spent serving others food and being lovely all the time, despite the disgusting humidity, will totally be worth it in the end. It’s all in the name of moving to London.

1st Contact National Insurance Number Application

The National Insurance Number (NINO) is the number used by the government to track your taxes and national insurance contributions. Everyone who wants to work in the UK needs one and you must be in the UK before the government will issue your number. If you do not have your NI number you will be paying emergency tax.

when you sign up to either Tranzfers or 1st Contact Forex (use moving2fx promo code) to get your money over to the UK you get your

1st Transfer for FREE.

if you want to look after the things you have so carefully packed, re-packed and then told yourself you definately need over there, then insuring them should be a no-brainer.

if you have some big things you can't live without or you are just severing all ties and moving your entire life over, then a shipping company or excess baggage co. is a good choice.

Countrywide Landlord Services in the UK Hamptons Estate Agents London
Book car hire Heathrow Airport with Rhinocarhire.com - voted Best Car Hire Website 2010

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