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Posted Wed, 10 Jan 2024 11:15:47 GMT by
I relocated from the UK to Australia in September 2023. I still hold a stocks and shares ISA in the UK. According to the Statutory Residence Test, I am a UK citizen for the 2023-24 tax year. The HMRC ISA "if you move abroad information" here (https://www.gov.uk/individual-savings-accounts/if-you-move-abroad) states I “cannot put money into it after the tax year that you move”. Does this mean I can continue to make contributions while in Australia until 5th April 2024? Also, on the link it states “You must tell your ISA provider as soon as you stop being a UK resident.” Am I still considered a UK resident until 5th April 2024 based on the Statutory Residence Test? Thanks
Posted Tue, 16 Jan 2024 15:44:05 GMT by HMRC Admin 10 Response
Hi
That is correct.

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