- I have a small amount of UK income, less than £50 per week.
- I do a fair amount of online shopping, nearly all in UK.
- I intend to holiday in UK once or twice per year.
I would like to leave the money accumulate in an English bank until I need it for
- Paying for purchases either through Paypal in sterling (preferably) or by UK credit card.
- Withdrawing cash from ATMs while on backpacking or walking holidays.
What are the tax implications of having an overseas bank account?
Thanks in advance for any responses