Not Ordinarily Resident Status

If you are an existing customer working in the UK for more than one but no more than three years, you could qualify for Not Ordinarily Resident status.

This means that interest can be paid to you without deduction of tax at source. You will be responsible for telling the relevant tax authority about gross interest in case there is a tax liability later on.

For your information:

• If you are an existing account holder and believe you qualify for Not Ordinarily Resident Status download the 'Not Ordinarily Resident' declaration. Please print, complete and send to your banking advisor.
• By owning a property in the UK you may lose your 'Not Ordinarily Resident' status. However, if you are a non-UK national, live outside the UK and visit for an average of less than 91 days per UK tax year, then you may be able to purchase a property and still retain your 'Not Ordinarily Resident' status. Contact your banking adviser to discuss the situation and refer you to the current Inland Revenue rules.
• If you have assets in the UK your estate could become liable to UK inheritance tax. Contact your banking adviser if you have such assets, as you will need to consider whether all or part of your banking should be offshore.