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GiammyDema(Newbie)Newbie
30 June 2024

Hello,


I am an Australian and Italian citizen about to move permanently to Italy. I have an Australian bank account that I am hoping to keep open for a few months (and potentially beyond) while residing and working overseas. I earn interest on my savings that is part of my tax declaration every year. What is going to happen when I am no longer an Australian resident for tax purposes? Do I have to transfer my savings overseas and close my bank account? Or can I continue to earn interest, declaring it at tax declaration time?

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Can I earn interest on savings with an Australian bank account while residing overseas? | ATO Community