Transfer money from UK to Australia

GBP £176.55 Avg. Saving vs. Banks ?
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Here are the latest prices for transferring money from UK to Australia
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Top 13 Money Transfer Providers

Exchange Rates as of 2019-05-24T20:59:45+00:00
Bank Beating Rates

TorFX

?
Est. 2004

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
AUD $18,207.90
GBP £219.60
saved vs. banks

OFX (UK)

?
Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
AUD $18,108.78
GBP £165.60
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
AUD $18,152.83
GBP £189.60
saved vs. banks

Moneycorp

?
Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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One-off payments | Regular payments | Great rates | Safeguarded customer funds

Amount Received
AUD $18,171.19
GBP £199.60
saved vs. banks

Global Reach (formerly FC Exchange)

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

Amount Received
AUD $18,189.54
GBP £209.60
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Transparency and security | Great customer feedback rating from Feefo

Amount Received
AUD $18,167.52
GBP £197.60
saved vs. banks

RationalFX

?
Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
AUD $18,198.72
GBP £214.60
saved vs. banks

Western Union Business Solutions

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
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The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
Amount Received
AUD $18,079.42
GBP £149.60
saved vs. banks

Azimo

?
Est. 2012

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

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Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

Amount Received
AUD $17,971.00
GBP £90.54
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years
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Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Amount Received
AUD $18,206.06
GBP £218.60
saved vs. banks

WorldRemit

?
Est. 2010

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

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WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

Amount Received
AUD $18,219.00
GBP £225.65
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
AUD $18,198.72
GBP £214.60
saved vs. banks

Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More Info Less Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
AUD $17,750.51
No saving vs. banks

How to Transfer Money from UK to Australia

Summary

There are no restrictions on transferring money from the UK to Australia. Australia has long been the most popular destination for British expats to move to. According to the UK’s Department of Work and Pensions and the Institute of Public Policy Research, of the some 1,062,000 expats living in Australia in 2012, 251,000 were retired and had moved permanently. Melbourne and Sydney are two of the most sought-after destinations. Similarly, the UK is one of the most popular destinations for Australians to emigrate to, whether for study, an extended work and travel stay, or long term. Australia is one of the main destinations of overseas money transfer flows from the UK.

Visas and immigration

There are a number of visas that Britons can obtain to move to Australia either temporarily or permanently. Skilled Independent Migration visas are usually for professionals such as accountants, engineers and dentists. The Employer Nomination Scheme is suitable if your UK-based employer is sponsoring your move out to Australia. Finally, if you are British and wish to either invest, set up a business or retire, there is an entrepreneurial visa category called Business Migration. Due to the history between the UK and Australia, there are also certain schemes in place that allow Australians who have a parent who was born in the UK to move to England much more simply. There are certain requirements that must be met, but they are far less stringent than a typical visa.

Banking, money and taxes

The main banks in Australia are the Australia and New Zealand Banking Group (ANZ), Westpac, the Commonwealth Bank of Australia and National Australia Bank. Opening a bank account in Australia is relatively easy and some UK-based banks also have operations in Australia, and you will be able to transfer pounds to Australian dollars when necessary. Given the volume of the pound-dollar transfers, there are a number of specialist money transfer operators that can transfer funds quickly and cheaply.

Taxation

The UK tax year runs from 6 April to 5 April, in contrast to the Australian tax year, which runs from 1 July through to 30 June. Bear this in mind when planning your move and how it will impact your taxes. Australia and the UK have a double tax treaty, but not all items are covered, so be sure to check if any of your income streams may be affected. Taking advice in regard to your tax is always recommended due to the potential crossover between the UK tax year and the Australian tax year.

Healthcare

Australia’s public healthcare system is known as Medicare, and all Australian citizens and permanent residents have access to it. As the UK has a Reciprocal Health Care Agreement with Australia, you will be able to have access to Medicare, even if you are on a temporary visa. You may have to pay a medical surcharge.

For Australians in the UK, the National Health Service is free (though not all services, such as dentistry, are free). Hospital services are free to residents, but non-residents will be charged. Anyone planning to live and work in England will have to register with a general practitioner (doctor). A lot of this is related to the relationship that the UK and Australia have via the Commonwealth.

Moving with your pet

You can bring your pet to the UK making use of the Pet Travel Scheme (PETS), and the UK government includes Australia as an accepted country. If your pet has a veterinary certificate that shows that they have had all their vaccinations and that these are all up to date, then they can be brought into the UK without undergoing quarantine. The one exception for Australia is for cats. Cats are prohibited from entering the UK from Australia unless they are accompanied by a certificate from the Australian Veterinary Authorities confirming that they have not been on a holding where Hendra virus has been confirmed during the 60 days prior to them leaving Australia. For further details on the list of animals and the procedures, check with the UK government websites. There may be slight changes to the rules in regard to pets once the UK has left the EU, as there are currently some laws in place that the UK may wish to rescind.

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.