Can anyone advise ...
we are one of the lucky few (thank God) sold house 2 years ago and made decent profit and put money in savings. In the UK the banks protect up to £35k per financial institution, should there be a financial crisis, if we were to transfer savings to Aussie bank, do they guarantee similar amounts?
Or would it be better to leave in UK bank until we want to buy a property in Aus? Or would we pay stupid taxes on this?