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Posted Fri, 22 Mar 2024 20:56:39 GMT by Martins Family
Dear Sir/Madam, My cousin and his wife have been living and retiring in the UK since 2017. They have never worked in the UK before. Despite his wife being given National Insurance, my cousin hasn't applied for his own NI. They plan to send both their past savings and the money they inherited from Hong Kong in 2023 to the UK by the end of this year. Can you guide the necessary steps to take when transferring their past savings and inheritance to the UK? What forms do they need to complete, please? Is it required for my 70-year-old cousin to apply for his own NI to pay taxes on their inheritance? Your assistance is greatly appreciated. Best regards from Martins Family
Posted Tue, 26 Mar 2024 15:48:47 GMT by HMRC Admin 5 Response
Hi 

Savings and inheritances that were acquired by individuals in tax years, while not resident in the UK, will be treated as capital and not taxed when brought to the UK.  
We cannot say whether a national insurance number is required, as there may be requirements for one outside the realms of income tax. You may wish to seek advice from the NIC helpline on 0300 200 3500.

Thank you
Posted Tue, 26 Mar 2024 16:34:15 GMT by Martins Family
Thank you for the reply! My cousin and his wife are UK-domiciled residents, I would appreciate it if you could suggest what forms they should fill out when transferring all of their past savings and inherited money to the UK. Thank you 

Name removed admin  .

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