Process for decalring foreign savings & bring them to UK

Hi Team, I have question related to my accumulated savings from my earlier jobs in India, Will i be taxed if i bring my savings to UK? Little background : Type 1 - Till Dec-22, i was employed in India. I have had savings accumulated in bank account in India till Dec-22. Type 2 - Employee Provident Fund account , which i had been contributing to from Jan,2011 to Dec,2022, when i was in india. Now, as I have become an UK resident, I had to close it and withdraw the ammount recently (Sep-23).Funds got credited to my indian bank account. This fund is tax free as per india government rule due to continuous service of 10 years. Please guide me with below questions 1 - Will bringing both of these funds to UK, attract tax in UK? 2 - If NO, How can i declare it to UK tax authority to avoid future issues if there will be any? Thanks & Regards,

Hi mahesh angadi,
please refer to Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.

 

hi HMRC Admin 20, Link you shared talks about foreign income and gains. My question is related to savings accumulated before I becoming UK tax resident. If i bring it to UK , will i have to pay tax in UK?

Hi
If you have savings that were generated in tax years before you become resident in the UK,  then those savings are considered to be capital and not taxable.  If the savings arise in the tax year you become resident, then they could be considered income tax be taxable.