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Posted Sun, 15 Oct 2023 20:18:05 GMT by
Hello, I am a US citizen. For the past 5 years, I lived and worked in Singapore. I left my job there in June 2023, after which I moved back to the US. In September 2023 I moved to the UK to go to school. My program will last 1 year, which I believe will make me a UK resident while I am living here and attending school. I'd like to transfer savings to the UK so that I can support myself while attending school here. This savings would all have been earned prior to my becoming a UK resident. Are there any tax implications for transferring this savings to the UK? Thanks! - Mike
Posted Wed, 18 Oct 2023 13:10:19 GMT by HMRC Admin 32 Response
Hi,

No. Overseas earnings, earned in tax years, while not resident in the UK, are not taxable in the UK. Please also have a look at link below for more information on overseas studnet and foreign income.

Tax on foreign income

Thank you.

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