Transferring personal money to UK bank before residing in the UK

Hello, My BNO VISA was effective since Sep 2021, and I arrived the UK and lived in the country in Feb 2022. Before I came to the UK, I transferred most of my personal savings (including the money generated from the sale of my own house in Hong Kong) to my UK bank account. Do I need to report those money to HMRC and are they taxable? Also, how about the salary I earned after I got the VISA? I resigned the job before I came to the country. To my understanding, I don't need to do anything as I wasn't deemed as taxable resident during that period.

Hi,

You dont need to report the transfer of the capital but any interest earned is taxable income. for the salary, as this is for work carried out in Hong Kong, it is not taxable in the UK.

Thank you.

Thanks for the reply. I am now an employee in the UK and pay tax via PAYE. I do not require to do a self assessment. To my understanding the banks in the U.K. automatically advise HMRC of bank accounts and of any interest made on savings. HMRC will determine if I need to pay tax in relation to the interest, is that correct? And HMRC will send me a tax notice if I need to pay tax, is that the way it works? If the above are correct, can I assume that I do not need to do self assessment? This is the same for all bank accounts across the UK?

Hi,
For guidance please use the links below:
Tax on savings interest
Check if you need to send a Self Assessment tax return
Thank you