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Posted Tue, 02 Apr 2024 22:25:16 GMT by hmcore123
- I have some “pre-existing cash” ie salary earned that I have accumulated overs the years before moving to UK, only with some amount of saving interest earned, less than £300 per year (which is well within my Personal Savings Allowance). I do not have any other “gains” from stock, bonds, insurance, property, salary etc. - Thus guess I am allowed to transfer these money from my overseas bank account to my own UK bank account ? If yes, is there any limit to the amount that I can transfer per month or per year ? Also, any time limit please, must I transfer all these money into UK within say 8 months from the date that I moved to UK ? Or am I allow to make the transfer say 5 years later ? Much appreciate your advice, thanks very much
Posted Tue, 09 Apr 2024 14:23:47 GMT by HMRC Admin 5 Response
Hi hmcore123

If the contents of your bank account are from sources of income that arose in tax years where you were not resident in the UK, then those contents are not taxable in the UK, should you chose to bring them to the UK.  
HMRC does not have any restrictions on the amount you can bring into the UK.

Thank you

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