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Posted Mon, 30 Jan 2023 10:39:29 GMT by Vjordan Jordan
Hello I am newly registered nurse in UK. I came last September 2022 and I want to get a house here. My husband and I planning to use our savings in the Philippines. My question is, Is there any tax if we transfer our money from Philippines to our own bank account here in UK with estimated value of 60,000 gbp?
Posted Thu, 02 Feb 2023 09:25:41 GMT by HMRC Admin 19

There would be no Income Tax implications for bringing in capital from your savings, unless your savings generate interest or dividends. These would then potentially be subject to tax. You can see further guidance here:

Tax on savings interest

Tax on dividends

Thank you. 

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