Overseas Money Transfer

I am working in the UK since 2020. I want to send money from my account in the UK to my parents in India. Is there a maximum limit on how much I can send? Do I get charged any taxis UK on the money I send to India? Thank you.

Hi,

There are no Income Tax implications on the giving or receipt of cash gifts, but you may wish to speak to Inheritance Tax regarding any Inheritance Tax implications.

Inheritance Tax: general enquiries 

You may also want to review the guidance here:

How Inheritance Tax works: thresholds, rules and allowances

Rules on giving gifts

Thank you