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Posted Tue, 02 Apr 2024 08:21:16 GMT by hmcore
- 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 12:24:32 GMT by HMRC Admin 32

How much and when you transfer is your own choice but may need to be declared.

Remittance basis 2023 (HS264)

Thank you.

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