AsankaSam
Joined: 9/18/2023
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Remitting Personal Savings from Home Country to UK
Hi, I moved to UK under Tier 2 visa in February 2023. I had about £10000 saved up in a personal savings account by the time I travelled and I'm planning to remit this to UK for the purpose of buying a house. However this account had accrued interest during the past 6 months. I understand that the interest earned will be taxed in UK if I remit it, but if I remit the balance which I had upto 31st January 2023 to UK do I still have to pay tax?