KnL Chan

My wife & I will be relocating to the UK from Hong Kong in October for our retirement. I will be a returning resident after 35 years and my wife will be entering via the BNO Visa channel. We will not be taking up any employment. We have reviewed the helpful information in this forum and wished to confirm our understanding of our tax positions before we arrive in the UK. HK MPF lump sum and gains Our Mandatory Provident fund is held under our trustees in Hong Kong. We understand: a. these funds, including future growth are not subject to taxation b. these funds can be transferred to the UK at any time in the future and not be subject to taxation from such a transfer c. If we withdraw these pension funds from our trustee MPF account, these funds will then be liable for taxation on future interest gains Is our understanding correct? Cash accounts, gains and transfers We have cash holdings of our savings in bank accounts held both in the UK & Hong Kong. We understand: a. Transferring funds between these accounts can be done at any time and not be subject to taxation from such a transfer b. Interest earned on these accounts, no matter their location worldwide will be subject to taxation Is our understanding correct? UK Rental income Our only source of regular income is from a UK property that is rented out. This is currently reported to HMRC by self-assessment. We understand: a. Once we relocate, we should continue to do this self-assessment and include any other incomes such as bank interest b. However, for our first self-assessment after we relocate, we should report the rental income as full year and income from savings as split year Is our understanding correct? Thanks a lot!