TJ Lee

Hi Just following up any response on below queries sent on Jul 8. I'm currently living in Hong Kong but plan to move to the UK in early Sep for long term employment. I considered myself as non resident. I do not have P45 / National Insurance Number. 1. When I do the Tax Assessment on Go.UK to find out the Tax Code, should I enter the home address in Hong Kong / rental apartment address ( might change ) in the UK ? When I enter whether I get payments from Pension Scheme, assuming this is referring to the UK for the NEW employer in 2024/2025 ? If I do not have a Tax Code, Is BR will be used as temporary Tax Code and Do I need to pay Income Tax as a non resident till 2025 April ? That is after April 2025 I shall be a resident ( stay in more than 183 days ) and I should pay Income Tax from April 2025 onwards. 2. Tax would NOT be charged for Overseas ( HK ) money transfer to UK Bank account as a Non resident but any Tax implications for overseas money movement to the UK when I become a resident ? Any transfer limits for Tax free or any Tax implications for overseas transfer as a resident ? The remittance basis can only be used by a UK resident how about after becoming a Citizen ? 3. Tax for Savings / Investment generating interests. Does each individual has a Cap for interests as tax free and Taxpayer can use the personal allowance 12570 ? How does it work for a tax resident in the UK ?

Hi I'm currently living in Hong Kong but plan to move to the UK in early Sep for long term employment. I considered myself as non resident. I do not have P45 / National Insurance Number. 1. When I do the Tax Assessment on Go.UK to find out the Tax Code, should I enter the home address in Hong Kong / rental apartment address ( might change ) in the UK ? When I enter whether I get payments from Pension Scheme, assuming this is referring to the UK for the NEW employer in 2024/2025 ? If I do not have a Tax Code, Is BR will be used as temporary Tax Code and Do I need to pay Income Tax as a non resident till 2025 April ? That is after April 2025 I shall be a resident ( stay in more than 183 days ) and I should pay Income Tax from April 2025 onwards. 2. Tax would NOT be charged for Overseas ( HK ) money transfer to UK Bank account as a Non resident but any Tax implications for overseas money movement to the UK when I become a resident ? Any transfer limits for Tax free or any Tax implications for overseas transfer as a resident ? The remittance basis can only be used by a UK resident how about after becoming a Citizen ? 3. Tax for Savings / Investment generating interests. Does each individual has a Cap for interests as tax free and Taxpayer can use the personal allowance 12570 ? How does it work for a tax resident in the UK ?