Rid189

Thank you. When you say ‘if this generates any interest, this is taxable income’, does this mean all the income is taxable or just the interest?

Hi, I will be potentially moving to Saudi in June next year for work. I’ll be paid in Saudi riyals into a Saudi bank. I wanted to ask if i transferred that money to a uk account so that i could use my Saudi income to pay for uk expenses such as mortgage, utilities etc. would I be taxed on that money that I transfer from Saudi to Uk? Also, in order to declare myself a non tax resident of the Uk when I move to Saudi, when is it advised to inform the HRMC? Is this to be done as soon as possible or wait til the month/week of moving?