HMRC Admin 19 Response

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi,

That is correct, you can only invest in one of each type of ISA per year and if you transfer money from one ISA to another it does not count towards your allowance.

Thank you.

Hi alexhewitt,

The transfer of money from an overseas bank account to a UK bank account has no Income Tax consequences, unless bank interest or dividends are generated:                                             

Tax on savings and investments: detailed information

Thank you.

Hi,

Only contributions to your own SIPP would count.

Thank you.

Hi,

No, there are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you.