HMRC Admin 19 Response

Hi,

A USA 401K plan is a company sponsored retirement account to which employees can contribute income, while employers may match contributions.  

In the UK, a 401K is treated as a pension and is taxed as such. As you are resident in the UK you will need to declare the pension for tax purposes in a Self Assessment tax return. You can see guidance here:

Tax on a private pension you inherit

Thank you.
 

Hi,

Gift Aid amounts are not automatically added to your personal record. If you do not complete a Self Assessment return you will need to contact the Income Tax team to declare the donations. You can see guidance here:

Tax relief when you donate to a charity

Income Tax: general enquiries

Thank you

Hi,

You will need to contact our Imports and exports team regarding your query.

Imports and exports: general enquiries

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Hi Samet Sahin,

You must declare cash of £10,000 or more to UK Customs. You can see guidance here:

Take cash in and out of the UK

Thank you.

Hi,

You can see guidance here:

Simplified rates for bringing personal goods into the UK

Thank you.

Hi,

You will pay 40% tax on any income that falls into the higher rate threshold during the year. You can see guidance here:

Income Tax rates and Personal Allowances

Information on tax on savings interest can be seen here:

Tax on savings interest

Thank you.

Hi,

Yes, you should enter the relevant total in Box 44 of the SA105. You can see guidance here:

UK property notes (2022)

Thank you.

Hi,

This would be shown on your 2024/25 tax return.

Thank you.

Hi,

The employment income earned after you became resident in the UK should be declared in the employment pages, SA102, of your Self Assessment tax return. You can claim Foreign Tax Credit Relief for any Hong Kong tax deducted in the foreign pages, SA106, under the sub-heading  'Foreign tax paid on employment, self-employment and other income'. You can see information here:                       

Check if you need to send a Self Assessment tax return

Thank you.