Hugo6788
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RE: Creating savings account from Abroad
Hi, Non of the options on this link are relevant. I am a UK citizen with money in my UK current account (held since being a UK resident) I reside in Germany but would like to move the money from a UK current account to a savings account. Is this allowed? What is required? I have tried calling but am cut off due to long waiting times Thanks Hugo -
Creating savings account from Abroad
Hello, I am a UK citizen who is now a resident in Germany. I have an NI number. Before I left the UK I already had an ISA which I still have. I also have some savings (zero interest) in a UK account. I wish to consolidate this money and create a new savings account, within the UK, with better interest. In this instance what must I do in terms of declaration with HMRC? The interest I would generate would be under the tax threshold. Thanks.