Narel Gimenes Ferreira
Joined: 8/9/2024
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RE: Transferring personal money to UK
Hello, I was working and living in Malaysia. I moved to the UK and started working here in March. I'm a resident here now under a skilled visa. I have withdrawn my Malaysia Pension Fund that I gained while working there, and now I need to bring this money to the UK. I have a Foreign Demand Draft cheque in USD, and I would like to credit this foreign cheque into my UK bank account which is also in USD. Do I have to pay taxes in the UK over this money that I gained while working and living in Malaysia if I deposit this cheque in my UK bank account? Many thanks, Narel -
Depositing a foreign cheque in my UK account
Hello, I was working and living in Malaysia. I moved to the UK and started working here in March. I'm a resident here now under a skilled visa. I have withdrawn my Malaysia Pension Fund that I gained while working there, and now I need to bring this money to the UK. I have a Foreign Demand Draft cheque in USD, and I would like to credit this foreign cheque into my UK bank account which is also in USD. Do I have to pay taxes in the UK over this money that I gained while working and living in Malaysia if I deposit this cheque in my UK bank account? Many thanks, Narel