mahesh angadi

Hi, I am a citizen of India and domeciled from India. I become UK tax resident from Apr-2023. My question is related to savings accumulated in India ( from employment) before I becoming UK tax resident. I would like to transfer my indian savings to UK. How to declare it to HMRC so that i do not have to pay tax on it in UK? Regards, Mahesh

hi HMRC Admin 20, Link you shared talks about foreign income and gains. My question is related to savings accumulated before I becoming UK tax resident. If i bring it to UK , will i have to pay tax in UK?

Hi Team, I have question related to my accumulated savings from my earlier jobs in India, Will i be taxed if i bring my savings to UK? Little background : Type 1 - Till Dec-22, i was employed in India. I have had savings accumulated in bank account in India till Dec-22. Type 2 - Employee Provident Fund account , which i had been contributing to from Jan,2011 to Dec,2022, when i was in india. Now, as I have become an UK resident, I had to close it and withdraw the ammount recently (Sep-23).Funds got credited to my indian bank account. This fund is tax free as per india government rule due to continuous service of 10 years. Please guide me with below questions 1 - Will bringing both of these funds to UK, attract tax in UK? 2 - If NO, How can i declare it to UK tax authority to avoid future issues if there will be any? Thanks & Regards,

Hi HMRC Admin 25, Many Thanks for the response.Apriciate it. I am finding useful info on the link shared by you. I have one more question on my savings from my earlier residency in india. Will i be taxed if i bring it to UK? Type 1 - Till Dec-22, i was employed in India. I have savings accumulated in bank account in India till Dec-22. Type 2 - Employee Provident Funds , which i had been contributing to for continuous service of 10 year in India till Dec-22. I had to close it and withdraw the ammount recently ( Sep-23 , When i am UK resident for TAX purpose) and they got credited to my indian bank account. This fund is tax free as per india government rule due to continuous service of 10 years. Please guide me with below questions 1 - Does bringing such funds to UK attract tax in UK? 2 - If NO, do i need to declare it? Thanks & Regards, 

Hi , I have doubts on UK taxability for my potential earnings in India. Please guide me. Facts : I am in UK since Dec-2022 , working in private sector. Previous to that ,i had private sector job in India. I have retirement corpus & savings from my india's job , kept in India bank account. Situation : Suppose , I bought a private annuity plan in India using all of my indian funds. Annuity payouts will be credited to a joint account (me & my wife). Potential Earnings from annual 'annuity payouts' will GBP 5000 (more than GBP2000). I have no plans to bring it to UK ever. Questions : Considering above Facts and situation , 1 - Will I be taxed in UK on the earnings from annuity payouts ? 2 - If NO , Do I have to declare it ? 3 - If Yes , Do we have UK government website, to understand complexities about remittance basis and arising basis? Exact link will be very helpful.