a_s1302
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Transferring Savings from another country
Hi, starting next tax year 24-25 I should be considered a resident. As i have citisenship for the UK and have just moved here from Australia and will be staying for a few years. I am no longer working or earning anything in Australia but want to transfer my savings from my AU bank account to my UK one. Will I be taxed on this/be considered foreign income? Or since its my savings, and ive paid AU tax on it already, and I earnt it while I was a non resident in the UK can I simply transfer it? I currently dont have a NIN or employed currently. However im still an Australian resident for tax purposes.