HMRC Admin 8 Response

Hi Ganesan Rajagopal,
Yes.
Thank you.

Hi,
No.  As you will have already paid tax on the payments you make and there will be no gain arising from the policy marturing, there is nothing to declare.
Thank you.

Hi,
There are no income tax implications re: the transfer of funds from an overseas account to a UK bank account.
Any interest or dividends generated may however be taxable:
Tax on savings and investments: detailed information
Thank you.

Hi,
You will need to review the tax treaty between the UK and Hong Kong at:
Hong Kong: tax treaties, to determine whether your sources of income are taxable in Hong Kong or UK or both countries.  
Where your overseas income is taxable in the UK,  you will need to submit a self assessment tax return and where tax is payable overseas on that income, you can claim a foreign tax credit.
Thank you.

Hi,
Please contact the IHT Helpline on 0300 123 1072:
Inheritance Tax: general enquiries
Thank you.

Hi,
You should complete the form P85 to apply for a Nil Tax (NT) PAYE code.  
There is no time limit for how long you can work overseas for a UK Employer.  
Please see this link which gives further guidance about leaving the UK and how this affects your Tax and NIC deductions:
Tax if you leave the UK to live abroad
Thank you.

Hi,
If information sent to HMRC in error by savings company then they should send amended details to HMRC.
If you contact the savings company if not already done they can send the details. 
Thank you.

Hi,
As you have moved abroad, you can no longer contribute to the ISA after the end of the tax year that you moved.  
No-one else will be able to contribute to it either.  
You can still keep your savings in the ISA and get tax relief on money and investment held in it.
Thank you.

Hi,
The interest from the account when it matures, will be your wife's income, which she will need to declare.  
There is no tax liability in the trasfer of a cash gift.
Thank you.