British Expats

British Expats (https://britishexpats.com/forum/)
-   Moving back or to the UK (https://britishexpats.com/forum/moving-back-uk-61/)
-   -   Returning to the UK, tax implications? (https://britishexpats.com/forum/moving-back-uk-61/returning-uk-tax-implications-938257/)

dxb2090 Apr 22nd 2021 3:00 pm

Returning to the UK, tax implications?
 
I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,

Siouxie Apr 22nd 2021 4:17 pm

Re: Returning to the UK, tax implications?
 

Originally Posted by dxb2090 (Post 12998364)
I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,

Hi and welcome to BE! :welcome:

I've moved your post from the Maple Leaf forum to our Moving back / to the UK, as you're more likely to receive relevant replies here.

Good luck with the move! :)

austin_d_powers Apr 23rd 2021 5:19 am

Re: Returning to the UK, tax implications?
 

Originally Posted by dxb2090 (Post 12998364)
I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,

None. You will have no tax on life savings. Bank may ask where the money came from (are you involved in crimnal activity / laundering dirty money)


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