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Tax Return
genkijuno
Posts: 1 Newbie
in Cutting tax
Hi, I'm a UK resident and I work in the UK now. I receive annual income of a shy of £10,000. I have got a saving in a foreign country approx. £5,000 that I'd like to send to my own account in the UK. Do I need to put this in my self assessment (tax return), this is not salary or anything purely my own money that has been sit in my foreign bank account (this is saved before I came to the UK). Do I need to pay income tax because on the next tax year my income in the UK + this will be exceeding £12,500? Thank you.
0
Comments
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No you don’t. It’s neither income nor gains.1
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