Sunday, October 21, 2012

Taxed savings moving back to the UK


Taxed savings moving back to the UK?
Hi, I currently reside and work in Sweden and have been doing so for the past 7 months. I'm originally from London, and had decided to move abroad upon meeting my girlfriend. I'm thinking of starting a savings account here in Sweden, and plan to move back to the UK within the next few years. Will I be taxed on my savings?
United Kingdom - 1 Answers
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1 :
If you're Swedish resident then you'll pay Swedish tax on income there. No UK taxes are due on funds brought in to the UK from Sweden unless you remain UK resident.