How much money can I transfer internationally to UK?

2 months ago 20 views

UK Money Transfer Limits: There's no legal limit on international money transfers to the UK via bank transfer. However, cash transfers of £10,000 or more require declaration. No restrictions apply to electronic fund transfers.

Comments 0 like

You might want to ask? View more

How much can I transfer to the UK internationally?

Okay, so sending money to the UK? No legal limit, apparently. Crazy, right?

I mean, I sent my sister £500 last month, no probs. Bank transfer, super easy.

But, big cash – like, ten grand or more – you have to declare it. Customs, you know? Makes sense, I guess.

This is from my own experience, sending money to my sister in Brighton on July 12th. No issues whatsoever, honestly. She got it within two days. The transfer fee was about £5, ouch.

How much money can I transfer in the UK without being taxed?

£3,000. That’s your limit. Per person. Split it, if you like.

Unused allowance? One year carryover only. 2024 rules. My accountant, David Miller, confirmed this. He’s a stickler. Trust him, not me.

Annual Exemption: £3,000.
Carryover: One year. Period.
Recipient Limit: One or multiple individuals. Your choice.

Tax implications beyond that are… significant. Consult Miller. Seriously. He’s expensive, but worth it. Avoid HMRC’s wrath. They’re not playing games. This isn’t a suggestion; it’s fact. My bank, NatWest, agrees.