I am a non-resident Briton who has built up a substantial amount of savings while working abroad. This money was earned from employment in foreign countries and was taxed in those countries. Are there any tax implications if I transfer some or all of this money from my offshore bank account into my UK bank account? Is there a limit to how much I can transfer into my UK account? From what I have read so far, this answer is "no" and "no", however I am nervous about tax and would appreciate some reassurance...
[UK-tax-filter]. I'm a resident of UK, though not a national of UK, EU or US. I work and pay taxes in the UK. Is it legal for me to transfer my money to a savings account in another country and hence avoiding the tax on the income from saving accounts? If it is not legal, how would the HMRC ever find out anyway? [more inside]
Where can I get good tax advice in the UK? [more inside]
I am trying to figure out how to invest money for retirement and otherwise. I am in my late 20s, earn $55,000 annually, have no debt, and about $90,000 in savings. I am currently putting 5% of my salary into a 403(b) which is the maximum amount my employer will match. [more inside]
How much should I put in my medical Flexible Spending Account for next year? [more inside]
Does it make sense to (and what are the tax implications) of converting IRA funds into a Roth IRA account?
Does it make sense to (and what are the tax implications) of converting IRA funds into a Roth IRA account? [more inside]
I have a chunk of change that I am trying to make earn more than the small interest in my savings account. Can anyone speak to the tax implications of someting like an ING Direct savings account - which is offering a promotional yield of 4.0% - vs. something like a money market fund, which lately seems to yield in the range of 3.8 - 4.3? Help me make my money work for me!