Transfering money TO the UK

Last activity 16 July 2013 by scubaboy

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expatsinmaltaNew member11 July 2013 12:08:41

Hi everybody,

we are in the process of moving to the UK and we need to transfer our "Maltese" savings to the UK. Not a huge sum, no more than 20,000 euros.

Knowing how awkward the Maltese banks can be, I wonder if any of you have some good advice.

Our current account is with BOV and in the UK is with Lloyds.

My main question is if there are any limitation to the amount to transfer because of the EU money laundering regulations or any other unexpected quirks.

Moreover, any idea if the sum is then going to be taxed in the UK?

Thanks in advance!

Massimo

PS: I hope this was not discussed in a previous post. If this is the case, I didn't find it!

ToonCyprus Expert11 July 2013 16:08:20

9841

speak to scubaboy

tearnetViP11 July 2013 16:41:22

2179

The banks just need to know the source of the money, if it's bank to bank then it's not a problem.

Terry ( camping it up in Sicily)

ToonCyprus Expert11 July 2013 17:06:51

9841

Terry known as "Peg"gy

Seat 0AActive member12 July 2013 17:03:01

No problem, you can just transfer the money with an internet SEPA transfer.

scubaboySerial expat16 July 2013 12:52:14

872

pm me your telephone number and I will give you details. Rate is actually extremely good for transfer into GBP at the moment

Julian

scubaboySerial expat16 July 2013 12:56:16

872

I have PM'd You

Julian

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