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Old 13.05.2014, 14:36
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Rangatiranui Rangatiranui is offline
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Re: Transferring funds from UK to Swiss account - do we need to declare it?

You're right BM, as far as I know, anything under 20k is small fry and doesn't need to be specially recorded by the bank.

Also, you may not know yet if you will be taxed at source, or need to save and do a one-off payment for the year in October, so "declaring it as income" for tax purposes would either be classed as "gift" or not at all (if you're taxed at source) . Again 10k is probably below the threshold .
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