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Overseas Workday Relief - Exchange the Money

Exchange the money from GBP to EUR without bringing back the money to a UK domiciled account?

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Hello,

I am really confused about this one. When we are getting back the tax money under the Overseas Workday Relief, it is transferred to a non-domiciled account (e.g Expat account) in GBP.

To exchange this money to EUR for instance, which is the country of residency, it first has to go through a GBP account which might be domiciled in the UK which will then transfer it into Euro:

- Doing a transfer through Transferwise or Revolut or any other FX platform

Would that step be a problem? The alternative would be to use the bank which received it but they charge a horrendous 4% fee.

 

Thanks!

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