what is the cash limit you can take out of england?

Question

i am working in england, and i want to know if there is a limit to the amount i take out the country, will i have to pay a fee, must i declare it, if i dont declare it am i braking the law? is it easy to get away with it?

Answer 1

I only know the limit in Australia is $10000. So unless you're taking that much (£4000) you should be fine.

Edit: Pedro is right actually, $10000 is just the limit at which you have to declare you're taking money. They won't stop you but they will want to know why and may suspect you are dealing drugs or involved in organised crime.

Answer 2

There are no limits on what you can take out of the counrty but most countries require you to declare any cash or financial instruments (checks, stocks, bonds, etc.) over a certain amount. That amount is typically the local equivalent of US $10,000. Most countries also require you to declare any cash above a similar amount that you are bring IN to the country as well.

Answer 3

Unlimited if you declare it. You DO NOT have to pay taxes on declared cash. All they are trying to do is keep track of large sums of money. Don't worry about it but make sure you declare it and keep your papers.

Answer 4

Not sure what you can take out there but in the US, if you are walking around with a lot of cash, the police can seize it and call you a drug dealer. Our war on drugs. God help us all.