Transfer money from Belgium to UK

€149.04 Avg. Saving vs. Banks ?

Here are the latest prices for transferring money from Belgium to UK
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Top 9 Money Transfer Providers

Exchange Rates as of 2018-02-23T12:34:58+00:00

World First

?
Est. 2004
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Amount Received
£8,720.37
€160.26
saved vs. banks
Best Rate Guarantee

TorFX

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Est. 2004
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Amount Received
£8,722.57
€162.76
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OFX (prev. UKForex)

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Amount Received
£8,704.98
€142.76
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97% Feefo Rating

Moneycorp

?
Est. 1979

There are no fees for FXcompared users

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Amount Received
£8,704.98
€142.76
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Currencies Direct

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Amount Received
£8,696.19
€132.76
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Currency Solutions

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Amount Received
£8,712.90
€151.76
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FC Exchange

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Est. 2005
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Amount Received
£8,713.78
€152.76
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Smart Currency Exchange

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Amount Received
£8,704.98
€142.76
saved vs. banks

RationalFX

?
Est. 2005
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Amount Received
£8,713.78
€152.76
saved vs. banks

How to Transfer Money from Belgium to UK

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Frequently asked questions

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Belgium to UK Summary

Individuals and businesses may freely transfer money from Belgium to the UK, as both countries are members of the European Union, whose common policies allow for the free movement of capital. However, the UK is not a member of the Euro, which means that Belgium-UK money transfers will require the conversion of euros (EUR) to pounds sterling (GBP). Money transfers between the two countries are frequent, driven largely by international trade, investment and travel. Under regional anti-money laundering regulation, transfers to the UK that exceed a value of €10,000 must be declared to customs authorities.

Belgium to UK Visas and immigration
Thanks to the EU’s common free-circulation policies, Belgians do not require a visa in order to visit, work or live in the UK. However, Belgian citizens residing in the UK must book an appointment and go in person to the embassy in the UK in order to apply for a new passport. As of 2014, there are approximately 30,000 British nationals living in Belgium and 30,000 Belgians residing in the UK.

Belgians Studying in the UK

Belgians do not need to apply for student visas in order to study in the UK. Foreign study may require substantial money transfers to the UK, as local tuition fees and the cost of living can be fairly expensive. Students from Belgium who hold an EU passport and who have been living in Belgium for at least three years prior to the beginning of the course are eligible to pay the same amount in fees as UK students.

The tuition ranges between €9,000 and €12,000 for each academic year of undergraduate studies and approximately €7,000 to €20,000 per year for post-graduate studies. These fees tend to increase substantially each year. Students from elsewhere in the EU are authorised to work part-time for up to 20 hours per week during the school year, and full-time during breaks.

Trade between Belgium and the UK

The two countries have a long-established trade relationship, and the UK is one of Belgium’s largest trade partners in Europe today. Belgium imported goods and services worth €17.9bn from the UK in 2013, down slightly from €18.6bn the year before. It is Belgium’s fifth-largest source of imports, and the fourth-largest market in the world for Belgian exports. In 2013, the two countries’ total bilateral trade amounted to €44bn, driven primarily by minerals, transport equipment and chemical products.

Banking and money between Belgium and the UK
To open a UK bank account you will need to provide proof of local UK address, income and employment. You may be able to avoid having to get a new account in the UK if you use the services of a transnational bank such as HSBC or any other EU-related banks with a network between the two neighbouring countries. It is important to have an established bank account so that it will be more efficient to transfer money from Belgium to the UK, whether this is to support international relocation, purchase goods and services or invest abroad.

Taxation in the UK

The tax year in the UK goes from April 6th to April 5th of the next year; on the other hand, the Belgian tax year runs from January the 1st to December 31st. This will affect how you organize paying taxes. If you reside in the UK for 183 days or more during a 12-month period, you will have to pay tax on the income you earn worldwide. However, if you live in the UK for less than 183 days you will only be subject to pay tax on the income you earn within the UK. Seek specialist tax advice for your own situation.

Belgians will also have social security deductions taken from their earnings. How much you pay in taxes depends on how much you earn, in addition to other factors. It is important that you find out as much as possible about the relevant financial regulations in the UK prior to relocating from Belgium to the UK, especially if you plan to make a large purchase or transfer currency from euros to pounds.

Traveling with your pet from Belgium to the UK

The Pet Travel Scheme (PETS) regulates the movement of animals between Belgium and the UK. Household pets such as cats and dogs are allowed to travel freely between the UK and other EU countries without need for quarantine, but some conditions must be met. Dogs must undergo treatment for tapeworm between 24 hours and five days before travelling.

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