In theory, you can transfer as much money as you want overseas. However, the amount you can actually transfer is limited by the policies of the transfer provider you use.
Here's a breakdown:
- No Theoretical Limit: There is no overarching law that restricts the total amount of money you can send abroad.
- Transfer Provider Limits: Banks and other financial institutions set their own limits.
- Bank Limits: Banks typically have international transfer limits ranging from £25,000 to £50,000, but this depends on the specific bank you use.
Therefore, the answer to "How much money can I transfer abroad?" depends on the specific transfer provider you choose. Always check with your bank or transfer service for their specific limits before initiating a transfer.
