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Overall best way: Currencies Direct
Currencies Direct scored the highest of the 11 money transfer companies supporting AED to GBP transfers.
In total, Currencies Direct appeared in 77.2% of United Arab Emirates to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Currencies Direct for your United Arab Emirates to United Kingdom transfer.
How to compare companies offering money transfers from United Arab Emirates to United Kingdom
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Arab Emirates to the United Kingdom. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to the United Kingdom.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Arab Emirates to your chosen country & currency.
Summary of recent searches
Considerations for sending money from United Arab Emirates to United Kingdom
Always compare ways to send money from the United Arab Emirates to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 11 providers that operate between United Arab Emirates and United Kingdom.
Through this, you get a comprehensive view of all the options you have in the United Arab Emirates when you need to send money to the United Kingdom.
Cheapest way to send money from United Arab Emirates to United Kingdom: Key Currency
Our data shows, over the past six months, that Key Currency is 0.1% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 0* AED and a AED-GBP exchange rate for international transfers that is 0.19% different to the mid-market rate.
Securing the best rates on a AED to United Kingdom transfer can be done with Key Currency but you can always search for your specific amount.
*The most common fee applied by Key Currency when sending AED-GBP, based on data from the past six months.
Fastest money transfers from United Arab Emirates to the United Kingdom: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from the United Arab Emirates to Pound Sterling in 77.2% of instances.
Over the last six months, sending money from the United Arab Emirates to the United Kingdom through Paysend have an average fee of 0 AED.
Paysend was one of 11 money transfer providers we compared for overall speed of sending money from the United Arab Emirates to the United Kingdom. This speed test included depositing UAE Dirhams to an account and the average timeframe for sending money to the United Kingdom.
When fast transfers are a priority, Paysend is our best choice for sending from United Arab Emirates to United Kingdom.
Transfer a large amount of money
Currencies Direct is the best rated company for sending large amounts of Pound Sterling to the United Kingdom out of 11 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to the United Kingdom from the United Arab Emirates has the potential to be very expensive.
Currencies Direct is our choice for big transfers to AED because of all round price, speed and management when making large transfers.
Tax implications on transfers from the United Arab Emirates and into the UK
When receiving money in the UK from the United Arab Emirates, the recipient should be aware of any legal and tax implications of the transfer.
Depending the type of transfer being received, obligations in the UK will differ.
There are also potential tax reliefs that those receiving money in the UK from the United Arab Emirates should be aware of.
These are:
Type of Income/Tax | Declaration or Relief | Details | Monetary Values |
|---|---|---|---|
Employment Income | Declaration | Salary or wages received from abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Self-Employment Income | Declaration | Payments from clients abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Pension Income | Declaration | Overseas pensions are subject to UK income tax, with possible exemptions depending on tax treaties. | Variable based on pension income. |
Foreign Investments | Declaration & Relief | Gains from selling overseas assets are subject to capital gains tax, with relief under double taxation agreements. | Tax-free allowance: £12,300 (2023-2024). Tax rates: 10% or 20%. |
Gifts and Inheritances | Declaration | Subject to UK inheritance tax, especially if the deceased was a UK domicile. | Threshold: £325,000. Tax rate: 40% above threshold. |
Foreign Dividends | Declaration & Relief | Subject to UK income tax, with possible relief for foreign tax paid. | Tax-free dividend allowance: £1,000. Tax rates: 8.75%, 33.75%, 39.35%. |
Foreign Interest | Declaration & Relief | Interest from foreign accounts is subject to UK income tax, with possible relief for foreign tax paid. | Tax-free savings allowance: £1,000 (basic rate), £500 (higher rate). |
Double Taxation Relief | Relief | Relief against UK tax liability for foreign tax paid on the same income. | Varies based on foreign tax paid. |
Remittance Basis (Non-Domiciled) | Declaration & Relief | Tax on foreign income and gains only if brought into the UK, with specific rules and charges. | Annual charge: £30,000 (residents of 7 out of 9 years), £60,000 (residents of 12 out of 14 years). |
Reporting Requirements | Declaration | All foreign income and gains must be reported to HMRC via self-assessment tax return. | Penalties and interest for non-compliance. |
Understanding the costs involved when transferring money from United Arab Emirates to United Kingdom
When calculating the costs of money transfers between United Arab Emirates and United Kingdom, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the AED-GBP mid-market rate equals 0.2146 GBP per UAE Dirham.
For reference, the AED-GBP average mid-market rate for the past three months has been 0.2106 GBP per UAE Dirham, with a high of 0.2154 and a low of 0.2044.
The company offering the best exchange rate is Regency FX.
Often the AED-GBP exchange rate you receive is the bigger factor than how much it costs to send UAE Dirhams to the United Kingdom.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Key Currency, averaging 0 AED over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.
Amount Received: The amount received in Pound Sterling is the biggest indicator the total cost of sending money from the United Arab Emirates to the United Kingdom. Essentially, the more the recipient receives in the United Kingdom, the less it is costing to send from the United Arab Emirates.
How to find the best exchange rate for UAE Dirham to Pound Sterling
Timing is essential for sending money between AED and GBP. The exchange rate you secure impacts how much GBP you get for your AED.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from AED to GBP has seen some fluctuation. On average, it stood at 0.2106.
During this period, the highest value recorded was 0.2154, while the lowest was 0.2044.
Currencies Direct, which is our recommended service to send money online from United Arab Emirates to United Kingdom offers an exchange rate that is only 0.77% above the mid-market rate.
Want to secure the best AED-Pound Sterling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Arab Emirates to United Kingdom!
Funding your United Arab Emirates to United Kingdom money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from the United Arab Emirates to the United Kingdom.
By using a money transfer company such as Key Currency for transfers from the United Arab Emirates to the United Kingdom, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Key Currency is the cheapest way to send money via a bank transfer. This is of the 11 companies we tested when sending AED to the United Kingdom.
With an average fee of 0 AED to send money from the United Arab Emirates to the United Kingdom, Key Currency offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United Arab Emirates to the United Kingdom with a debit or a prepaid card is easy with Xe.
Xe is a leading money transfer company for debit card payments, and offers transfers from the United Arab Emirates to the United Kingdom.
Credit cards
When it comes to sending money with a credit card from the United Arab Emirates to the United Kingdom, Xe is our top choice of the 11 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and United Arab Emirates.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Arab Emirates to United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send AED to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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