I have some money coming in for my accident i had 2 years back..

Want to put the money aside for a raining day - even though it feel like its raining every bloody day!

A few questions:

1. if i were to put that money into my bank would i be taxed on it?
2. If i were to open a new bank account and put the money in a savings account how much interest can i get?
3. If i were to open a bank in say another country in the EU and pop it in a savings account is the interest rate higher?
4. what else could i do with this money?

Any one know..?

Thanks

 

shares better than any bank

 

just not jjb 10 years ago i think they were 33 quid now 33 pence lol

 

1. Yes, although if you dont pay any tax, you can claim back the taxed interest at year end
2. Approx 3%
3.Not necessarily and you would be exposed to currency risk which will often be greater than the interest rate
4. Cash ISA

 

ffs, did your accident leave you with brain damage?? For the first three questions can't you use google like just about everybody else in the world? Or are you just too lazy?

 

You might find an investment plan that pays 10% with minimal risk.

I've found one for the last 2 years..

...however i've also found another that has paid out about 1% a year. You win some you lose some.

 

Buy gold or silver !!!

 

finally someone else agrees with me with these posts.

 

I'm glad somebody agrees with me and I'm not being too harsh.

Seriously, a grown man asking what interest he might get on the high street? It takes all of ten seconds to get that info on the internet. Lazy ******

 

Totally agree on the above
Google is your best friend
On here you get good honest advice though

You didn't tell us how much ££££ though
But



Booze and hookers
Depends how much ££££ but the memories will last you to the day you die

 

How much did you get? £2k, or £20k? If it's more like £20k, use it to put a deposit down on a very cheap house, get a buy to let mortgage and rent it out.

Shares are very risky unless you know what you're doing. You could play it safe and put it into something like a 3 year fixed rate account.

 

Have you used your ISA allowance. You can get near 4% if you put it in a cash ISA.

 

+1

 

What did you guys think the thread was about after seeing the title?

 

Honestly something that might not be found on google in 2 minutes.

or couldbe " i'm going to invest in a horse bondage company , is it a good idea?"

 

If it's 20k it must have been a big accident.

 

http://www.hazards.org/compensation/whatprice.htm

£20k is peanuts.......


Shaun

 

good read Shaun.

 

I don't think the OP has even been back on this thread to see the responses/advice.

 

No he fooked off with the money

 

runnning trend on this site recently

 

Need to know how much money really.