rather than bother to ask you how to bring 18k into the UK without paying tax on it.....i'll ask where you get 12% in an offshore account. I've put millions in offshore bank accounts, i must have missed this one!

I don`t have one ounce of sympathy for someone that blows £10 million.

One thing I've never understood about lottery winners, and footballers for that matter. Why do they immediately go out and buy massive houses when the money rolls in :wonder:
I wouldn't want anything bigger than I have already, bigger house just means more work and more maintenance to me:nono:


Having said that, I would probably have to acquire an industrial unit somewhere to house the car/bike collection I'd build up:cool:

Its a status thing to show how well your doing and to let everyone else know, you get the odd few that this won`t apply too but for the majority of big earners then this is the case. Its just like we rich people buy more flash cars, its to go with their image of being a big earner.

Lol! It's alright Sharkman, Stephen is a good friend of mines :luvlove: ; he knows I'm only joking :)

I feel like a bit of a prick now (even though I shouldn't, very disadvantaged when it comes to things like this; 24 AND female!). I recieved an enlightening phonecall - Livi were once called Meadowbank Thistle. :o

There y'are, you learn something new everyday! :D

modest ? 1.5m at 6% is more than modest! would be nice to earn that sort of money for doing the square root of cock all!

He may have been assuming that you wanted to receive the interest in perpetuity, while also maintaining its buying power. £1000 50 years ago was a large amount of money, these days its worth nowhere near as much.

So if you want to live your whole live 60+ years from the interest alone, you can only spend the interest element that is above inflation.

Eg: Interest rate you get is 6%, inflation is 4%, so you only get to spend 2%. That drops your income down to only £30,000. I say only, as that is still a proper wage for doing nothing.

Modest being of that £1.5M, half will be expected to be tied up in assets; such as house, cars etc. Realistically leaving alot less to use as an investment to gain an interest that one could use to gain an income from.

Anyhoo, thats besides the point.

:thumb: :thumb:

;) They moved to Livingston about 10 to 15 yrs ago. :D

Giving away capital to family, friends and charity was mistake number 1. Invest the capital and give them the interest if you want to give some away.