Investing some money
05 October 2012, 04:52 PM
#1
Investing some money
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:
Any one know..?
Thanks
Want to put the money aside for a raining day - even though it feel like its raining every bloody day!
A few questions:
- if i were to put that money into my bank would i be taxed on it?
- If i were to open a new bank account and put the money in a savings account how much interest can i get?
- 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?
- what else could i do with this money?
Any one know..?
Thanks
05 October 2012, 06:08 PM
#4
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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
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
05 October 2012, 07:37 PM
#5
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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:
Any one know..?
Thanks
Want to put the money aside for a raining day - even though it feel like its raining every bloody day!
A few questions:
- if i were to put that money into my bank would i be taxed on it?
- If i were to open a new bank account and put the money in a savings account how much interest can i get?
- 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?
- what else could i do with this money?
Any one know..?
Thanks
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?
05 October 2012, 07:42 PM
#6
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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.
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.
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05 October 2012, 08:33 PM
#8
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finally someone else agrees with me with these posts.
05 October 2012, 10:06 PM
#9
Scooby Regular
05 October 2012, 11:23 PM
#11
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.
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.
05 October 2012, 11:39 PM
#13
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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.
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.
06 October 2012, 05:48 PM
#14
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06 October 2012, 06:50 PM
#15
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