scoobydooathome

Hi guy's,

OK, we all know the rate of exchange is'nt that good, so what are you doing with that loverly jubberly pot of gold,

# do we take a bit,

# do we take a lot, narr no thanks ...

# do we take just enough for 3 / 6 months, maybe ...

It could be good to rent for a year, grrrr did'nt want to do that, but,

How long can we have / leave our Sterling in the UK for, not looked into this bit yet, tax etc ...

Dinky

Scooby,
Take a scooby snack until the autumn man. Chil..........



Dinky

scoobydooathome

I will, thats what Hubby say's,

Don

Probably looking at a 2-5 year cycle? So maybe take enough for immediate needs?

Cheers - Don

baldbutts

Know exactly where you're coming from Scoobs.
We will probably rent,and keep the money in the U.k.
Maybe someone like TerryG could let us know where the best place to keep a few quid would be.Also,do you think you could leave the cash in an account of a non-taxpayer-e.g kid or O.A.P parent ?


BB-burns a hole in me pocket anyway

scoobydooathome

Hi Baldbuts,

Good to see you're made time to be online,

We too are gonna do the same, hold onto Sterling then suck it and seeeeee,

Were coming out soon, got to get on now we really have no excuse, tied for 8 more weeks in our rented in the UK then asta la visata babeeeeeeeeeeee,

See you in Perth ...

bored_bean

If you leave investments (including cash in a bank a/c) in the UK then you are liable for capital gains tax on the INTEREST. Exchange rate fluctuations don't count (as far as I can tell). My bank charges £18 for a wire transfer at near interbank rates so I'll transfer it as I need it until the rate gets good ( I reckon >2.70). I would hope that your salary would cover renting so what do you need the savings for except to buy? You might have to forgo expensive holidays and toys for a while but it's gotta be worth it.

terryg

BB

sent you a PM re this

mashiraz

Spend £20k each on premium bonds, it doesn't earn interest much, but you get to win quite often I'm told, but not the big prize . Makes life interesting though.

Mash...

terryg

Hi Mash

the limit went up to £30k each as of last Monday

mashiraz

Thanks Terry One day It'll be my lucky day...

Mash...

terryg

Thought your lucky day was in July

Sandra

Father in law reckoned you could earn at least 4% per annum in premium bonds.

I did 4000 for the last two years and still in, so far 50 quid win!!!! It is a lottery or is it I am not lucky? But then again I am living in Aus and intending to stay for a few years more.

Best of luck....I agree with the principle

terryg

Hi Sandra

Isnt it past your bedtime ?

Premium bonds are the only opputunity to win a million pounds sterling and get your money back.

Given an average person's luck - you will earnt more than any bank or building society instant notice or 30-day account.

You could also however win larger prizes.

Good luck

Sandra

Well past bedtime for most...I am in IT and have laptop will work!!!! But I also have fun too posting here 3.22am here Sydney time.

Averge persons luck??...I hope they have more than me 50/4000 = 1.25% over two years? Was stating it is not a sure investment, yes I will stand you a Guinness when I win the mil.

...but then that first 50 pound win came in .......I loved it!!!!

Cheers