As this is the font of all knowledge I thought I’d punt this one out there and hope for some ideas or inspirations.
I put a bit of money to the side a few years back and it’s now around 26000.
I thought it wouldn’t be a bad idea to leave this cash to go towards the young’ens if they ever decide to go to Uni.
I’m not living in the UK, although the money is sitting there in a UK bank. I have an address in the UK, but don’t live there and don’t pay any income tax in the UK.
I hear about ISA’s but the best I can see so far is 1.85%. I don’t mind locking it away for say 3 years (you never know if I “might” need it, or if interest rates change for the better), and there I’ve found a bond for 2.7%…but I assume I’ll pay tax on the interest?? (that bit I’m not so sure on…is there an allowance I can earn, before I need to pay UK tax?)
Anything else to consider?
As for Coke and hookers…..that’s what the day job income’s for 😉