jacob 28 Posted July 24, 2008 Report Share Posted July 24, 2008 hes smart as well Quote Link to post Share on other sites
hollands hope 1,024 Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) He,s Fredo ,C last i saw of him ! he was feeding the fish Edited July 24, 2008 by hollands hope Quote Link to post Share on other sites
Waz 4,266 Posted July 24, 2008 Report Share Posted July 24, 2008 You will need to be a residen tof that country in order not to be taxed. People go and live in a virtually tax free country such as dubai.They still work in this country though. Its normally rich bankers and wealthy people who have offshore bank accounts. I invest my money in stocks and shares.I make nice sizeble returns aswell. 5% every two months tax free as it's oli shares. They are hard to get into now as oil prices have gone up and up, so shares are abouty £1.90 each.All tax free as they can't tax shares. How much money do you want to put away anyway? Capital D for Dubai please, and whats oli shares? & do I need to mention the space bar? Quote Link to post Share on other sites
hollands hope 1,024 Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) hes smart as well Not smart enough :laugh: Edited July 24, 2008 by hollands hope Quote Link to post Share on other sites
Waz 4,266 Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) hes smart as well Not smart enough :laugh: That's easy for you to say. Edited July 24, 2008 by GD Waz Quote Link to post Share on other sites
mackem 27,072 Posted July 24, 2008 Report Share Posted July 24, 2008 hes smart as well He wasnt as smart as he would like to think he was if I remember correctly Quote Link to post Share on other sites
hollands hope 1,024 Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) hes smart as well Not smart enough :laugh: That's easy for you to say. your right Edited July 24, 2008 by hollands hope Quote Link to post Share on other sites
maty j 6 Posted July 24, 2008 Author Report Share Posted July 24, 2008 Cheers guys. Looks like the offshore account is out then! I know what you mean Rizini, One of my dads mates does the same but I'm not that rich Stocks and shares aren't an option either.. I think an account in a family members name would still get taxed BC, If that is just the interest or all the lump sum I don't know?? Still that looks like the only option so far but I'll still be loosing money on that account then even if it is a small amount. Thanks HH, I'll take a look at that link tonight. Take care of the pennies and the pounds look after themselves That's what I am trying to do M. Its not great amount I will be getting but it is more than welcome. I'd rather a tax free account and one that can't be traced to me so I will be saving the pennies but even If I put it in a family members name I will still be up..but obviously not as much. Is th tax just taken off the Interest then or the lumpsum and interest?? While I'm here where's the best place to put a lump sum in the bank to gain max interest?? I don't mind having it tied up for max of 3 years if I'll get a better rate?? Quote Link to post Share on other sites
Waz 4,266 Posted July 24, 2008 Report Share Posted July 24, 2008 He went fishing and didnt come back if I remember righty. Quote Link to post Share on other sites
hollands hope 1,024 Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) Cheers guys. Looks like the offshore account is out then! I know what you mean Rizini, One of my dads mates does the same but I'm not that rich Stocks and shares aren't an option either.. I think an account in a family members name would still get taxed BC, If that is just the interest or all the lump sum I don't know?? Still that looks like the only option so far but I'll still be loosing money on that account then even if it is a small amount. Thanks HH, I'll take a look at that link tonight. Take care of the pennies and the pounds look after themselves That's what I am trying to do M. Its not great amount I will be getting but it is more than welcome. I'd rather a tax free account and one that can't be traced to me so I will be saving the pennies but even If I put it in a family members name I will still be up..but obviously not as much. Is th tax just taken off the Interest then or the lumpsum and interest?? While I'm here where's the best place to put a lump sum in the bank to gain max interest?? I don't mind having it tied up for max of 3 years if I'll get a better rate?? on a serious note investing in gold could be an option, coins (south african krugerand ,canadian maple leaf ,american golden eagle) its even possible to buy gold bars and you can rent a safe at your local bank Edited July 24, 2008 by hollands hope Quote Link to post Share on other sites
mackem 27,072 Posted July 24, 2008 Report Share Posted July 24, 2008 I was actually talking to a friend the other week who works in the gold industry,he told me some odd statistic in a mine he visited,cant remember exaclty but something like 1kg of Gold was extracted from 6000 tones of rock?Or 60,000 tons? Quote Link to post Share on other sites
rizzini 1 Posted July 24, 2008 Report Share Posted July 24, 2008 Maty j, I'm pretty sure you can tax free accounts in this country. Quote Link to post Share on other sites
Rabbithunter 456 Posted July 24, 2008 Report Share Posted July 24, 2008 i'll look after it for you maty J Quote Link to post Share on other sites
mart123blue 0 Posted July 24, 2008 Report Share Posted July 24, 2008 if its not that much why not get an isa, one each for you and your partner and thats 14k invested tax free. Anymore than that in one year I would call much... Quote Link to post Share on other sites
Rabbithunter 456 Posted July 24, 2008 Report Share Posted July 24, 2008 if its less than 3k. put it in a mini i.s.a dont get much intrest, but you dont get taxed Quote Link to post Share on other sites
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