2006-11-17 04:50:10 · 23 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If I had £20,000 I'd use it to start my own business. Well, some of it anyway...
2006-11-17 04:55:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would say the simple answer is invest it in an offshore bank i.e Isle of Man they will check you out but once they are satisfied you only need to pay tax on the interest not the capital and at a much lower rate than UK the top rate over there is 18% but pick a reputable bank
2006-11-19 02:30:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Put £5000 in a deposit a/c, £10,000 in the stock market and spend £5,000 on good time.
And since your investments will produce extra income, you will have a better standard of living from then on.It is all right for some!
2006-11-17 07:05:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Spend some, invest some.
2006-11-17 06:27:32 · answer #4 · answered by nyasasmom 3 · 0⤊ 0⤋
You might be able to get better answers in the Yahoo Answers for the United Kingdom. This is the American one and I am not sure if the people here (inculding myself) will know exactly how much money that is. If you look at the bottom of the page you will see United Kingdom listed.
2006-11-17 04:59:55 · answer #5 · answered by Bee Biscuits 6 · 1⤊ 0⤋
60% in Stocks and Shares (obtain advice from an FPM). The rest in a secure savings option such as a High Interest Savings account and Cash Mini Isa.
2006-11-17 04:54:59 · answer #6 · answered by qai5er 2 · 0⤊ 0⤋
Spent three quarters of it yourself and give everyone one of your family and friends a wonderful Christmas, and also some to your favourite charity. Invest the other quarter in some high yield saver for five years. You will have something to look forward to and you will have a fab Christmas because of your kindness.
2006-11-17 05:01:57 · answer #7 · answered by theresa b 2 · 0⤊ 0⤋
Invest it, wisely. Buy a house in France. Look at my Yahoo group viennehouse4sale@yahoo.co.uk. Good luck!
2006-11-17 05:11:58 · answer #8 · answered by stclair86330 1 · 0⤊ 0⤋
20 Bp is a lot of money. You can spend it on a worthwhile venture and it is good as saved. You can save it and do not have value for your savings. It is better to weigh the options first before you take a decision.
2006-11-17 05:11:00 · answer #9 · answered by Andrew O 2 · 0⤊ 0⤋
Spend some, save some & remember it's Children in Need day so a donation is always nice! Whatever you do - enjoy it!!
2006-11-17 05:00:33 · answer #10 · answered by Anonymous · 0⤊ 0⤋