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Topic: Best way to save in the UK?  (Read 827 times)

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Best way to save in the UK?
« on: August 19, 2007, 08:38:41 AM »
My husband and I are planning on moving back to the US in two years' time and want to take as much advantage of the strong UK pound while we can. Every year I get a pretty reasonable bonus through work, and we want to use that to build a decent downpayment for a house when we arrive. We're currently paying off a lot of debt and have no savings.

We're thinking of opening an ISA account, but we really have no idea which bank to use or even if that's the best route to go down. I've heard good things about Halifax's savings schemes, but I want to be fully informed before we make an choices. I'm also wondering about investments like savings bonds? My knowlege on this subject is woeful so any tips or advice would be welcome.



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Re: Best way to save in the UK?
« Reply #1 on: August 19, 2007, 09:13:03 AM »
1. Avoid any form of collective investment eg UK unit trusts or investment trysts, to avoid the PFIC reporting & tax in the US.

2. Invest offshore to take advantage of your non-UK domicile status.


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