How do you save/invest money

Guya, thanks for the info and comments. I have another 5 years before I reach 7 years in the UK so I'll keep doing the US mutual fund thing until I have to deal with the choice of arising basis vs remittance and the 30k charge.

For anyone who's interested I found this article that argues for a couple of ways to make investing in US mutual funds easier and make their UK tax treatment fairer.
Maybe we need to come up with a petition or something supporting this.

http://www.icaew.com/index.cfm/route/153657/icaew_ga/en/pdf
http://www.hm-treasury.gov.uk/pbr_csr/documents/pbr_csr07_offshore.cfm

FYI I looked at the HMRC distributing fund list a bit more closely and I now think that  it's the European version of my US mutual fund that's included, even though its called exactly the same. I'll talk with my US mutual fund company, at least I know the right questions to ask, they'll probably just shurg their shoulders. Still I'm now going to look for a family of US funds that is recognized by HRMC wrt distributions/reporting and CGT - I have 5 years anyway.

If all else fails I'll just move into long term CDs and individual stocks bought through my US broker.

masterblaster - I really like your chioice of reading since I was the author of most of the ICAEW piece you linked!

masterblaster - I really like your chioice of reading since I was the author of most of the ICAEW piece you linked!

Guya despite of the riveting subject manner I'd rather be reading a good novel.