Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Transferring a lump sum from Ireland to UK - best option?

Options
  • 01-10-2006 10:39pm
    #1
    Philby
    Closed Accounts Posts: 12 ✭


    As another beneficiary of the SSIA windfall I'll have €11,500 coming my way at the end of October. I'm planning on going travelling in May '07 but want to get this money working for me in the meantime. I won't need to touch this money between Nov '06 and May '07 (so wouldn't fall foul of any penalty charges on savings accounts).

    I've got a few questions:

    1) As I am no longer an Irish resident (have been resident in the UK for ~3 years) I presume I won't be able to take advantage of any of the post-SSIA windfall investment opportunities in Ireland. Is that right?

    2) If the answer to (1) above is yes then I'll probably need to bring the money over to the UK and invest it here.

    What is the best way to bring this money over (approx. €11,500) from Ireland to the UK to invest?

    and

    3) Any advice on areas to look into investing this money in for 6 months (nov '06 to may '07)?

    Cheers.


Advertisement