I’m thinking of selling my property in the UK which would generate quite a large amount of cash. I don’t want to bring the cash to Switzerland. Any suggestions of how to invest it ‘in the UK’ ? (I’m a C permit Swiss resident)
Fundsmith. I bunged £10k into a FS account a few years ago and its up 29%.
I’m not at all investment savvy but I took the advice of fatmanfilms and others and all good so far.
Ah… thanks… let me rephrase… what different types of ‘investments / savings accounts’ can I make without bringing the money to Switzerland ?
So a fund (like Fundsmith ?) might work… is there any other ‘saving accounts / policy / pension’ type options that would provide a guaranteed return ?
I’m not really looking for a detailed Fund_X answer… just some broad ideas.
No suggestion so far comes with a guaranteed return, though for FS the odds are rather high.
In case the reluctance to transfer it to Switzerland is for taxation reasons, know that worldwide funds are taxable, and the Automatic Information Exchange ensures that the Swiss tax authorities will be informed about the monies.
Is there any difference between a Swiss or say German bank account these days considering both would rat you out to the tax man.
Asking for a friend.
The US are a tax haven nowadays and apparently won’t inform our tax authorities, they get the data they want with FATCA and don’t care about informing their “friend” countries. Other than that the country (developed world) won’t make a difference.
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Thanks for the replies. It’s not a tax issue. I’ll pay whatever is due. Was just wondering if/how I could ‘keep’ the money in the UK.
I believe the Swiss franc will continue to strengthen against the pound. I remember sceptics poo-pooing the possibility of parity with the dollar and the euro. The pound will be next and I would not hold significant amounts in pounds.
Premium Bonds? There is a limit how many you can buy? I think it is 30K