why uk ? try northern rock guernsey ......1 year bond at 6% currency ,and you can choose no deduction of tax at source wherever you live ; you just have to declare your tax residence so that they can send the information there ; whether it would be better to stay as a uk taxpayer for a bit or change immediately to NZ I have no idea

the point about NR is that it is currently nationalised , and instead of the guarantee up to £35K ALL funds are guaranteed

only snag is that this is up to a global maximum for the company , so they may refuse your funds on this basis if they have reached this figure ; however you could shop around and find other offshore bonds with suitable guarantees like being owned by a major bank that isn't going to go bust ! you would have to split the money in that case in all probability

the point is you wouldn't be able to claim interest free of tax in uk because the E85 declaration says you don't expect to exceed the personal allowance ...and you would , even if there are 2 of you [ £12,000 pa ] ; whatever decision you make it is almost certain that you should split the money if you can to take advantage of personal take allowances

money in the stock market on a short term basis like this , in current market circumstances ? as john mcEnroe would say , you cannot be serious ; strictly for insiders

couldn't make yourself over 65 , could you ? thanks to mr brown , personal allowance over £9K now