Sorrry, I'm not convinced by"The assets of NR Guernsey are covered" I am more convinced by "The fact that there is no deposit protection scheme in Guernsey"

IF all deposits in NR Guernsey are protected why would they not say so?

http://www.gfsc.gg/content.asp?pageID=421

incidentally , despite what is being said , NR plc has not actually been nationalised [ yet]; technically the uk government has taken control and it is now part of the national debt !

actually , the reference to individual investors is not necessary ; as the uk government has guaranteed the solvency of NRG , the guernsey authorities can enforce the repayment of all investments ; you will notice that they are seeking to set up a guarantee scheme as per the FSA ...as it stands you would be mad to put your money in guernsey other than at NRG , presuming their interest rates continue to be competitive

http://www.gfsc.gg/content.asp?pageid=440

rather better than the FSA !!!

in fact the banking industry is up in arms because NR now has a huge financial advantage with the guarantee ; the uk government has therefore agreed that NR will not use this advantage in an unfair competitive manner , but that it will merely remain competitive with the rest of the industry

wrong BB ; northern rock most certainly is covered by by a UK government guarantee of 100% of deposits , and not the limited £35 K FSA guarantee

this guarantee has a cap as to total funds [ as held when the company was nationalised ] ; currently NR holds less than the limit and can take in funds with the guarantee

with regard to it being UK mainland only , this is wrong ; the guernsey financial services authorities have received confirmation from the british government that this includes funds held in the guernsey subsidiary , as with any funds held within the NR group ; I am afraid you are confusing this with the FSA guarantee

unless of course you are afraid the tories are going to get in and default on deposits in a company which is currently nationalised as NR guernsey is , of course

maybe you should check your facts before you post ? don't take my word for it , check with the british government and the guernsey financial services authorities

Sorry, he said Government guarantee. But what I said still applies, NR Guernsey is NOT guaranteed.

Yes NR investments; that is mainland NR investments are guaranteed by all of us.

Sorry Lebesset NR Guernsey investments are NOT guaranteed by the FSA.

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

Hello

I will be selling my house for around £200 000 before emigrating to New Zealand. I won't want to buy a house there for a year and am wondering how best to invest the funds in the UK for a) growth and b) possible income - maybe a split of both. I don't want to lose the capital and would be disappointed if after a year i only had the same money that I started with. What do I do?