Yes we are both using all our allowances.

also what is your income tax position ....do you both use all all of your personal allowances for example

Thank you. Security and Interest for at least of the funds I would think. Some would need to be instant access. Also both ourselves and our daughter have defaults on our credit history and I've heard that you can pay to have these removed. Is this true?

Hi Tricia,

A lot depends on what is important to you - Security, Interest Rate, Instant Access?

My only thoughts with investing abroad would be that this is usually inherently more risky - clearly the funds will not be protected by the FSA plus it's in a different juristiction from an administrative point of view - not to mention the fact that I presume you'll need to convert currencies so you run the risk of losing(or gaining) depending upon what the exchange rates do.

I'm sure if you indicate what is important to you then the members of the forum will try to help with specific ideas :)

All the best,

Jim

I am about to come into approximately £140K by way of inheritance. I have around £90 in debt which I plan to clear immediately as well as clearing some debts my daughter has. What is the best thing to do with the rest? My husband and I were each going to put the maximum into ISAs every year but were unsure what to do with the remainder. We had been advised to put it into a Turkish bank which has a very high rate of interest but are unsure if this is a good idea. Please can you help?