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Thread: Question about money

  1. #1
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    Question about money

    I know for support purposes, UK residents need to show over £2000.00 savings and not to have gone in the red.

    Could an ISA or similar investments be classed like this or should that be in cash, ready to withdraw?



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    You should appear solvent on your current account, not going into your overdraft or anything, making it like you've got a few quid there, and then, if you got an ISA, it's proof that you got some dosh, so in short

    make sure current account doesn't go into red

    have your money either in isa or current

    explain any apparent discrepancy in covering letter.


  3. #3
    Administrator KeithD's Avatar
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    ISA's etc are classed as investments, you really need 'loose change' of a few grand in your account. You still tell them about everything you have though.
    Keith - Administrator


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    Quote Originally Posted by Win2Win View Post
    ISA's etc are classed as investments, you really need 'loose change' of a few grand in your account. You still tell them about everything you have though.
    I stand corrected Mr Boss!


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    Quote Originally Posted by James Hubbard View Post
    I stand corrected Mr Boss!
    Are you sure your name ain't Tom...?


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    Respected Member Bluebirdjones's Avatar
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    Northerner

    Basically you should include anything that can be turned into ready cash
    in a reasonable amount of time.

    eg shares, ISA, endowment policy, unit trusts

    It also shows the ECO that you are financially "astute", and have money
    put aside for emergencies, change of circumstances etc, and you will
    not have to rely on the public purse.
    No man is an island, but Barry is


  7. #7
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    Quote Originally Posted by aromulus View Post
    Are you sure your name ain't Tom...?
    Yes. I am.


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    Quote Originally Posted by James Hubbard View Post
    Yes. I am.
    Ok, then.


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    Quote Originally Posted by aromulus View Post
    Ok, then.
    That was a weird question! Nevertheless, glad I could Help you Aromulus!


  10. #10
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    Thanks everyone.. As well as saving up after I get back from the Philippines. I was planning on investing a little into an ISA. Not just for the home office to have a gander over, but for the future anyway


  11. #11
    Administrator KeithD's Avatar
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    Give me all your money and I'll invest it for you, plus I'll throw in a free night with Dom
    Keith - Administrator


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    Quote Originally Posted by Win2Win View Post
    plus I'll throw in a free night with Dom
    yukkkk!


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    Quote Originally Posted by pennybarry View Post
    yukkkk!
    Seconded pennybarry


  14. #14
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    Quote Originally Posted by James Hubbard View Post
    Seconded pennybarry
    Bwahahahhakahak we need to hide elsewhere

    I'll hide inside my hubby's trousers.


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    Quote Originally Posted by pennybarry View Post
    yukkkk!
    Don't knock it, till you try, love....


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    Quote Originally Posted by Win2Win View Post
    Give me all your money and I'll invest it for you, plus I'll throw in a free night with Dom
    Only if he swallows.....



  17. #17
    Administrator KeithD's Avatar
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    Quote Originally Posted by pennybarry View Post
    I'll hide inside my hubby's trousers.
    Plenty of room then? Little else taking up the space?
    Keith - Administrator


  18. #18
    Administrator KeithD's Avatar
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    Hang on..... from Northerner's money to sex with Dom
    Keith - Administrator


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    Quote Originally Posted by aromulus View Post
    Don't knock it, till you try, love....




    Mag patuka na lang ako sa ahas.

    (Let just snake bite me)


  20. #20
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    Quote Originally Posted by Win2Win View Post
    Give me all your money and I'll invest it for you, plus I'll throw in a free night with Dom
    Reminded me of an old joke... Now in the humour section


  21. #21
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    Quote Originally Posted by Win2Win View Post
    Hang on..... from Northerner's money to sex with Dom
    Spammer.....


  22. #22
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    Quote Originally Posted by Win2Win View Post
    Plenty of room then? Little else taking up the space?
    Wide room
    I tried to wear his trousers at work and was fell down once without my permission.
    So I use suspender.
    Hubby said "you're wearing my trouser ! They all laughs here everytime I wear his trousers.
    So what! i like it! I feel comfortable.


  23. #23
    Respected Member lordna's Avatar
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    Just to get back to the money thing!...that was the thread wasnt it?

    If you have £1000 spare then it makes sense NOT to have it in a current account as it doesnt pay that much interest but to transfer it to an ISA where its actuallly tax free. so surely a person is more financially astute doing that?

    so does it matter then that ur current account is nearly in the red when u have 1000 or more in an ISA?


  24. #24
    Respected Member Queenbee's Avatar
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    Quote Originally Posted by Win2Win View Post
    Give me all your money and I'll invest it for you, plus I'll throw in a free night with Dom


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