My parents are broke and all their savings are gone (UK question)?
The last two years for my parents have been like a financial cautionary tale. My dad blew his savings on an investment in rented accommodation, over which he lost over £50,000. In the Christmas before last, not long after I dropped out of college due
Sounds like your family are very troubled, but what is the question here?
You should try and get some help from the council to get benefits (financially) , councilling (for your phobias, paranoia etc)
Some top-paying accounts, such as Santander Flexible Isa 3 at 2.85 pc and National Savings & Investments at 2.5 pc, accept only this year's cash Isa money. You'll have to fill in an application or transfer form, plus give proof of identity and where
But unlike national savings & Investments ( ns& I) index- linked savings certi f icates, which are no longer on sale to new investors, the return on these new bonds is taxable if it is not in an Isa. In the case of the Yorkshire bond, you can transfer
Instead, he recommends directing monies into cash (mutual building societies), index-linked options (National Savings/gilts) plus a range of socially-screened and environmental funds including Skandia Ethical, Jupiter Ecology and Aviva Sustainable