Off-shore banking

[David H]

A friend has come in to a lot of money (around £750k) and I know he has his mortgage paid off on a nice house already.

He's going to approach a financial adviser (or 3!) and really think about how he uses this money. He currently works full time but would like to work less and travel more.

I've come away from chatting with him and can't stop thinking how best to use this money!

What sort of return would he get from an off-shore account?
How would you invest this money at no/low risk to ensure a return where you could live comfortably in his position?

[Eric Mc]

Once you go offshore you invariably introduce the risk of currency exchange issues.

And you still have to declare any interest received to the UK tax authorities (unless you are a Non-Dom).