my children have..

[lilypoppyfre]

my 2 children have about 150.000 euros to invest . The money comes from the sale of a property in France. They are both earn less than 25.000 £. At the moment, France is offering interest at higher rate than in England in their savings accounts ( apparently they have launched a big programme for building houses). The question is : is it better to leave the money there ( it is not needed at the moment ) or should it be brought over here and try to find a decent interest rate
There is no question of trying to avoid taxes , just a simple investment. The children have got family on the continent, so travel there every year.

any suggestions will be welcome.

[coccinelle]

First it might be wise to look into what kind of savings account they can open. As they aren't french residents this might change things, so the interest rate might not be so attractive.

[hannajayne]

Do they intend to come back to the uk?.
They may get a better interest rate by keeping their money in Euros but when they convert the Euros to sterling the exchange rate could wipe out the interest gain.

Hanna

[New Judge]

Also bear in mind that the value of the Euro against Sterling has declined by about 8% in the last 12 months. Many observers expect this decline to continue as the Euro approaches its inevitable collapse.

[lilypoppyfre]

thank you to all. Children live in England and do not intend to move...as yet...thank you for your suggestions...I hadn't considered the possibility that, not being French residents, they might not benefit from the same rate as the French savers...plenty to think of...