Cyprus Unclosed

[BeardyMan]

(21 March 2013, 15:06)Scythe13 Wrote:

(21 March 2013, 14:39)SecretPrepper Wrote: Yep you always get it back
yeah it is a lottery but it is nontaxable and less likely to screw you over like a bank would

Very true about less likely to screw you over. Only problem I'd say......less ability to control the outcome of the investment. I'm much more risk averse, and would prefer something I could manipulate a bit more or have a guaranteed output.

If you're not too bothered about being a complete control freak like me, then they do seem pretty decent. Providing the income is more than the initial input, plus inflation. If you're getting £25 a year in a cheque, then I'll be putting a load of money into it, but I think that's unlikely to get the cheques that regularly.

Both my mum and dad have the maximum allowed each. They don't do too badly from it, but it's not a very good return on investment. It is however a good place to hide your money from the tax man, until you really need it.