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Seeking general saving advice

denboy1739
Posts: 3 Newbie
I am a retiree living in Asia.
Having worked and lived overseas for the latter 30 years I qualify for non uk tax resident status.
I hold a current account in the UK for pension purposes whch is so small it dosn't attract any tax.
My savings are with Barclays offshore where I usually use a 3 monthly roll over account, this generates interest to supplement my dismal UK pension.
In the present economy the interest offered is only 1,45% for a 6 month roll over They have offered a 5 year account coupled to the ftse which pays a 7.6% annual interest.This no doubt has hidden bank charges which they haven't informed me of
However at my age I am not really interested in such a long term account as you never know when capital is neded for medical expenses etc, plus I'm not and never have been into high risk strategy's.
Would it be difficult for me to transfer my capital to a better interest account in the UK and still retain my tax free status. If so, how to go about it?
Having worked and lived overseas for the latter 30 years I qualify for non uk tax resident status.
I hold a current account in the UK for pension purposes whch is so small it dosn't attract any tax.
My savings are with Barclays offshore where I usually use a 3 monthly roll over account, this generates interest to supplement my dismal UK pension.
In the present economy the interest offered is only 1,45% for a 6 month roll over They have offered a 5 year account coupled to the ftse which pays a 7.6% annual interest.This no doubt has hidden bank charges which they haven't informed me of
However at my age I am not really interested in such a long term account as you never know when capital is neded for medical expenses etc, plus I'm not and never have been into high risk strategy's.
Would it be difficult for me to transfer my capital to a better interest account in the UK and still retain my tax free status. If so, how to go about it?
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