Where to store savings?

Archi_Bald

jimjames wrote: »

In the UK anyway. I think effectively that's what happened in Cyprus.

All I remember about Cyprus is that people who had more than €100K in the same bank lost that excess money. That's not a case of the government removing funds from people's accounts - it's the banks having lost it, and people being complacent about the maximum guaranteed amounts.

Was there something else where the cypriot government took random amounts from people's accounts?

Rog_Jones_75

What about purchasing gold?

bowlhead99

Rog_Jones_75 wrote: »

What about purchasing gold?

What about it? What about purchasing a car or a TV? Or a year's supply of baked beans and toilet paper and toothpaste which you would want to buy eventually anyway, rather than some shiny metal which you have no inherent use for and costs you money to store / insure.

All of these things (including gold) are not visible in your bank account to a government body, and all of these things (including gold) might be worth a great deal less cash if you wanted to turn them back into cash and put them back in your bank account.

Is this in any way connected, I wonder, to your post last month about how you had been diligently paying child support to your 10-year-old son on your income from your first job and were about to take a second job and wondered whether you needed to inform CSA and whether they would find out your real start date from your employer or "do they just take my word for it... so to speak".

And is it somehow also connected at all to the post last week about how "someone you were working with last week" who coincidentally also had a child age 10 for whom all payments were up to date without issues, except for the issue that he had earned more money that the CSA and his ex partner knew about and was about to start a new second job again. And he was curious about whether they could enforce money direct from the savings accounts, so you were looking for some advice so you could inform that person when you saw him again.

If I recall, from that thread, 'he' didn't get to see his son so didn't see why he should give 'the witch' some money to spend on life's essentials to bring up his son, and although he would properly declare new income he didn't want to declare the old income or have the hassle of hiding his money in various relative's savings accounts.

Well, I hope you get some useful advice here on how to hide money from the evil government agencies who are trying to get both you and him to give them money to pass to the person who is spending thousands of pounds a year bringing up your son and the other person who is spending thousands of pounds a year bringing up his son.

Wouldn't it be terrible if the evil government agencies were actually able to enforce the payment of your and his fair shares to give your sons an income based your and his actual income going back in time to when you and he should have originally reported that you each had the income?

I suppose one way of avoiding having to live in fear of getting it enforced and garnished from a wage or from a bank account would be to, you know, actually voluntarily pay your fair share. I mean, his fair share.

As a man (although not one who has a child or that has hidden wealth to avoid paying for his child), I just have to say thanks very much for perpetuating the stereotype that men who split from the mother of their child will turn out to be scumbags who will do whatever it takes to hide their income and wealth from those who suggest they should pay some bare minimum amount towards the upbringing of their child.

We really admire your efforts to keep this myth going and love how it makes womens perceptions of men really negative. That really helps us all out and avoids ever-more strict rules being put in place for absent fathers, doesn't it.

Perhaps in time, once he's old enough to understand, your son will find out about your heroic actions to make life more difficult for him and then in turn gleefully abandon and screw over his own son in due course. Awesome man, great work.