Best option for savings

Norfolkian

Safety net cut from £85k to £75 k
Premium Bonds - Government - could the see this as easy target for seizing money if a financial crises arouse - thinking of Cyprus and most likely Greece.
What would be best strategy for low middle income earners, who can't go offshore - BVIs.
Implications for UK Government running a surplus budget!

jimjames

Invest in shares or funds.


These have not been taken as part of Cyprus or other financial crisis. Obviously the value isn't guaranteed but long term you should do better than cash anyway with less risk of a hair cut.

kidmugsy

Spread your savings around a few different banks and building societies - as any sensible person would anyway even if the limit were unchanged.