Where to invest £20k

Murvalous

Well ok its not that simple, I'm currently living abroad (Romania) and paying my taxes here although my money is being paid by a UK company in £ into a UK account and I'mn still paying my NI in the UK, I think because I dont pay UK taxes though I cant get an ISA, is that right?

I have an A&L Esaver account so thats where Ill put around £3-500 a month in savings but I currently have around £20k in another A&L savings account that pays aroun 5%.

Also I have an interest only mortgage with an interest of 5.49% and I can do 10% over payments which I also do once a year, it was currently meaning my savings were beating my mortgage so made it all worth it, I cant leave my mortgage for another 4 years so thats not an option.

basically I'd like to put the £20k into some sort of savings scheme that pays over 5% but as I said i think the ISA isnt applicable to me at the moment.

Any ideas?

Baldur

See HMRC ISA Factsheet, specifically the part entitled "Moving abroad", as far as your ISA query is concerned.

Murvalous

yep as I thought then, Im currently not a UK resident so not elligible for the ISA but thanks for confirming my suspicions