Hello Everyone!
I am looking for some advise regaring an inheritance. I am Dutch, but currently live in the UK, and as I am very happy here, it looks like I'll be staying. Me and my boyfriend (he is British) and I are currently living in a rented property but, once we've saved some more we will be looking into buying a house together.
My nan sadly passed away last year and she left her inheritance to my cousin and me, her only grandchilderen. She knew that both are parents are sorted and don't need the help, so she would rather give it to us. I am very greatful to her, and now obviously want to do whats right with the money. I know she wouldnt want me to save all of it, but she wouldnt want me to spunk it all, which I obviously dont want to do. I have set an ammount that I can have fun with, and the rest will go into savings for that house I was talking about earlier.
Now comes the problem. The money is in my Dutch bank account at the moment. I am really not sure what the best option is.
Do I leave it all in my Dutch account now, or do I transfer it all to my UK account? Do I move halve the money over to my UK account and leave the rest in Holland?
I'm thinking about the transfer rate as well. At the moment, beacause the pound has dropped in value, I am getting more pounds for my euro's. Yet if I transfer all my money to the UK and the pound continues to devalue then, I lose money. Yet if the pound value increases before I've transfered it, then I will get less pounds for my euros. You guys get where I'm getting stuck with this train of thought, right? Also when thinking about the pound value... I'm thinking about the effects of the Brexit on value of the pound.
So... when/if I do decide to transfer the money, say because we're buying a house. How do I best go about it. If I transfer the whole lot (we're talking about a few thousand) then the bank will charge me high transfer costs, which they do anyway with international transfers. Or is it worth me going to a cashpoint every so often and taking a few hundereds out of my Dutch account at a time and then depositing that into my UK account? Won't that look suspicious if I deposit a random £200 every month? Or is that not a big enough ammount for the banks to flag it?
I am greatful for anyone who has taken the time to read this and give me advise. Thanks!
Submitted September 01, 2017 at 05:10AM by Sweetheart86 http://ift.tt/2womJ0h
