From: john boyle 
Newsgroups: uk.finance
Subject: Re: Lottery jackpot winners
Date: Thu, 9 Oct 2003 10:08:48 +0100

In message , John Smith 
 writes
>
> john boyle  wrote:
>
>>>>Shove the £2.3m in a cheap offshore bond investing in a cash account.
>>>>Get 4% gross, and withdraw (£55.2k+£46k)= £101.2K and keep going until
>>>>the year 2063.
>>>
>>>Why offshore, for a UK domiciled person?
>>>
>>
>>Gross roll up.
>
>Oh yes, a small extra gain though... Aren't there some offshore funds
>which roll up income into a capital gain?
>

There are 'funds' as such but I was thinking of an offshore life bond 
because you take up to 5% per annum of the initial investment back until 
youve withdrawn 100% of the original investment without any further 
taxation.
-- 
john boyle