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Do I Have To Wait Until 65 To Become Retired? Part 2
Do I Have To Wait Until 65 To Become Retired? Part 2 Do I Have To Wait Until 65 To Become Retired? Part 2 In part 1 we dealt with
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The £100 Million Bank Note
The £100 Million Bank Note
So this is actually a thing…
It’s a £100 million bank note issued by the Bank of England (non-circulating sadly).
They are created and stored in vaults. Banks in Scotland and Northern Ireland can issue currency against them. Think of it as the currency “budget” of these banks.
Remember, once upon a time £1 = 1lb of sterling (97.5% purity) silver. Now they just write “£100 million” on a piece of paper and it becomes real – no need to go to the trouble of digging silver out of the ground.
Fun fact for the day.
*Not Financial Advice
Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
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