The Inland Revenue should not be asking you to cancel the deed, but rather – as you suggest – pay more tax. We were unable to get a response from the Revenue itself.I am just about to take three months’ unpaid leave and will live in Barcelona. I want to access my money in the most efficient way and assume it will not be possible to open a bank account there I have accounts with the Abbey National and Lloyds TSB. What should I do? NW, Windsor.Your best option may be to open a euro account with a British bank.

Abbey National’s sister bank, Cater Allen, offers a euro current account for initial deposits of at least £5,000. While the account is targeted at clients who will maintain at least this much in their accounts, normally there will be no commission or transaction fees on withdrawals or card purchases Balances over £5,000 earn interest at 1.5 per cent. Lloyds TSB offers a euro account normally requiring a minimum deposit of €2,000, but charges a €50 fee to set up. Alternatively, Abbey National and Lloyds TSB will provide letters of introduction for you to open an account with a local bank in Barcelona. You may also use your existing accounts in Spain, but this can be expensive – you will pay commission fees of 2.75 per cent on cash withdrawals and 1.25 per cent on card purchases with Abbey National, or more with Lloyds TSB.I am 29, renting a flat with my partner. He is a self-employed contractor and I am on a temporary PAYE contract. We have previous employers’ pension funds we no longer contribute to and need to set up current pensions Within six months we’d like to buy a house.

A Halifax dividend is due and at least £500 a month can be saved. A cash Isa seems ideal, but I’d like to invest in some equities. Would a tracker fund be suitable to build a lump sum for a pension fund? EP, London.We put your complex query to the Chase de Vere IFA. They said: “You are correct that a cash Isa is an ideal vehicle for short-term savings requirements, such as the deposit for a house purchase. You and your partner both have a £3,000 allowance each year, which can be utilised Any savings needed in the short term must be cash based.