Billions in bonuses paid out this weekend by Finance News Bulletin

Published: 30/01/07

This weekend is shaping up to see a bonus top prize worth around £19 billion for one in three far above the ground earners in the UK, according to Barclays BankThe survey into annual bonus action was conducted by Barclays wealth's international personal and prime minister banking division and found this weekend most likely to witness the majority of bump sums being handed out to employeesIn addition, more than six out of ten (65 per cent) have already planned what they are going to do with their yearly bonus with investment in property, other financial products and payment debts being the three most popular optionsBooking a holiday and spending on house improvements also made their method into the top five methods that high earners will use their bonuses

Jonathan Williams, spokesperson for Barclays wealth's international personal and prime minister banking business, stated: "It is encouraging that our research shows that people are intending to be accountable with spending their extra this year and that five per cent will be getting expert advice on how to make the most out of their money"With increasing information of foreign nationals now living and working in the UK, they might be free to the tax status afforded to UK resident non-domiciled individuals, for example"The investigate carried out by Barclays discovered the most common amount received as a extra was between £5,000

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