Thomas - your chips haven't really been p###ed on at all - you just need to "do the math" better...
You put in £20000.
Tax man grosses it up to £25000 (the first 20%)
You get your next 20% back via cheque as before. Put this £5000 in your pocket.
You now have a fund worth £25000 which actually only cost you £15000 thanks to your refund... that's a 67% return!! No matter how much you recycle it will still come out at 67%
Last edited by Sketretal; 21st Mar 2014 at 20:25.
Reason: Had a couple of beers so unsure of accuracy