£100,000 cash

[Soov535]

Some help, gentlemen, would be appreciated.

Mum has sold her house to move to rented accomodation near to us.

She has paid off the mortgage and is left with one hundred thousand quid.


She gets pensions of £1200 per month.

Where best to invest the £100,000 to provide her with an income top up each month, with easy access to funds when needed.


Thanks awfully.

[Soov535]

trickywoo said:

Has she any ISA investments?

With interest rates as low as they are you aren't going to get much for instant access and zero / very low risk.

How likely is she to need to access the lump sum?

With that kind of wedge it'd be worth speaking to an IFA with a view to stocks and shares ISA etc.

Edited by trickywoo on Thursday 25th August 11:00

Thanks.

She doesn't and we'll put the maximum in that.

She may need to chip away at the lump I expect.

[Soov535]

jeff m2 said:

80% Mid cap quantitative fund and 20K cash.

Reasoning; your Mother's life expectancy is probably higher than you think and you need to guard against inflation which will probably start to climb in the UK.

Every couple of years re balance to maintain 20% cash.

ETA probably safe to get about 300/Month without depletion, 250 might be safer

Edited by jeff m2 on Thursday 25th August 16:52

Great stuff thanks, that's what I was after.