What would you do? £20k+

[Claude455]

Hi all,

For the last 12 years I've been investing in a SIP through my employer, offering BOGOF on shares in the company with a maximum investment of £125 per month.

Shares 'mature' and can be sold free from income tax and NI after being held for 5 years (although CGT applies), and that portion of my holding is currently worth around £20k. The portion of my holding which still attracts tax & NI is roughly £15k (pre-tax).

We are planning to extend in 2021 and are relying on selling 'matured' shares to part-fund the work, the other part being a draw on equity when we remortgage, but I'm obviously nervous about such a non-diversified portfolio and the implications.

I could cash in the £20k today and put it into a savings account - completely risk-free for 4 years, but what other options are there which will see my home improvement fund work a little harder but with less risk than all our eggs in one basket.

What would you do?

[Claude455]

I'm researching investment funds within an ISA wrapper, or even P2P lending through funding circle, for example, but I want to avoid risk and will be spreading my capital across a variety of vehicles. Are there any other considerations? Thanks

[Claude455]

Dave350 said:

As per my last tip in the Share Tips thread, I'd be putting a £5k into Boohoo.

Fantastic UK online clothing company with huge growth in USA & Internationally.

I've got c.£20k in there at the moment although I'll be selling £10k in the summer to support a house move!

Thanks Dave but that level of risk isn't something I can afford to take.

Thanks for other replies, food for thought and more things to look into.