What to do with £200k

[Legacywr]

As per title, what to do with £200k?

I’m maxed out on PB’s.
Use my ISA allowance.
Good pension.
No mortgage.

Quite enjoy working, so no plans to retire.

Maybe trade some of it myself?

Other options?

[BlindedByTheLights]

I’ll look after it for you…

[Legacywr]

BlindedByTheLights said:

I ll look after it for you

What car would you buy?

[lizardbrain]

I keep a seperate trading account with 3% of net for trading. But recently I ve been thinking of moving it to a poly market account a think it would be more fun. Is this available in the uk? I havn t got that far

Personally I think kids, nicer house or shorter commute are hard to beat for impact

Edited by lizardbrain on Sunday 14th December 19:03

[ATM]

lizardbrain said:

I keep a seperate trading account with 3% of net for trading. But recently I ve been thinking of moving it to a poly market account a think it would be more fun. Is this available in the uk? I havn t got that far

Spread Betting account

It's tax free in UK and you can trade almost any asset but without holding anything as you only gamble on the price movement

[Cats_pyjamas]

Further pension contributions. Possibly gilts?

Or if you're that comfortable, spend it. A 911 GT3 would go a fair way to consuming that lump.

[Legacywr]

A bit more info in relation to some of the replies.

I’m not upwardly mobile house wise, and I don’t need a bigger house than I have now.

My kids are ok.

Car wise I’m sorted, I already have 2 Old Ford’s I don’t drive… always hanker after a Mk1 Lotus Cortina, though.

No point in putting extra into my pension now that the gowernmemt are going to steal 40%.

[Simpo Two]

Boat.

[Cabbage Patch]

Legacywr said:

No point in putting extra into my pension now that the gowernmemt are going to steal 40%.

How does that work?

[Legacywr]

Cabbage Patch said:

Legacywr said:

No point in putting extra into my pension now that the gowernmemt are going to steal 40%.

How does that work?

Inheritance wise, I mean.

[RSTurboPaul]

Physical precious metals.

[BlindedByTheLights]

Legacywr said:

BlindedByTheLights said:

I ll look after it for you

What car would you buy?

McLaren 720s, the change would go on track days and tyres

[silentbrown]

Legacywr said:

Inheritance wise, I mean.

If you're bothered about inheritance tax, and don't need the money, gifting it now would be a smart move.

IHT is a tax on people who don't trust their kids

[Gargamel]

silentbrown said:

If you're bothered about inheritance tax, and don't need the money, gifting it now would be a smart move.

IHT is a tax on people who don't trust their kids

Decent charitable donation, nice holiday, chunk on the kids, hospitality for a few mates at a sporting event of your choice - spending it is never a problem.


If you want to invest it - drip it into market trackers over the next six - twelve months in chunks. Spread your risk

[Cabbage Patch]

Legacywr said:

Cabbage Patch said:

Legacywr said:

No point in putting extra into my pension now that the gowernmemt are going to steal 40%.

How does that work?

Inheritance wise, I mean.

Depending on your current earnings, whether you have any carry forward allowance, your position regarding LTA and your age, then dropping a lump into your pension could be a great idea. 25% tax free lump sum and the ability to withdraw at a lower marginal tax rate than you paid in at, if done correctly.

Someone will pay IHT on the £200k when you die whether it’s in the pension or not, it’s just that using the pension tax breaks you can make it go further.

Or, crack on and spend it.

[PovertyPrince]

Give it to me you can have a 20% return in 3 days.

Disclaimer: I’m going to dump it all on black.