Best place to put 1.5 k a month?

Best place to put 1.5 k a month?

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anonymous-user

Original Poster:

55 months

Wednesday 26th July 2017
quotequote all

Hi

Someone I know is saving 1.5k plus a month..

55, working for a few more years, or paid off sooner with generous payoff & put to grass.

Small 'offset account mortgage' @ 1.25% ish interest, BOE + .59 %tracker' since 2007, equivalent parked there so 0 interest in reality.

Most Banks offer naff all interest.

Self managed pension funds with a well known firm, gambled with some 'safe' funds + Japenese small businesses which are doing very well now, but may disappear tomorrow smile

Historic final salary schemes to pay the bills & food etc

Whats the best thing to do with hard cash, apart from wine, fast women & fast cars?

Maybe plow more into current pension to avoid tax? Take out 25% tax free when retired/redundant?

Or shoe box under the bed..

ISA seem a waste of effort?