£165k investment
Discussion
Assuming you'd just got a lump sum of the above amount & you had no intent in touching it for say 5 years, what/where would be the best return available.
Has to be 'guaranteed', ie not invested in anything which could lose & therefore looking at bonds, etc.
Help you be much appreciated.
Best I've seen in 2 year bond @ 5.6% per annum which basically means the £ 165k would be £ 182.5 after 2 years.
Has to be 'guaranteed', ie not invested in anything which could lose & therefore looking at bonds, etc.
Help you be much appreciated.
Best I've seen in 2 year bond @ 5.6% per annum which basically means the £ 165k would be £ 182.5 after 2 years.
Edited by hobo on Thursday 5th October 12:17
stick £30k in premium bonds, transfer 7k a year from that pool into isa for your tax allowance, stick the rest into the best 5yr deal you can find on the high st. if interest rates go up - then being tied into a bond might not be as attractive as it looks right now. edit: i'm personally terrified of property but what do i know and hi steve.
Edited by jago on Thursday 5th October 12:43
no intent of touching it for 5 years.
Hmmm
Things change, 5 years is a long time. I have done bonds for 6 years in the past but not again as its too restrictive. House moves/family requirements/ etc.
Clear max the ISA's, then max PBonds and the rest in a high int deposit a/c perhaps a 30/60/90 day notice a/c
Hmmm
Things change, 5 years is a long time. I have done bonds for 6 years in the past but not again as its too restrictive. House moves/family requirements/ etc.
Clear max the ISA's, then max PBonds and the rest in a high int deposit a/c perhaps a 30/60/90 day notice a/c
stick it here!
www.lcplc.co.uk and look at the 5.65% savings rate.
www.lcplc.co.uk and look at the 5.65% savings rate.
I agree with the suggestions above, Premium Bonds are a good idea as is maxing your ISA allowance.
I can understand you don't wanna risk that kind of money but if you're prepared invest a small amount (£25-30k) you could look at seed stage investment - www.hotbed.uk.com/ - it can be exciting if you've got a nose for a good business model.
I'd also suggest doing some research in the stock market and taking £10-15k and investing directly into some companies.
Both of these are high risk investments so only do them if you know what you're doing. Oh, and go find a really good IFA to help you understand the real risks and benefits of any investment strategy.
I can understand you don't wanna risk that kind of money but if you're prepared invest a small amount (£25-30k) you could look at seed stage investment - www.hotbed.uk.com/ - it can be exciting if you've got a nose for a good business model.
I'd also suggest doing some research in the stock market and taking £10-15k and investing directly into some companies.
Both of these are high risk investments so only do them if you know what you're doing. Oh, and go find a really good IFA to help you understand the real risks and benefits of any investment strategy.
Tiggsy said:
jago said:
stick £30k in premium bonds, transfer 7k a year from that pool into isa for your tax allowance
nice...so stick £30k somewhere pants and then use a non-guaranteed investment for the £7k.
well like above, you're not going to get rich with this type of investment, but never know could get lucky. 7k could be cash. not that silly, but i'm sure there's better advice.
I personally think Premium Bonds are a bit of a waste. My clients average returns from these are 4.5% pa. Basically a lottery with the chances of winning big higher than the normal lotto. I'd give them a miss and try something else as they're just a bit of fun, not a realistic financial planning method.
5.6% isnt bad actually so worth a punt.
Even on the £1m funds that I occassionally have dealt in there isnt a lot more than that unless you start to speculate.
Cant do cash isa for £7k so for the £3k allowance you might get, ooh about £150 per annum. wow... Better than nothing actually.
How about you stick it offshore getting 7% plus from a foreign account if possible and just use a credit card to spend it back in the uk when needed in 5 years. That way you are not officially brining money back to the UK when the time comes.
5.6% isnt bad actually so worth a punt.
Even on the £1m funds that I occassionally have dealt in there isnt a lot more than that unless you start to speculate.
Cant do cash isa for £7k so for the £3k allowance you might get, ooh about £150 per annum. wow... Better than nothing actually.
How about you stick it offshore getting 7% plus from a foreign account if possible and just use a credit card to spend it back in the uk when needed in 5 years. That way you are not officially brining money back to the UK when the time comes.
Fiddlemesticks said:
How about you stick it offshore getting 7% plus from a foreign account if possible and just use a credit card to spend it back in the uk when needed in 5 years. That way you are not officially brining money back to the UK when the time comes.
If you're earning income abroad then you need to declare it in the tax year you earn it, regardless of whether you bring it back to the UK or not.Gassing Station | Business | Top of Page | What's New | My Stuff