£60k to save / invest - but only for 18 months

£60k to save / invest - but only for 18 months

Author
Discussion

T350 Brad

Original Poster:

112 posts

207 months

Friday 22nd January 2016
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If you had c.£60k set aside (e.g. for a tax bill), but weren't due to part with it for say 18 months, what would you recommend doing to get a return from it. Assuming you had used your ISA allowance, and your mortgage was fully offset from existing savings, what would you recommend?... would have to be pretty much zero risk though as the capital will ultimately be needed!

Any thoughts gratefully received!

Ginge R

4,761 posts

220 months

Friday 22nd January 2016
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Investing isn't zero risk. Over 18 months you may as well throw chicken bones over your shoulder, especially at the moment.

Plonk it in something like the 123 from Santander or look at M&S new account.

CRB14

1,493 posts

153 months

Friday 22nd January 2016
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Max out premium bonds (£30k i think) for 15 months or so then pull it out before you need it?

neilski

2,563 posts

236 months

Friday 22nd January 2016
quotequote all
Buy yourself a low mileage Porsche 993 and put it in storage the way values are going at the moment.

bogie

16,399 posts

273 months

Friday 22nd January 2016
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You cant put £50K each in premium bonds now. At least you should get a few % return with the chance of more. Money is usually back in your account in under a week when you cash them in

Sleepers

317 posts

166 months

Friday 22nd January 2016
quotequote all
neilski said:
Buy yourself a low mileage Porsche 993 and put it in storage the way values are going at the moment.
That's not a bad idea, my Uncles 911 has doubled over what he paid for it smile Staggering! No wonder it lives in the garage under a cover with dry use only...