£30k to invest
Discussion
Pistom said:
Send me the money and I guarantee to double it for you.
Seriously though, some questions to answer are
How much risk are you prepared to take with it?
What rate of tax do you pay
I assume you are debt free
Rather not take a high risk as not after a quick returnSeriously though, some questions to answer are
How much risk are you prepared to take with it?
What rate of tax do you pay
I assume you are debt free
No debts fortunately
"A couple of years" isn't really a decent enough time period to be looking at investments in the traditional sense of the word.
As much as that, though, how suddenly and quickly might access to the money be needed? While it's possible that you might make an investment, and that investment go up in the next two years, if you can't be flexible about getting it back into cash, you might need to sell your investment at a time when it isn't strong, and therefore lose money on it.
As much as that, though, how suddenly and quickly might access to the money be needed? While it's possible that you might make an investment, and that investment go up in the next two years, if you can't be flexible about getting it back into cash, you might need to sell your investment at a time when it isn't strong, and therefore lose money on it.
Open one Santander 123....pay all your DDs from it and this will almost certainly cancel out the £5 monthly charge plus 3% interest before tax. Tax rules change next year to give £1000 tax free
Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
33q said:
Open one Santander 123....pay all your DDs from it and this will almost certainly cancel out the £5 monthly charge plus 3% interest before tax. Tax rules change next year to give £1000 tax free
Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
33g is spot on the money with this one! Best low risk solution.Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
GT2CS said:
33q said:
Open one Santander 123....pay all your DDs from it and this will almost certainly cancel out the £5 monthly charge plus 3% interest before tax. Tax rules change next year to give £1000 tax free
Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
33g is spot on the money with this one! Best low risk solution.Open 2 TSB current accounts paying 5% up to £2000
Open Tesco current or Bank of Scotland or Halifax Current to make up the rest
circulate the minimum payments to and from Santander with Standing orders
I reckon you'll make about 3.2% less tax....but perhaps no tax next year. It needs a bit of effort to start with but 100% risk free
I'd opt for premium bonds and a bit of luck if the OP wants no risk.
Monty Python said:
Just face it - at the moment with interest rates so low it's nigh on impossible to get any decent return without a degree of risk. Nowadays the best thing to do with capital is to clear debts.
Not always. Often better to have a mix: access to cash in case of a redundancy. You can't always take money out of the equity in the house.Gassing Station | Finance | Top of Page | What's New | My Stuff