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500 a month to save

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500 to save every month already used isa allowance,high rate taxpayer,looking to buy another property but waiting for pension changes next year

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  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi and welcome!

    In your situation it is worth considering regular saving accounts. See Regular Saver link in the blew box above.

    Also: N&P 8% Regular Saver
  • topgooner wrote:
    500 to save every month already used isa allowance,high rate taxpayer,looking to buy another property but waiting for pension changes next year

    This is really dependant on your attitude to risk which my opinion would lead
    me to believe is not cautious re your property tastes. But how high?

    This would seem too short for equities as a general rule. However the standard vehicles usually used are collective investments such as OEICs, Unit trusts investment trusts etc. But your question asks lots of questions, ie have you the vehicle to buy the property, ie the SIPP/ SSAS, is it funded enough to purchase the property, would an investment in this be prudent if this is to fund proprty purchase etc etc. People are currently buying assets for this very reason, for example the prices of vintage wine has increased dramatically in some areas and is being put down to this? What sort of risk is being taken or loss is being made on delaying your purchase?

    Just some thoughts/ ideas, hope is of some use, even if just to stir your thoughts. Good luck. ;)
    Views expressd are just that, views and opinion, they are not financial advice, as that requires much detail and work and everyone is different. Advice should be taken, in my opinion, from a professional financial advisor. PS. Good luck. ;)
  • thanks for advice will be looking at options
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