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Help with Mums money please!
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richleeds
Posts: 182 Forumite
Hi
My Mum has got £40k to save/invest. She is over 50 and does not pay income tax. Looking around it seems the Principality 7.15% 3 year fixed will give her a return of £49,208 - which I think she would be happy with.
However she may be willing to go to 5 years on an investment which at worst case scenario would return her £40,000 but nothing more if the markets dont perform.
I dont think she would want to invest where there is a risk of not getting the £40k back.
Im a bit out of my depth here, so some advice would be great!
Many thanks
Rich
My Mum has got £40k to save/invest. She is over 50 and does not pay income tax. Looking around it seems the Principality 7.15% 3 year fixed will give her a return of £49,208 - which I think she would be happy with.
However she may be willing to go to 5 years on an investment which at worst case scenario would return her £40,000 but nothing more if the markets dont perform.
I dont think she would want to invest where there is a risk of not getting the £40k back.
Im a bit out of my depth here, so some advice would be great!
Many thanks
Rich
0
Comments
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7.15% 3 year fixed will give her a return of £49,208
Easy decision for me!0 -
Thanks Stogie0
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