Investing After Retirement?

manrow

Some insurance policies due to payout shortly, where can I invest them as my pension is adequate for me to live on?

I also still have a mortgage which I cannot pay off lump sums into due to terms, so where can I tax-efficiently invest?

Farway

Do you mean invest inshares or save as cash?

If shares then the only tax efficient option is a shares ISA £7,200 max, either self select or buy as unit trust with attendant anual charges hidden but still there]

If cash then cash ISA for start [3,600 max]

Your choice as to amount of risk you wish to take, cash is safe of course, shares may or may not be good over time

manrow

How can I compare these products for performance?

Would annuities be worth considering for any balances, and again where can I compare performance?

Lokolo

You can get investments to pay out monthly but after 10 years or so it won't be worth anything as you haven't reinvested.

Investments otherwise it really must be longterm, so longer than 5 years, nearer to 10 for a decent return.

Saving is otherwise good, you can fill an ISA up with £3600 each year, yeh its not a lot but each year counts. You can then take out interest from rest of savings, but as with investments, your money deteriates.

Example, you have £100 interest monthly which you take out with a £100k savings. After 10 years that £100 won't be able to buy you shopping for the week. Whereas now it would.

I imagine isaofa, Milarky or Dunstonh will come along any minute now and give you better advice.

GeorgeHowell

manrow wrote: »

How can I compare these products for performance?

Would annuities be worth considering for any balances, and again where can I compare performance?

Financial comparison websites are useful for savings accounts, and usually cover annuities as well. Moneyextra is a decent, user-friendly one.

barak

manrow wrote: »

Some insurance policies due to payout shortly, where can I invest them as my pension is adequate for me to live on?
I also still have a mortgage which I cannot pay off lump sums into due to terms, so where can I tax-efficiently invest?

I think you need a proper review of all your circumstances and attitude to risk etc.- probably from an IFA - before you decide what to do, rather than being influenced by postings on this board by those of us who don't know nearly enough about you.

Hopefully dunstonh would agree!

dunstonh

With 50,000 or so products out there its a bit hard to narrow down based on the very little that has been said.

You have tax, accessibility, aims and objectives, risk profile, timescale etc to consider initially. Then you have to decide where you are going to buy them from as not all options are going to be available to you on the different distribution channels.

Without any of those things known, any suggestion posted is going to be total guesswork and probably wrong. Even if best intentioned.