what would you do?

cymro1170

We as a family have £725,000

hermit-crab

So does my family, but I'm talking about extended family and much of it is already tied up or invested. Do you have £725,000 readily available to you to invest? If not, what is the actual amount that you have available to invest?

cymro1170

When I say family I mean my Mother, Father, Brother and myself


the £725,000

hermit-crab

Thankyou for your reply Cymro. Its not already tied up? Is the £725,000 readily available for investment?

Amba_Gambla

I think he wants to know, how much of it is in cash - ready and available to invest.

cymro1170

It's in a bank account at the moment

EdInvestor

Initially, split it up into 4 or 5 bits and place it in high interest deposit accounts.

Then set about learning how to invest money.

Study websites like these and ask questions, by all means see IFAs and other advisors but do nothing at all for at least six months until you feel you have a real grasp on how to make sure this money doesn't just disappear due to ignorance and ineptitude and the actions of people who don't really have your interests at heart.

Then invest it ( also making any charitable gift you want), diversified along the lines ReportInvestor mentions above.

Then watch it, spending only the income (and preferably not much of that if you don;t need it).

After a while you will see how it all works.

Good luck


PS The same thing applies if you split it up - just over 181k apiece.

Cook_County

I agree with Ed. It sounds a lot of money, but it just may not be if you divide it up among each of you and then divide it again by each of your average life expectancies. In other words depending on your ages, health, and other income(s) and savings it may be quite enough to upgrade your existing lifestyles or may just get spent over the coming years on everyday things. So don't rush...

dunstonh

Chances are each member of the family will have different needs and goals along with different attitudes to investment risk. There wont be one solution that fits all because you will almost certainly be different.

What is right for one person, is not right for another. So you all need to think what your current situation is, what money you will need in the future and what you want to do in the coming years. You have the opportunity here to give yourselves a head start. Think about it carefully.

equitydealer

I'm not a financial expert, but have you looked at any inheritance tax implications? The tax man will grab 40% of that above £275,000.

That's a substantial amount of money, see a financial adviser to make sure you can put the cash to best use. I know these IFAs charge a bomb but it would work out more profitable in the long run.

http://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/InheritanceTaxEstatesAndTrusts/InheritanceTaxArticles/fs/cy?CONTENT_ID=4016736&chk=5hdBIW