Best rate for lump sum investment

Bury_bound

I'll shortly (hopefully) be moving house and should make some profit on the market value from sale of my current house - I need to know where is the best place to put a lump sum, and such that I can get access on an occasional basis to pay my son's school fees.

Any hints please.

dunstonh

Not enough info I'm afraid. Accessibility with modern investments isnt a problem with most allowing withdrawals without penalty and only taking 7-10 days to pay out.

Also, investments dont have "best rates" as they are not interest rate linked. The performance will depend on the areas you invest into. What is best now may not be best later on.

Then you have taxation to consider. Different tax wrappers have different benefits or disadvantages and we do not know which would be suitable to you.

There is also risk to consider. Everything has a degree of risk. Even savings accounts. You need to consider what your risk profile is (and its not a switch between no risk or stockmarket risk as there is a whole sliding scale in between covering all sorts of investments).

Bury_bound

Thanks - that's a useful response - apologies if a bit wide in scope - I'm really trying to get a feel for how much interest i can expect to receive based on the amount invested - plus whether I will encounter any access problems when wanting to use those funds - I will be contacting a financial advisor to discuss.

dunstonh wrote:

Not enough info I'm afraid. Accessibility with modern investments isnt a problem with most allowing withdrawals without penalty and only taking 7-10 days to pay out.

Also, investments dont have "best rates" as they are not interest rate linked. The performance will depend on the areas you invest into. What is best now may not be best later on.

Then you have taxation to consider. Different tax wrappers have different benefits or disadvantages and we do not know which would be suitable to you.

There is also risk to consider. Everything has a degree of risk. Even savings accounts. You need to consider what your risk profile is (and its not a switch between no risk or stockmarket risk as there is a whole sliding scale in between covering all sorts of investments).