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where to put £300k for a year?
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fontyfish
Posts: 1 Newbie
Two bits to this, any suggestions welcome.
My mum died in January. Taxman wants £72k IHT before we have probabte of the house. Any advice on bridging loans? Been told the rate may be around 6%.
After fees & money to the family, will be looking to put £300k somewhere for a year. I've been a student this year so no income and if travelling from September, any interest shouldn't push me into the high earners tax bracket...i think?
Just want it safe and 'tax efficient' for 12 months.
Advice much appreciated. Thank you
My mum died in January. Taxman wants £72k IHT before we have probabte of the house. Any advice on bridging loans? Been told the rate may be around 6%.
After fees & money to the family, will be looking to put £300k somewhere for a year. I've been a student this year so no income and if travelling from September, any interest shouldn't push me into the high earners tax bracket...i think?
Just want it safe and 'tax efficient' for 12 months.
Advice much appreciated. Thank you
0
Comments
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Not many answers for you, it will be worth your while going through some of the previous posts on savings of this value, I have about this figure with ING although at the moment its 6% but its a short term thing for their customers, anything about 5% is good at the moment.
gary0 -
You could always put some or all in the ICICI about the best rate around at the moment"The time is always right to do what is right"0
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Look at best-buy tables (moneysupermarket.com, etc). You might be able to find a fixed-rate 1-year bond that pays a bit better than ICICI. Bear in mind what you think interest rates will do, before taking a fixed-rate product.0
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