£270,000 to invest

perivale_paul

Help needed.

We have £270,000 to invest from a house sale. We need to be able to get access to money fairly quickly has it will be the deposit for our next house purchase when we eventually find somewhere.

We have accounts with the AA and Lloyds vantage and will max out our ISAS for this year.

The question is what do we do with the £270k we have left ?

I'm a higher rate tax payer and my wife pays the lower rate..

Your thoughts would be most welcome.

Thanks in advance....

amcluesent

Transfer the whole £270,000 to trustworthy her-indoors and put in the NS&I savings. It's as good as the BoE for security and you'll get 2% before tax.

Jonbvn

OP,

You will not be investing. You will be saving. The distinction is very important.

Where to put the money depends whether you want to tie it up or not, which in turn depends on when you want to buy. If you are uncertain, I would stick with the NS&I advice above.