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one off lump sum investment

hi i,ve just been early retired and have a £30000 lump sum to invest whats the best to do with this money i cant aff6rd r5s2

Comments

  • save-a-lot
    save-a-lot Posts: 2,809 Forumite
    1,000 Posts Combo Breaker
    Hi

    Try this http://www.westbrom.co.uk/westbrom/home - e bond paying 5.65% gross for a starter
  • Or much better still the Coventry BS e-Bond @ 5.8% :).

    Talk about a winner.
  • dunstonh
    dunstonh Posts: 120,372 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The UK has around 13 different tax wrappers and about 30,000 different areas to invest in. It needs a bit more narrowing down otherwise you could end up with 30,000 different responses each of which could be correct or wrong.

    Whats your tax status?
    Do you get pension credit?
    Are you getting your age allowance reduced or are you close to that?
    what is your risk profile?
    What accessibility is required?
    what other capital do you have or is this only it?

    Without knowing these and some other questions we cant help guide you and with respects to save-a-lot, that could be an awful suggestion or a good one. We just dont know enough to say.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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