Money from house sale

I am going to be putting my house up for sale in the next couple of weeks and will probably come away with approximately 60k after fees (obviously depending on the sale price). I won't be looking to use it as deposit for a different property.

Other than fill up an ISA for this year and then again next April, what would be the advice on where to put the rest of the money? I am thinking a combination of having a small amount (perhaps 5k) available instantly as emergency funds, then some (perhaps 15k) available as medium term investment and the rest being put away for longer term.

This will be the most money I've ever had to squirrel away and I was just wanting a bit of help on the top tips for where to investigate.
:D"Stay Wonky":D

:j:jBecome Mrs Pepe 9 October 2012 :j:j

Comments

  • oldtoolie
    oldtoolie Posts: 750 Forumite
    If you simply want to put the cash into savings accounts, look on the main part of this website. https://www.moneysavingexpert.com/banking/

    If you are asking the question of how to save/invest for the future, it depends on your age, income, spending, employment prospects, responsibilities, pension arrangements, etc. -- that's a bigger issue. Take your time and do your research.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.1K Banking & Borrowing
  • 252.8K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243.1K Work, Benefits & Business
  • 597.4K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.