£150K to invest

Discovery_Shropshire

It may sound a daft question, but where is the safest place to invest £150K. I want it 100% safe with a risk free return.

Any advice would be great

le_loup

In two banks.

atush

Or one bank if a jt acct.

I would put 15K single (30K joint) of it into NST inlcs, and fill any cash isas you can. And top up any pensions you have. Then the rest (after paying off any debts and overdraft) into fixed rate bonds with the best rate you can get for your time frame. Each year going forward fill your cash ISAs, and open new NSIs when allowed.

dunstonh

I want it 100% safe with a risk free return.

There is no such thing apart from NS&I index linked certs.

You have investment risk, inflation risk, shortfall risk and provider risk. If you dont want investment risk, you will be taking on inflation risk, possibly provider risk if you dont spread it and shortfall risk if you are using the money for a future specific purpose.

cinderfella

Gold Krugerrands, but don't keep them under the bed.:rotfl:

thor

dunstonh wrote: »

There is no such thing apart from NS&I index linked certs.

and if the UK defaults? Yes it is extremely unlikely BUT not impossible. I mean who would have thought 10 years ago that the Halifax would have had to be rescued, the N.O.T.W would be no more and you couldn't watch the tv for more than 15 minutes without a cookery show popping up!
I would put the certificates in the same category as provider risk.

Linton

The best return you will get is to pay off debts. This includes a mortgage unless you are on a very low interest rate.

This "investment" is completely tax and risk free.