Savings advice

Smokie_Dave

I am in a postition to be able to save £4,000 per month and not require access to this money until May 2021.

What advice can anyone give to maximise the return in 2021 at minimum or zero risk to the accummulated funds.

qpop

The best savings accounts rate, if you want zero risk.

Start here.

Linton

One option - For the first 5 years or so put it into a balanced shares & bonds fund, or set of funds, and then when you get closer to 2021 switch to deposit accounts.

What is you tax position? If your investments do very well they may need a bit of management to avoid CGT, but your gains should be largely tax free. Its rather more difficult to avoid tax with large amounts of money going into bank deposit accounts.

Smokie_Dave

Tax would be payable at CT rate of 20% (Small Business Profits Rate) I think this would qualify.