First time have money

xylophone

You don't say how old your younger child is - if eligible for a JISA http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingMoney/SavingsAndInvestments/ISAsandJuniorISAs/DG_199672 (and, if necessary, you are prepared to open Isa with Halifax), this might be of interest:https://forums.moneysavingexpert.com/discussion/comment/52788721#Comment_52788721 post 9

Reaper

alirobertson wrote: »

A reputable one form kbridgeadvisors.ch will give you a helping hand.

I see both your posts have mentioned this company.

Under no circumstances should they follow your advice. You are recommending a Swiss company which, as far as I can see, is not authorised to conduct business in the UK.

As such I think there is a high chance it is scam operation.

If they want financial advise they should go to an IFA.

EDIT: I see the post has been been removed now.

maryleerk06

I agree with the others! Spread your savings across a Cash ISA and stocks & shares ISA as the allowance for these are now £11,280 for S&S isa and £5640 for cash isa.

Maybe a low risk portfolio for 4 years? You can do this through an IFA although this could be very expensive, or on a DIY investment site like Hargreaves, rplan etc.

Congratulations though must be a wonderful peace of mind for you.

GeorgeHowell

With respect, £200K these days is not a vast amount of money, in terms of it not being life changing for many people, and not enough to live on for the duration for someone around 60 year of age with average life expectancy. Many people, including almost all IFAs, will advise putting a large content of it into equities, and UK equities in particular. This will be couched in terms that it is a no-brainer, and that to fail to do so would represent stupidity and over-cautiousness of the most cras variety.

But think long and hard. Is it better to put the bulk of the money into long term cash investments whereby a minor portion will erode away with inflation, effectively representing some annual drawing on the capital ? Or is it better to play the stock market, in the hope that the flat trend of recent years will turn out to be a blip and hope to goodness that we are not heading for the more of the same, or worst case for the much vaulted global financial crash whereby the value of equities could be decimated overnight with no recovery in prospect any time soon ?

grey_gym_sock

most 60-year-olds are likely to want to have a significant amount in cash deposits, and a significant amount in shares. say at least 20% in each. exactly how much in each will vary, depending on aims and attitudes.

there is a good case for making a lot of the shares equity income. that tends to mean investing in companies which are profitable even during the current depression.

kidmugsy

maryleerk06 wrote: »

...Spread your savings across a Cash ISA and stocks & shares ISA as the allowance for these are now £11,280 for S&S isa and £5640 for cash isa. ...

Note that if you put £5640 to a Cash ISA then you can put only £5640 to an S&S ISA.