Money to invest for 12-18 months

ottosump

Hello group, we recently sold our house and moved into rented accommodation, we are taking time out hoping to accrue enough money to fund a self build, anyhow the move has left us with a surplus 86 thousand pounds. The Halifax got me in yesterday and gave me a multitude of options, all bewildering. I settled for a safe bet until I could take further advice. Placing £5640 in a variable ISA saver and £75k into the Halifax reward saver @ 1.7% AER. My question is two fold, what can I expect to gain on the two investments I've made, and what other options are there available for my money over a 12-18 month period.
Kindest regards, Otto in a sunny West Cumbria

Radiantsoul

About £1275 per year, you would need to pay tax on it. You could probably get a better savings rate elsewhere(closer to 3%).
You could give your wife/partner some money to shelter in an ISA and put some in before and after the ISA deadline.

R_P_W

Just to be clear you have not INVESTED in anything. They are savings accounts which over a 12-18 month period is what you require just unlikely that Halifax is offering the best rates

ottosump

Thanks for the replies, I was actually thinking about utilising my other half for another ISA as we actually have too much in our bank account. Just to clarify then, I can max the ISA's for this year, then as soon as the tax year starts again I can max them again? Given a ball park figure, what return will I get on an ISA after 12 months, will it be better than the suggested 3%
Regards Otto

R_P_W

if you put it in an isa for 12 months you will get interest at whatever rate the ISA rate is and you won't pay income tax on the interest.

innovate

Plenty of calculators on the web that help you work out what you might get e.g. http://candidmoney.com/calculators/