actor £15,000 what do i do?

jen140190

hey guys, i'm a young self employed actor who's just been given £15,000. what should i do with it. do i get a pension, or an ISA, or any other saving suggestions welcome. I have no need for property and already have one exisiting ISA which matures next year. HELP!!!

forgotmyname

£10k on secure savings and £5k on something a little riskier but with a potential for a better payout?

Or stick the lot on premium bonds?

xylophone

If you don't have a pension, it could be time to start one?
http://www.cavendishonline.co.uk/pensions/

http://www.hmrc.gov.uk/incometax/relief-pension.htm

Regarding the single tier state pension https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181237/single-tier-pension-fact-sheet.pdf

https://www.gov.uk/government/consultations/national-insurance-and-self-employed-entertainers

Do you have instant access savings to tide you over when you are "resting"?

Do you have a cash isa to which you have subscribed in this tax year? If not, you could open an account although interest rates are poor. http://www.thisismoney.co.uk/money/saving/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts might be worth a look.