Where to save £1,200 per month?

Jonbvn

Hi,

For various reasons, we have £1,200 per month available to invest and/or save.

Some background info:
Me & OH cash ISA's maxed-out.
My Mini S&S ISA maxed-out.

OH is not a tax-payer. Therefore, I was considering the following:

1. £300 per month into Mini S&S ISA in OH's name. Looking at a UK or European index tracker with low charges - any suggestions?
2. Remaining £900 into regular savers in OH's name, not forgetting to complete IR85 form.

Any thoughts? Seems a bit too low risk (maybe).

amcluesent

> Any thoughts?<

How much do you trust the OH?

dunstonh

Looking at a UK or European index tracker with low charges - any suggestions?

I dislike trackers in most areas due to the average performance that they generate. I like to aim for performance at the top end and not the middle. However, it is a matter of opinion.

Anyway, why just one or two funds? £300 allows 6 funds. So why not go for 6 funds and diversify?

Seems a bit too low risk (maybe).

Low risk to some, medium risk or high risk to others. What we feel about risk should have no impact on your decision. A UK or European tracker is medium/high risk but its only on a quarter of the money so that brings the risk down.

What is the timescale for the money? What is your risk tolerance?

Jonbvn

No set timescale for this money - looking for 5-10 years I guess.

My own S&S ISA is high risk. However, OH has a more conservative approach, so I would say she could accept up to say a 20% loss.

Good idea about using 6 different funds. Will investigate further.

BTW, I trust my OH implicitly!