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Redundancy investment

Hi,
I have been made redundant after a great number of years. Because of these events, there is a possibility that I may receive an amount of money for my services. I am however, unsure of what the best way to maximise my money would be if I do In fact receive a severance payment... Would it be wiser to invest the money into something (I.e. with a view to seeing some kind of return) or save the money (e.g. in a savings account)?

I understand that there may be lots of variables to take into account which could apply to such a scenario, however any general advice would be greatly appreciated...

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Probably better to post on investment places on this and other forums rather than this part which is more to do with the technicalities of redundancy rather than what to do with the money.

    If you need help checking your pay out then that's what we do here
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