£54000.00 to put in savings

SueDerbyshire

Thank you all for your advice and it has given me a lot to think about.

It is important that we get an annual income from our savings, as mentioned before, this money is for our holidays each year. Due to ill health I may not be able to go abroad for much longer, so we are making the most of it while we can and hence the importance of yearly interest.

We have other money that we have invested for the future so this is just our happy money and also hopefully it will still be worth a little bit once we have handed it over to the children.

Thank you again for all your help.

Sue

Eco_Miser

Remember that you don't actually need to receive an annual income as such: You can spend one pot of capital completely, while allowing other assets to increase in value untouched.

In your position, I would consider using some of the £54k directly for holidays.