94 year old - review

InvestInPoker

ggb1979 wrote: »

I'd still go with my suggestion

Yep, if I get to 94 and still have all my financial marbles intact like the OP's father does I will tell anyone who trys to "suggest" anything to me quite clearly where they can stick their advice

Saying that, the OP and OP's father are in a situation which is a little different than that, where attitudes are being changed. Other people in this thread will give better advice than me.

Hooloovoo

ggb1979 wrote: »

I say he should blow it all on whatever takes his fancy

^^ This.

Screw the kids inheritance. They will get the house in the end anyway, that's more than enough.

The very best thing to switch his funds to is enjoying his last few years.

RickyC_IFSWP

As kidmugsy touched on, gilts are not looking great although short-term ones/money market funds are a possibility for consolidating the gains made over the years. If the investments are held in ISAs, then you don't need to worry about CGT.

More of a concern should be mitigating inheritance tax if his estate exceeds the threshold (£325,000 per individual). And of course, ensure a valid Will is in place a long with a Lasting Power of Attorney.

Vortigern

G_M wrote: »

He'd qualify for a telegram from the queen (does she still send them to 100 year olds?)

Not a telegram as such, but HM will send him a card if you ask her nicely.

https://www.gov.uk/get-birthday-anniversary-message-from-queen