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Which investment?

Plazamar
Plazamar Posts: 1 Newbie
in Savings & investments
Hi,
We are approaching retirement age and have £50k to £60k available for safe investments.
What best advice does anyone have?
What about Pension Bonds?

Comments

  • jimjames
    jimjames Posts: 18,928 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Not sure what a pension bond is but as a couple you can get £30k into S&S ISAs this year and another £30k from April so it will all be in a tax free wrapper.

    Then it's entirely your choice as to the investment you out in it which can be as risky or safe as you want.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • le_loup
    le_loup Posts: 4,047 Forumite
    The NS&I Over 65 Bond is about as safe as it is possible to get. I presume that is what you meant by pension bond.
  • dunstonh
    dunstonh Posts: 120,301 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What best advice does anyone have?

    not enough to go on.

    You need to clear up some things too. You mention investments which generally means using risk based products/investments. But then say safe and also mention pension bonds (which we assume means over 65 NS&I) which is a savings product (deposit based).

    You make no reference to what the money is for (income or growth, short term or long term).

    We really need more info
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
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