What to do with £80,000 from inheritance?

MarkBargain

You could invest in a fund that spreads the risk over many companies. There is some risk of loss, but over time these funds tend to make far more than low interest savings accounts etc, although having said that the Santander 123 account is worth a look with 3% interest on up to £20K.

reacon84 wrote: »

I feel a bit guilty receiving it.

You could invest in funds that may do a social good.

CIS Sustainable Leaders - A UK growth fund focusing on the core themes of the environment, human welfare and sustainability to generate superior investment returns.

Jupiter Ecology - The Fund's investment policy is to invest worldwide in companies which demonstrate a positive commitment to the long-term protection of the environment.

WHEB Sustainability C Fund - The Fund will invest predominantly in international and UK equities and in particular will invest in such equities in those sectors identified by the investment manager as providing solutions to the challenges of sustainability.

It's cheaper to use a low cost investment platform than investing directly with the companies.

kidmugsy

atush, I can't see the point of the lad rushing to get 20% tax relief on pension contributions when he can expect to get higher relief in future. Unless by higher contributions he also ensures higher contributions from his employer.

neilsolaris

I was exactly in your position a short while ago, although slightly larger inheritance. I bought Tim Hale's book called Smarter Investing, which I found helpful. You'll have no problem understanding it as a trainee accountant! I'm studying ACCA as it happens.

Basically, I've adopted a passive investment strategy. This involves various index tracker funds.