money to invest

markyb12

im 50 years old
no mortgage and I'm debt free
had a windfall on ppi a couple of years ago. so got some cash to spare
I've probably around 40k in bank

11k is in my isa and I've not put this years allowance yet,
the other is mostly in regular savings and online only accounts all with nationwide

i had a pension that was frozen in 1996 when i took redundancy and started back with same company ( long story )
I'm still with the same firm but stupidly i never took a pension out when it was frozen and so i lost out on 19 years saving
got one now when company automatically enrolled everyone recently
apparently its a ok one

now what i want to know is whats best way to invest my money
was thinking gold coins or bars.
or should i look at shares bonds etc

at the moment part of me says invest long term as i don't need the cash or should i say i don't want to keep buying gadgets and start eating away at it
but I'm worried if i invest long term and something happens that i need lots of cash then I'm snookered
althouh most of my wages are being saved
just one other thing
if anything should happen to me then everything would go to government , there is only me and my mum and she's 89
there my girlfriend but as we are not married she would loose out
i want to leave everything her should the unthinkable happen
i thought if i had all gold then she would be able to sell it and not loose out
or should i leave it as cash and sort a will or give her my bank details just in case

saintalan

Probably put more in to your (or another) pension scheme and get tax relief. You can then get at it when you are 55 if you want.

Put your girlfiend in your will!

Cheers

Alan

markyb12

saintalan wrote: »

Probably put more in to your (or another) pension scheme and get tax relief. You can then get at it when you are 55 if you want.

Put your girlfiend in your will!

Cheers

Alan

thanks
so you are saying i can add a cash amount to my existing pension
is there a limit
and didn't know you could have more than 1 pension going
any ideas on who's the best
does pension pot get interest on it
i guess I'm like most people don't look in to this until it starts getting closer
not done a will yet but guess id better get on to it

xylophone

i had a pension that was frozen in 1996

Deferred defined benefits? Increasing in deferment?

Expression of wish in favour of girlfriend?

Will in favour of girlfriend?

Consider stocks and shares ISA?



http://monevator.com/transfer-cash-isa-into-a-stocks-and-shares-isa/

xylophone

Put your girlfiend in your will!

Or she'll give him hell?:eek:

xylophone

Re pension

https://www.gov.uk/tax-on-your-private-pension/pension-tax-

You can have an occupational pension and private pension (s).

markyb12

xylophone wrote: »

Or she'll give him hell?:eek:

LOL:rotfl::rotfl::rotfl::rotfl::rotfl:

markyb12

xylophone wrote: »

Deferred defined benefits? Increasing in deferment?

Expression of wish in favour of girlfriend?

Will in favour of girlfriend?

Consider stocks and shares ISA?



http://monevator.com/transfer-cash-isa-into-a-stocks-and-shares-isa/

was wondering if to do this for this years allowance
is it 15.4 k this time

xylophone

was wondering if to do this for this years allowance
is it 15.4 k this time

£15,240 - you might consider monthly drip feed.