1st Stocks and Shares ISA

fred246

I'm looking for suggestions for a platform and fund to save £1000 a month into. I have paid off my mortgage, and I will have a good final salary pension in 10 years time. I have about £50k in various cash savings earning 3 to 5%.
When I retire I would be interested in buying a property to use in retirement.
Given the 10 year time span I would have thought Stocks and Shares would be better than cash savings.
If I lost money it wouldn't be the end of the world, I'd just have to tour in my caravan.
Any suggestions? Once I get investing I'm sure I'll learn quickly, it's just making that first move. Thanks.

colsten

Your request is not a million miles from what's discussed in this thread: https://forums.moneysavingexpert.com/discussion/5269185

The first investment you should make is in your knowledge about investments.

dunstonh

Given the 10 year time span I would have thought Stocks and Shares would be better than cash savings.

Why 10 years? Are you planning to draw it all out in 10 years and spend it in one go?
I would suspect it will be in there for longer than 10 years. If so, your investment strategy going forward is likely to be different

bigadaj

One thing to consider given the limited information you've given is that a personal pens ion or sipp Might be worth considering, this assumes you pay 40% tax and have enough annual allowance available given your final salary pension. It would though make your contribution less/ get more into your investments and would be available to draw on as necessary in your late fifties at the earliest.

fred246

I want to invest £1000 a month in a fund not a single investment of less than £500 in Rolls Royce.

I said 10 years because I am retiring in 10 years. I would want to buy a property to go to because I would have the time when I am retired.

I do not want anything with the word pension in it. I am too close to the lifetime allowance and the government keep moving the goalposts.