Suggestions for Investment

fugglestick

Well after a year of wrangling, much cost to FA's to no avail, the Pru have finally paid me my 40K pension.

Any constructive suggestions where to place it?

My mortgage expires next year and is covered by pre planning of investments.

Thanks

HappyHarry

I'm presuming from your post that you have been paid a lump sum of £40,000 which is your entire Prudential pension after tax.

The most tax-efficient savings place would probably be in a pension. However, you now won't be able to pay it back into one in one go.

In an earlier post you said you wanted to invest the money in your business. Has this objective changed?

coyrls

Strange, why did you spend a year of wrangling to get money that you now don't know what to do with, why not leave it in your pension until you actually need it?

dunstonh

Any constructive suggestions where to place it?

A pension may be a good place.

MrBeans

Impossible question to answer, OP.

Putting it into a SIPP might be a good idea, but we don't know your tax situation so one can't say.

If you're asking which shares, unit trusts, countries, sectors... to invest in your guess is probably as good as anyone else's!

If you're not ISAed to the max in this tax year, sticking some in an ISA could be a good idea - but what you invest it in in the ISA is quite another question.

atush

I would have left it in the pension and used DD.


I guess use yours and any spouses ISAs and invest the rest unwrapped til next years isa comes up.