Discretionary Trust No-Risk Investment.

getmore4less

question to ask is
do you want growth or income or a bit of both.
Do you want to be active or passive investor.

There are options out there but none will not have some volatility

£44k is not a lot for investing.

Gillyc1967

Perfectly legal, I'm doing nothing wrong. Just what I was advised to do Tom :rotfl:

xylophone

Be sure that you understand the tax implications of income arising on a discretionary trust.

Gillyc1967

I'm not against some risk & actually had a chap come to see me who said he could invest it at minimal risk for me (for a fee, obviously) but my dad who has lost quite a substantial amount of money through HSBC investing in shares for him is set against it, He's 80 and doesn't need the stress & managed to put me off it.

But thanks for the advice chaps, you've given me things to think about & I shall be investigating further...

Gillyc1967

Thanks Xylophone, HSBC are taxing it at source for me, which I have to trust is right.

xylophone

http://www.blakemorgan.co.uk/training-knowledge/guides/client-guide-discretionary-trusts/

"The taxation of a trust is different from the taxation of an individual."

https://www.gov.uk/trusts-taxes/trusts-and-income-tax