We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Maturing endowment: new home for funds?
Voyager2002
Posts: 16,349 Forumite
For complicated reasons, my endowment policy will mature about five years before the associated interest-only mortgage needs to be repaid. I expect to receive about 30,000 pounds (a shortfall of perhaps 25,000 on the amount outstanding). Since the mortgage interest rate is absurdly low I do not want to repay it before necessary, so need to reinvest the funds from the endowment. Should I avoid equity-based investments for a five-year period?
Background: I have separate equity-based investments that are currently more than enough to repay the mortgage, but selling them might well lead to a significant tax bill.
Background: I have separate equity-based investments that are currently more than enough to repay the mortgage, but selling them might well lead to a significant tax bill.
0
Comments
-
You should be able to fit the £30,000 into high interest current accounts.
Do you have a spouse?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards