Inheritance

A.castro

I have recently inherited £115 000 and have no clue what to do with it! What’s best way to save and invest it? Any advice is much appreciated.

Robin9

Have some fun with some of it; clear your CC debts; pension ?

18cc

If you want risk but potentially higher returns, put it into equities (eg a fund)

If you don't want risk, put it in to NS&I bonds.

If you want a punt and some hard work, buy a buy-to-let

Linton

Talk to an IFA. But first of all you need to have some idea as to what you want the money for, when and how much. One answer could be to live on in 20 years time, and/or buy a £100K house in 5 years time etc etc

elephantrosie

firstly pay off your debts. then used up all high interest paying bank accounts (3% and above) and invest the rest.

i would invest 100k and keep the 15k for rainy days

solartom

" have recently inherited £115 000 and have no clue what to do with it! What’s best way to save and invest it? Any advice is much appreciated"
knowing nothing about your circumstances this is what i would do
pay of my mortgage
use the the freed up monthly first to save for a rainy day fund which can be kept in (as suggested) high interest current accounts/ attached regular savers
once achieved target say 6 month living expenses
increase/start pension payments
work out what is required for good level of pension and keep going adding until i am happy with level
the start planing what/where/how i spent my retirement

ivormonee

Not possible to give you an answer as would need to know your circumstances, age, risk appetite/ aversion, goals etc. Generally, the younger and/ or more financially resourced you are, thye more risk you can take and hence a greater potential for financial gain. The older and/ or less financially stable, the less risk and hence the less potential reward.