£1000,000 - what to do?

pharmacyman

Hi, advice and thoughts needed.

I have recently acquired approx. £100,000 to invest/save. I really don’t want to take any chances with losing any of it by investing in a Bond or similar. But savings accounts don’t offer much interest. Was wondering if you guys knew of any other options or what your opinions were. I am a UK expat in live in Europe so UK ISA’s are not an option for me.

Thanks

Zero_Sum

P2P lending?
Theres a bit of a risk but someone like zopa you're only lending out a tenner to lots of different people & after expected losses you still should see 4.5 - 5% return

AlanP_2

pharmacyman wrote: »

Hi, advice and thoughts needed.

I have recently acquired approx. £100,000 to invest/save. I really don’t want to take any chances with losing any of it by investing in a Bond or similar. But savings accounts don’t offer much interest. Was wondering if you guys knew of any other options or what your opinions were. I am a UK expat in live in Europe so UK ISA’s are not an option for me.

Thanks

Think about what this money is for and when?

Retirement in 30 years time or new house next year for example. Both of these are reasonable but would result in entirely different suggestions and strategies.

Thrugelmir

How did you get on with finding suitable investments for your mother?

EdGasketTheSecond

Depends where you are resident and what the tax laws are for you on unearned income/income from abroad and the trade off between tax on interest and capital gains tax for the regime you are resident under.



There's no risk-free way of improving the paltry returns on bank accounts I'm afraid. You either accept you are going to lose money to inflation or take some risk.

badger09

£100,000 or £1000,000? There's quite a difference:cool:

Consult an IFA, having first researched the tax regime in your country of residence.

pharmacyman

Thanks for the replies.


My mother went with another Prudential Bond as she felt it was a name she could trust. Thanks for asking!


I shall look into the P2P (I hadnt heard of this) and do some research - or may put mine with the Pru as well.



Thanks again.

jamesd

P2P lending has the chance of losing money, similar to a bond.