What to do with 120k inheritance

MEM62

atush wrote: »

BTL is now heavily taxed.

Whilst I agree that a BTL isn't the way forward for the OP, BTL's are no more heavily taxed than previously unless you fall into the 40% tax bracket. I am sure that the OP's income will fall far short of that.

OP, if you are looking at a 2-year window that is too short for investment. (Although personally, I would be tempted to stick some in S&S - perhaps up to the £20 ISA limit) The rest is probably best placed in the best yield savings account that you can find until you have more concrete plans.

thelem

elephantrosie wrote: »

how is match bettings not gambling?

Matched betting, not match betting.


It's a bit like taking out a 0% interest loan and then putting the money in a savings account.


You place multiple bets on the same event at different odds in such a way that whatever the outcome of the event your winnings will exceed your stake.

G_M

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cloud_dog

Assuming you don't go down the BTL route, look to utilise a LISA for some of the money (unclear from your posts if you are eligible, am assuming you are).

Exodi

atush wrote: »

Well given you are a gambler, i would consider locking some of it away. In pensions, regular savers etc.

jazzfriend100 wrote: »

Not a gambler! Matched betting is risk free and I've been doing it for years! (Bets are always covered on another website). Never actually placed a 'real' bet.

atush wrote: »

Given you have 120K coming in, you might be tempted into more straight up gambling.

With as much respect as I can muster atush, you have absolutely no idea what you're talking about.

Matched betting (if you'd spent a few minutes looking it up before flouting your nonsense) is where people place bets on all results of a match, so there is no risk element.

The OP even tried to explain this to you...

FYI MoneySavingExpert itself has a a board on matched betting.

Anonymous101 wrote: »

Its not, you're able to cover all possibilities with multiple bets and either manipulate differences in odds or take advantage of offers to guarantee profit. I've done it for years, it isn't gambling.

There's a board on here if you're interested:
https://forums.moneysavingexpert.com/forumdisplay.php?f=41

Its absolutely not gambling.

I wouldn't waste your time.