£1,000,000 investment

dunstonh

investa wrote: »

***.hl.co.uk/investment-services/active-savings
Thanks quirkyd. this could be my solution

BTW: you don't get a bus pass until you are 66.

The solution to what?

Looking for solutions without knowing what needs/objectives need to be met and issues to deal with is back to front.

firestone

Assume it was NS&I that put the money in their investment account (now down to 0.8%) But you could even move the whole amount to their income bonds paying 1.15% with no notice or penalty or even the direct saver at 1% while you make your mind up

TheShape

darkidoe wrote: »

Finally a Premium Bond jackpot winner! First time I heard of one if true.

Do you mean 'the first time I've heard FROM one'?

With two jackpot prizes per month it would be odd to not have heard OF a Premium Bond jackpot winner!

TheShape

I think the advantage of having £1 million and also the most sensible thing to with it is probably lot's of different things!

Gift some, spend some, save some, invest some.

Doing a single one of those options with 100% of the money would probably be a poor option. The best option would be the right mixed of all four with regard to circumstances.

bostonerimus

If helping your children is a goal then I think avoiding 40% inheritance tax is important. So set up a trust
an d invest the money in a diversified portfolio of stocks and bonds and take annual income.

Zero_Sum

Another reason for spending it & gifting it is avoiding potential care home fees.

sham63

Just curious to know how many premium bonds you hold and for how long?

Congratulations on your win :beer:

darkidoe

TheShape wrote: »

Do you mean 'the first time I've heard FROM one'?

With two jackpot prizes per month it would be odd to not have heard OF a Premium Bond jackpot winner!

:doh: Okay okay you got me. I don't go around looking for accounts of people winning the top prize. And I do know there are top prize winners monthly.

Either 'from' one or 'of' one, you get my drift anyway. :j

LeafGreen

Apologies for going OT slightly, I have a curiosity about winning the big prize on premium bonds... do you literally get a knock on the door from "agent million"? Not that I'm ever likely to experience it but would love to hear more about the whole process in general.

investa

In answer to some questions about Premium Bonds:

I held £100 worth for about 25 years and never won a penny over that period. After my father died, he left me about £30,000 worth and two years after that I won. Thanks Dad.

Agent Million (for me) was a nice middle aged woman from Blackpool. She knocked at the door and held some ID up but I assumed she was selling something and so I tried to politely close the door. She seemed adamant that she should talk to me so she came in and told me the news. They present you with a pack of info and an invite to see a financial adviser. The money gets paid into account of your choice after a few days. They suggest the NS&I. What I didn't know at the time was that you can put a windfall in a bank with full protection on the whole amount for 6 months. They didn't tell me this.