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r1dgeback
Posts: 15 Forumite
Hello
Just received £6k into my bank a/c from a Small Pension pot which I agreed to, £12k from another Small Pension pot will be paid next month.
Question: where would be the best place to invest this £18k to get the best return. I do have a Marcus a/c with interest of 1.5% but is there anywhere better.
Look forward to your reply's
Just received £6k into my bank a/c from a Small Pension pot which I agreed to, £12k from another Small Pension pot will be paid next month.
Question: where would be the best place to invest this £18k to get the best return. I do have a Marcus a/c with interest of 1.5% but is there anywhere better.
Look forward to your reply's
0
Comments
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Was this from an original defined contribution scheme or a defined benefit
pension transferred to a defined contribution scheme?0 -
The question is how long can you lock it away for, as the longer you can lock it away the better rate you can get.
If you need instant access you won’t get better than you Marcus account.0 -
Dazed_and_confused wrote: »Was this from an original defined contribution scheme or a defined benefit
pension transferred to a defined contribution scheme?
What has this to do with the price of fish? He has the money and wants to save it. As noted it depends on how long he can lock it away for.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
The original post referred to investing not saving.
In which case moving it from being invested within a pension to investing it outside a pension wouldn't necessarily be a great move.Question: where would be the best place to invest this £18k to get the best return.0 -
Hello
Just received £6k into my bank a/c from a Small Pension pot which I agreed to, £12k from another Small Pension pot will be paid next month.
Question: where would be the best place to invest this £18k to get the best return. I do have a Marcus a/c with interest of 1.5% but is there anywhere better.
Look forward to your reply's
Have you used your ISA allowance? If not you can put all £18k into a S&S ISA which should give better long term returns but it's not savings account so depends what you want to doRemember the saying: if it looks too good to be true it almost certainly is.0 -
Dazed_and_confused wrote: »The original post referred to investing not saving.
In which case moving it from being invested within a pension to investing it outside a pension wouldn't necessarily be a great move.
Fair enough but the post title referred to savings and he has already drawn the funds from the pension.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0
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