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Advice for daughter 25 year old
Comments
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Also consider placing portions of the savings in to fixed rate or notice accounts. I doubt she really might need immediate access to £18k.
I did like your comment ...so saving with the view to raise a deposit isn't a priority.. Who turns down free money :huh:
Personally I would follow the good advise above regarding the LISA.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Not sure why some people are slating the idea of encouraging her to get a S&S ISA
I realise she intends to buy a house within 5 years, for which a S&S ISA would be inappropriate. However we all know saving and investing is not all about one thing or another - a balance has to be achieved.
What if she doesn't end up buying a house in 5 years? Or 10 years?0 -
You can have a S&S LISA as well, if you choose.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
A cash LISA gives her totally clear options, as well as a guaranteed return that will be difficult to beat by anything else. An investment does not.As far as I know, a LISA is locked in no flexibility. She likes to keep her options open
The priority should be on the best, and safest, return for your daughter. Not on your desire to introduce her to investments. Although it appears she won't be strapped for cash when she buys as you are gifting her £150k so it might not matter [to you] if she takes investment risks.0
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