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Peasandbarley

Hi Folks, looking for advice if possible, have £500’000 to invest , basically looking to receive an income of £15000 net yearly without denting the initial fee initial amount is this achievable? , any help would be great , this would be over the long term.

Albermarle

looking for advice if possible, have £500’000 to invest

If you want personal advice then you need to see a financial advisor , preferably an Independent Financial Advisor .
Most likely this would be a very good idea anyway , if your knowledge of investing and personal finance is not very high. It is a lot of money !
You could get some general guidance from this forum but you would need to post a lot more detail .
Age? Family situation?; in employment ? Existing investments /pensions etc .

basically looking to receive an income of £15000 net yearly without denting the initial fee initial amount is this achievable

It is a possibility , but depends on your tax position and whether you want to take inflation into account.

george4064

Go speak with an Independent Financial Advisor (IFA), they will be best positioned to assess your current situation, goals, attitude to risk etc and find a way forward to allocate your money.

Notepad_Phil

Peasandbarley wrote: »

Hi Folks, looking for advice if possible, have £500’000 to invest , basically looking to receive an income of £15000 net yearly without denting the initial fee initial amount is this achievable? , any help would be great , this would be over the long term.

You are looking to get a net 3% from the initial sum, so it is possible to get that kind of income but investments always come with the risk that they will fall in value, so you would have to be happy that you could see the value fall to less than that £500,000 - though if sensibly invested, previous history would indicate that it would in the long term rise in value (i.e. ten years).

An initial consult with an IFA does seem a reasonable first step.

Peasandbarley

Thanks folks for the prompt response, will get a appointment ASAP with a IFA, cheeky question any recommendations for IFAs on the west of Scotland ?

ivormonee

Peasandbarley wrote: »

... without denting the initial fee ...

I agree, you wouldn't want to dent the initial fee as that should remain intact.

xylophone

IFAs on the west of Scotland ?

You could try

https://adviserbook.co.uk/

You would tick "confirmed independent" and then such specialisms as you require.

steampowered

Please do remember that inflation exists. £500,000 in 10 years time will be worth less than it is today.

The thought process of wanting to keep £500,000 has emotional impact, but not financial.

If you are hoping to keep the same value, you would need to make 3% PLUS inflation.

3% is very achievable with reasonable fairly low risk investments. 3% plus inflation does require accepting more risk and accepting that the value of your capital would go up and down over time.