Best investment for lump sum

TanyaDove

Where is best to save a lump sum? Wanting to put money aside for both children and the rest in my name.  They already have children’s isa’s is it worth putting in there or not? 

I have a regular saver account but no other savings account.  

Thank you

AnotherJoe

How long? 5 years? 20 years? Do you have a pension?Could yours be locked away for however long until your pension can be accessed? How much money? There are limits on what you can put in an ISA. 

tomy71

The question of how long for is obviously one that needs to be known as are the pension questions. the amount of risk you are willing to take is also a very important factor when determining the right investments. Currently the economy is shaky and stock markets are volatile so rather than a lump sum investment you may be better to use pound-cost averaging over 12 months and put 1/12th of the lump sum each moonth to iron out any falls in investment prices.

Albermarle

Here is a general guide to saving and investing which may be of help.
https://www.moneysavingexpert.com/banking/

83705628

This question is way too vague to be able to answer. Depends how much, what is your mortgage situation, cashflow situation, pension situation, do you have any debts etc.

xylophone

Up to £9000 per tax year can be added to a JISA.
If these are cash JISAs, are the children getting the best available rate?
NS&I accepts transfers in and currently offers 3.25%.
Information about  cash/investment JISAs.
https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa