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FIL Mid 80's
Bolt1234
Posts: 324 Forumite
My FIL is selling his current house and downsizing. He is a higher rate pensioner so living off his pension is not an issue on a day to day basis.
However he will have approx £200-£250k to invest once the house sale goes through. He doesnt want anything complex and I was thinking of premimum bonds at £50k as one option. He doesnt want to take risks with his money and he doesnt want it dotted all over the place. Any suggestions please.
However he will have approx £200-£250k to invest once the house sale goes through. He doesnt want anything complex and I was thinking of premimum bonds at £50k as one option. He doesnt want to take risks with his money and he doesnt want it dotted all over the place. Any suggestions please.
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Comments
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NS&I Income Bonds seems like the best option in this case. 1.16% interest rate and since it’s NS&I the full £200k will be safe, not just the first £85k of it.0
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