What to do with inheritance

Joolsstaffs

My children have inherited some money from my father. My eldest daughter has a help to buy ISA but as she is studying languages she wishes to live and work in Spain when she finishes her degree (2 years time).  What should she do with her money? Stocks and shares portfolios seem a bit risky at the moment given world events. But she may not end up
living in the UK so lifetime/help to buys are not much use either. She’d like to make the money work somehow (£25k). 

Alistair31

For 2 years I’d park it in premium bonds 

[Deleted User]

As she will be in Spain, Premium Bond prizes over a certain value (I think it is 8000 euros) will be taxed as personal income, likewise any investments she buys and then sells will attract Spanish CGT.
If she wants to come back to the UK and she wants the investments to work in the meantime, open a UK ISA and let it grow, do not sell the investments at all. If she does buy and sell the investments then she will be liable to Spanish CGT and her providers will be restricted (HL and ii will allow you to buy and sell, Vanguard and iWeb etc will only let you sell)
She will also need to put any assets on her 720 Wealth tax form (although I very much doubt she will be paying wealth tax, she still needs to fill in the form).
However I do agree with the above poster, Premium Bonds will be the safest place.

Albermarle

Stocks and shares portfolios seem a bit risky at the moment given world events. 

They are no more risky today , than a year ago , or will be in a years time . In fact most investments have grown in the last 12 months .

The critical point as mentioned above is that investing should be  a long term project, so what is happening today is of little relevance.