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Where would you Invest £550,000 inheritance for at least 6 years until entitlement

Invest987
Invest987 Posts: 54 Forumite
Fifth Anniversary 10 Posts
in Savings & investments
A simple question cause much deliberation. Onshore or Offshore? 
«1

Comments

  • Notepad_Phil
    Notepad_Phil Posts: 1,586 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    There are plenty of investment choices onshore, so why complicate things by going offshore.

    Or do you mean investing in the UK or investing globally, in which case invest in the global markets.
  • Albermarle
    Albermarle Posts: 28,471 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Invest987 said:
    A simple question cause much deliberation. Onshore or Offshore? 
    I would say that when asking for an opinion for such a large amount of money , that you will not get any sensible answers from a one liner question. 
  • Robin9
    Robin9 Posts: 12,856 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is this for a 12 year old who can't inherit till 18 ?

    Does the £550K have to be held in trust ?
    Never pay on an estimated bill. Always read and understand your bill
  • dunstonh
    dunstonh Posts: 119,989 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    A simple question cause much deliberation. Onshore or Offshore? 
    Onshore bond or offshore bond?
    Or offshore funds or onshore funds?
    Or offshore funds in offshore bonds or onshore funds in onshore bonds or onshore funds in offshore bonds or offshore funds in onshore bonds

    What was that simple question again?


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Invest987
    Invest987 Posts: 54 Forumite
    Fifth Anniversary 10 Posts
    Robin9 said:
    Is this for a 12 year old who can't inherit till 18 ?

    Does the £550K have to be held in trust ?
    Yes it does until they are 25. I have found it a huge responsibility to know where to start with the investment bonds?
  • Robin9
    Robin9 Posts: 12,856 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 26 February 2022 at 9:43PM
    Please correct me if I am wrong - the age 25 is not enforceable - once the the recipient reaches 18  he/she can claim the inheritance.

    Edit  - the recipient I think is 19 - so can claim the inheritance now. 


    Never pay on an estimated bill. Always read and understand your bill
  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic

    Can I asked a question for the hidden majority on here. How much inheritance tax did you cough up?






  • theoretica
    theoretica Posts: 12,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I believe trustees have a legal requirement to seek qualified financial advice.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    theoretica said:
    I believe trustees have a legal requirement to seek qualified financial advice.
    There's previous threads on the same topic. 
  • Invest987
    Invest987 Posts: 54 Forumite
    Fifth Anniversary 10 Posts
    Robin9 said:
    Please correct me if I am wrong - the age 25 is not enforceable - once the the recipient reaches 18  he/she can claim the inheritance.

    Edit  - the recipient I think is 19 - so can claim the inheritance now. 


    Expression of wish in will is 25. 
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