higher rate tax payer with 70k to invest

NedS

dodski69 said:

hi, I won't need access to the money for a year, looking for minimal risk with the best return after tax. I have no ISAs and a standard pension. I am just looking to earn as much net profit as I can with no risk for a year on this sum 

One year (TN24 - 31/01/2024) government gilt paying a 0.125% coupon (which will be taxable interest) and the majority of the yield to maturity will come from the tax free capital gain (there are no CGT on gilts). Current yield to maturity is around ~3.5% and can be held outside of a tax wrapper largely tax free.

jimjames

dodski69 said:

Hi all i am a higher rate tax payer and have 70k to invest. was looking at atom and other saving banks and want to save as much from the tax man what would you suggest

Just to be clear from the thread title, it's savings not investment if you are looking at a term of a year or so. Investments would be much longer term but there is no need to put all your money in the same place. As previously mentioned pension or investments might be suitable for part of the money.