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Most sensible saving/invest options in order of priority?
waitpatiently
Posts: 41 Forumite
For a lump sum quantity (value is considerably less than the £20k ISA annual allowance) , and full PSA available , what is the best way to save/invest over 1-2 years? Already have a LISA each but not interested in topping that up as it is locked away. Potentially need it for overpaying mortgage in 12 months time, as have maxed out current year's mortgage overpayment.
I have searched previous posts, and looked at bonds (5.8%) and savings accounts (3-4%) but not sure if I would be optimising tax free wrapper.
Thanks a lot in advance
I have searched previous posts, and looked at bonds (5.8%) and savings accounts (3-4%) but not sure if I would be optimising tax free wrapper.
Thanks a lot in advance
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Comments
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1 year is too short for investing. So are 2 years.If "full PSA" is available, I don't see any tax problems with interest on amount "considerably less than the £20k"
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