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Best way to invest about 200k
Comments
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london21 said:dunstonh said:london21 said:New ISA allowance soon
The advice to invest in Vanguard FTSE global all cap index has been working well.
I have increased my pension contribution to £1500pm
Still have cash in instant access account paying around 4.84 / 4.9%
Pension beats LISA and ISA.
Income about £70k base £25k last bonus not sure what I will get next month but feels weird working and not getting much monthly due to pension contribution but guess that is a mindset thing.
I am currently 34 feels like a long way away from retirement.1 -
As a higher rate taxpayer investing in your pension is probably a good idea. If you dislike the idea of all your eggs in one basket then continuing to maximise ISA contributions is a good idea. We did that and our Investment ISAs form a core income stream of our early retirement plans. You have the flexibility with those in that you can access before 55 and of course they are tax free on the way out whereas pensions aren't.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Save £12k in 2025 #1 £12000/£70001 -
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.0 -
london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.0 -
artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.0 -
london21 said:artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.
I see you don't include the pension in your list of assets. Why is that? I would have thought you would want to rank that against the S&S ISA.1 -
DRS1 said:london21 said:artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.
I see you don't include the pension in your list of assets. Why is that? I would have thought you would want to rank that against the S&S ISA.
Called HMRC to increase pension from £1500 to £2686 but appears it's a large increase will have to tell employer first then send in payslip. Started the process online. Followed same process when I increased from £420 to £1500.
Pension pot about £95,500.
I am 35 but don't like how they keep increasing the pension age.0 -
london21 said:DRS1 said:london21 said:artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.
I see you don't include the pension in your list of assets. Why is that? I would have thought you would want to rank that against the S&S ISA.
Called HMRC to increase pension from £1500 to £2686 but appears it's a large increase will have to tell employer first then send in payslip. Started the process online. Followed same process when I increased from £420 to £1500.
Pension pot about £95,500.
I am 35 but don't like how they keep increasing the pension age.0 -
masonic said:london21 said:DRS1 said:london21 said:artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.
I see you don't include the pension in your list of assets. Why is that? I would have thought you would want to rank that against the S&S ISA.
Called HMRC to increase pension from £1500 to £2686 but appears it's a large increase will have to tell employer first then send in payslip. Started the process online. Followed same process when I increased from £420 to £1500.
Pension pot about £95,500.
I am 35 but don't like how they keep increasing the pension age.I've done this before, as they need to update my tax code to make sure I get the right tax benefits. I let my employer know, and they handle the adjustments.
0 -
london21 said:masonic said:london21 said:DRS1 said:london21 said:artyboy said:london21 said:
I have £52,000 in the Vanguard FTSE Global All Cap Index Fund (not held in an ISA), and £120,000 in an ISA.
I also have:
- £50,000 in Premium Bonds
- £121,000 in Tandem and Chip savings accounts
I'm a higher-rate taxpayer.
It seems like I have a large amount in instant access savings accounts, despite having no immediate need for the funds.
I pay £1500 into my pension each month.
I see you don't include the pension in your list of assets. Why is that? I would have thought you would want to rank that against the S&S ISA.
Called HMRC to increase pension from £1500 to £2686 but appears it's a large increase will have to tell employer first then send in payslip. Started the process online. Followed same process when I increased from £420 to £1500.
Pension pot about £95,500.
I am 35 but don't like how they keep increasing the pension age.I've done this before, as they need to update my tax code to make sure I get the right tax benefits. I let my employer know, and they handle the adjustments.
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