We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help with investing £100k

2»

Comments

  • Albermarle
    Albermarle Posts: 29,025 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    xylophone said:
    You can add another £20,000 to an ISA from April 6.

    How old are you?

    What kind of pension do you have?
    Hi, I'm 50 and don't have the best pension, I currently pay around £500 per month into a money purchase plan with 5% paid from employer for the last couple of years. Believe I have around £33k in an old pension that I've not done anything with for years
    You could think about adding more to your pension each month, now you have the security of having the £100K .
    Pension gets tax benefits, but you can not access it until later. However the more you build it up the more income you will have in retirement.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.