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Help with investing £100k

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  • Albermarle
    Albermarle Posts: 27,909 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.
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