Rent out my house or sell it?

Janie1975

Albermarle said:

Janie1975 said:

mebu60 said:

Any gain in value on the rental property, which is not guaranteed, will be subject to CGT.

Personally I would sell and look to generate a similar return on the lump sum which should be achievable even with a relatively low risk strategy and certainly less hassle. Use of ISAs would mitigate tax.

Where are you in terms of pension? 

My current pension pot is just under £200K and partner around £350K (he's 52). Think I'm definitely looking at selling. Just where to put the money with no/very low risk!

When it comes to investing and saving, it is not advisable to put everything in no/low risk products.
The reason for this is that long term you will miss out on growth, and struggle to even just keep up with inflation.
So ironically taking no risks is actually quite a risky strategy.
Investing for most people is not about trading shares or buying bitcoin, but means investing in mainstream diversified funds where risks are controlled and in the long term ( >10 years) you should see some decent growth.

Almost certainly your pension pots are invested and with over half a Million between you, then it would be good to understand how they are invested, if you do not already.

Thanks Abermarle, 
I'm looking into it further and to spread the money around when I have it, most likely to my pension. Aviva manage my current funds in my pension which is medium risk and doing well so far so happy to add it to that. Then, like you say look at where else to invest. I appreciate the advice, I'm not the most financially astute! I do actually have some BTC and ETH but that was money I was prepared to lose (I've done OK so far!)...this isn't ;-) But of course I'd like it to perform as well as possible without the uncertainty of shares and crypto. 

SiliconChip

nakie999 said:

Stuff...

I'm not sure why there would be any legitimate reason to resurrect a thread last updated 10 months ago where the issue has almost certainly been resolved by now, it seems more like an opportunity to publicise the location agency you mention.