My 92 yr old mum has £650,00. How shall we invest it?

jamesd

It sounds as though since she's already self-funding she could give money away for inheritance tax reasons without the local authority having objections, perhaps provided she uses means like purchasing a care annuity to ensure that she'll continue to have the required income.

Regardless, it sounds prudent for her to keep at least a few hundred thousand, say the nil rate band amount, in her own name for the possibility of large medical bills. And simply because it's her money and she can, without adverse inheritance tax consequences and with apparently little chance that the local authority would actually have cause to take money from it.

Not a lot of discussion of actual investments here since that's really something for the IFA. But once suggestions are made please do feel free to ask for comments on the plan, if only for reassurance that it looks reasonable.