£15k Investment - help please!

TurnaroundSue

Hi - we are seriously considering selling our endowment policy with Standard Life which is due to mature in 5 years time. We have been told w, so the will get circa £15k and were wondering:-

1) Is this a good option, or should be keep the SL policy until maturity. At the best rate of 7.5% forecast SL are only predicating around £21k.

2) If we cash it in, where is the best place to invest the monies. I know that we can use up our cash ISA allowance each, but not sure what to do with the remainder.

We will use around £2k to overpay our mortgage as this is the maximum we can overpay by so will have around £6k left over.

Any ideas where best to invest?

Many thanks for any advice/help you are able to give.

Sue

avantra

put it here for a year and pay some tax on it: http://www.icicibank.co.uk/hisave_termdeposit.html

Or put it here and don't pay tax:

http://www.nsandi.com/products/ilsc/index.jsp

The way inflation going the 2nd is probably not a bad thing.;)