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What would you do with £25,000?
matt748
Posts: 5 Forumite
Hi,
My friend (I wish it was me) has £25,000 that he wants to invest/ put into savings. His main gripe is the amount of tax he has been paying on this money in his bank account.
Where should he put it? Tax free savings, shares etc.....
Any advice would be great.
Regards,
Matt
My friend (I wish it was me) has £25,000 that he wants to invest/ put into savings. His main gripe is the amount of tax he has been paying on this money in his bank account.
Where should he put it? Tax free savings, shares etc.....
Any advice would be great.
Regards,
Matt
0
Comments
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Get your friend to read Martin's articles on Savings (see link on the left).0
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Save or invest?
Is it better to earn 4% and pay no tax or earn 6% and pay 20% tax?
Tax shouldnt be the only driver but there are a quite a few thousand products/areas available which could suit. You havent given much to narrow the options down.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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