£25000 To Invest

[AniaBomb]

I have a shed load of cash to put in a savings account or premium bonds or whatever. Its £25000. Wheres the best place for it. I can lock in for a couple of years.

[sir.prize]

What an unusual place to put this question - Body and Soul category.

[marval]

I can give you my bank account details

[murraymints]

I'll look after it !!....isa....why pay tax.take advice..go to that Manny on telly..he's good whatsisname .Martin...??

[maggiebee]

Suggest you have a word with an Independent Financial Adviser. Not sure AB is the correct place to look for advice with such a large sum. Mind you, as plebet has said, there's always my bank account.

[furrypusscat]

Have you taken out this tax years Isa allowance. You could split it and do so much in Premium Bonds, possibly also a fixed rate 1 yr or 2 yr Bond, but remember you can't get at the cash unless emergency and then you would lose so much of the interest. I tend not to tie up for more than 1 year. Just my thoughts.

[vetuste_ennemi]

It's impossible to get a real return on it, AniaBomb. If National Savings are still doing their tax-free bonds you can stick £15k in there and get "inflation" (i.e.CPI) + 0.5%. The best ISAs offer 3+% if you hold for a year. Cash ISA allowance is £5,760 a year.

[AniaBomb]

I feel a bit better but is there not just one place where I can put it. I'd buy a property but the prices are impossibly high where I live.

[grasscarp]

As interest rates are not that hot at the moment, and assuming you dont already have over £5000 in premium bonds, I would put it all there. Then any wins you get will be tax free.

[1ndex]

If its cash and you pay into a bank or savings account, the tax office will Investigate

[AniaBomb]

I got life! Lol

[Sqad]

I agree with grasscarp.

Interest rates are rubbish.

Bang the whole lot in Premium Bonds.

[daisya]

You can only have 30K in premium bonds in one name. Am I right in thinking that it's 250K in question or just 25K?

[lcg]

You can give it to desktop so we don't have to listen to anymore fed up threads!

[LazyGun]

http://www.halifax.co.uk/savings/savers-prize-draw/

[daisya]

LOL lcg - if only....

[atalanta]

You don't have to buy property near where you live. If you can bear the constant repairs and redecorations, student lets are quite profitable.