Crosswords0 min ago
investment
3 Answers
Looking for best return on �250000. Not keen on stocks and shares as had fingers burned a few years ago.
Answers
Best Answer
No best answer has yet been selected by homer75. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Do you want immediate access to the money or are you prepared to tie it up for a longer period? If you want immediate access, I would look around on the internet for best savings account deals, but also ensure that you use up your �3,000 cash allowance ISA every year.
Are you a higher rate tax payer? If so and you want to reduce your tax burden, National Savings might be good option (Check out the NSI website).
Also, I don't know how old you are. Are your pension arrangements adequate and have you paid off your debts, and cleared your mortgage? If all these things are organised to your satisfaction, probably one of the best returns you can get is to invest in a buy-to-let property. However, even this is not 100% safe. If you really want to sleep peacefully at night, looking around for a best rate savings deposit account is possibley the best option, but be prepared to move your money around as most organisations now offer introductory bonuses, for 3 or 6 months, after which the interest rate drops.
Are you a higher rate tax payer? If so and you want to reduce your tax burden, National Savings might be good option (Check out the NSI website).
Also, I don't know how old you are. Are your pension arrangements adequate and have you paid off your debts, and cleared your mortgage? If all these things are organised to your satisfaction, probably one of the best returns you can get is to invest in a buy-to-let property. However, even this is not 100% safe. If you really want to sleep peacefully at night, looking around for a best rate savings deposit account is possibley the best option, but be prepared to move your money around as most organisations now offer introductory bonuses, for 3 or 6 months, after which the interest rate drops.