Viewing 21 posts - 1 through 21 (of 21 total)
  • What would you do with £ 28000 to invest
  • nosherduke996
    Free Member

    I am fed up with getting no interest on savings at the moment so what is the best way to make money with £28000 to spend?

    footflaps
    Full Member

    Stick £15k in a share ISA. Shove the rest in a pension, on which you’ll get back 20/40% depending on your tax bracket.

    CaptainFlashheart
    Free Member

    and

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    ssboggy
    Full Member

    Coal and some rugby players?
    😉

    hammy7272
    Free Member

    Pension

    footflaps
    Full Member

    If you shove £28k into a SIPP you’ll get back up to £18.7k in tax rebate (half that if you’re only paying tax at 20%). You can then get N years cumulative gains from share price rises / dividends and at 55, take 25% tax free.

    esselgruntfuttock
    Free Member

    Go & see an advisor of some kind. My nephew’s just made us 3k by moving some dosh from somewhere to err…somewhere else. (Dunno the in’s & out’s cos the missus does it all)

    midlifecrashes
    Full Member

    Can you get a 70s 911 for that money, or some fast Fords: Mexico, RS2000 etc?

    garyfisher
    Free Member

    The answer depends on the rest of your situation. Pay off debts first, then decide how long term any remaining can be invested for. SIPP for longest term then maybe shares in an ISA for 10 years+.

    dirtyrider
    Free Member

    you’ve wasted you life if you’ve managed to save up £28k and its not been inherited, go live

    mattsccm
    Free Member

    Buy something that you like and will make money. Might I suggest grandfather clocks or classic English shotguns.
    That way the tax man won’t know when you sell it in your retirement.

    footflaps
    Full Member

    you’ve wasted you life if you’ve managed to save up £28k and its not been inherited,

    Not unless you’ve already sorted a pension….

    br
    Free Member

    Whatever you do, be aware that any money you put into a pension you won’t be able to touch.

    Also only ‘invest’ if you can afford to lose it – otherwise it’s ISA’s etc.

    Jujuuk68
    Free Member

    Small unit and a micro brewery?

    Run as a weekend business and see if you can make something fantastic people want to drink.

    Sell to Inbev for £5m in a few years.

    wilburt
    Free Member

    deposit on a buy to let property.

    tomkerton
    Free Member

    Premium bond whilst you think about it. Might make alot.

    bear-uk
    Free Member

    20K in a Santander 123 account gives you 3%
    Then not sure about others but
    Nationwide, Lloyds, TSB. Give good returns for less money.
    Use 2 Tesco savings accounts for any Direct debits so that your money says in your system.
    Simples.
    As per Moneysavingexpert.com

    BiscuitPowered
    Free Member

    wilburt – Member
    deposit on a buy to let property.

    15 or so posts before someone suggested bricks n mortar. How times have changed!

    sofatester
    Free Member

    Pay off debts first

    This.

    Then take a few nice trips to places you’ve always wanted to visit.

    Whatever is left after that can be put towards something dull and sensible.

    mikewsmith
    Free Member

    Speak to a financial advisor with all your circumstances laid out all stw will do is advise on what might work for them…

    wilburt – Member
    deposit on a buy to let property.

    property will always go up even if there are no new first time buyers to get into the market…

    trail_rat
    Free Member

    “Premium bond whilst you think about it. Might make alot.”

    Well i don’t have anywhere near 28k in premium bonds but i have won 5 months out of 8 this year totaling 600quid.

Viewing 21 posts - 1 through 21 (of 21 total)

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