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[Closed] What would you do with £ 28000 to invest

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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?


 
Posted : 09/08/2015 7:31 pm
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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.


 
Posted : 09/08/2015 7:33 pm
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Posted : 09/08/2015 7:38 pm
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Coal and some rugby players?
😉


 
Posted : 09/08/2015 7:46 pm
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Pension


 
Posted : 09/08/2015 7:48 pm
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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.


 
Posted : 09/08/2015 7:53 pm
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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)


 
Posted : 09/08/2015 8:18 pm
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Can you get a 70s 911 for that money, or some fast Fords: Mexico, RS2000 etc?


 
Posted : 09/08/2015 8:21 pm
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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+.


 
Posted : 09/08/2015 8:27 pm
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you've wasted you life if you've managed to save up £28k and its not been inherited, go live


 
Posted : 09/08/2015 8:27 pm
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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.


 
Posted : 09/08/2015 8:43 pm
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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....


 
Posted : 09/08/2015 8:53 pm
 br
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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.


 
Posted : 09/08/2015 8:55 pm
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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.


 
Posted : 09/08/2015 8:59 pm
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deposit on a buy to let property.


 
Posted : 09/08/2015 9:10 pm
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Premium bond whilst you think about it. Might make alot.


 
Posted : 09/08/2015 9:56 pm
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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


 
Posted : 09/08/2015 10:00 pm
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wilburt - Member
deposit on a buy to let property.

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


 
Posted : 09/08/2015 10:04 pm
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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.


 
Posted : 09/08/2015 10:07 pm
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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...


 
Posted : 10/08/2015 6:10 am
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"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.


 
Posted : 10/08/2015 7:55 am