25K to invest

Discussion in 'UK Finance' started by Jach, Oct 2, 2006.

  1. Jach

    Jach Guest

    Hi,

    What is the best way to invest 25k?

    Had it in a savings account from 02/08/06 to date.

    Rate: 4.65%.

    Just received (01/10/06):

    Gross Interest of 235.66
    Less tax deducted £47.13.
    Net interest received £188.53

    Surely I can do better than this and keep the tax to a minimum?

    Best regards,

    Jach
     
    Jach, Oct 2, 2006
    #1
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  2. Jach

    Tumbleweed Guest

    "Jach" <> wrote in message
    news:4521950b$0$24466$...
    > Hi,
    >
    > What is the best way to invest 25k?
    >
    > Had it in a savings account from 02/08/06 to date.
    >
    > Rate: 4.65%.
    >
    > Just received (01/10/06):
    >
    > Gross Interest of 235.66
    > Less tax deducted £47.13.
    > Net interest received £188.53
    >
    > Surely I can do better than this and keep the tax to a minimum?
    >
    > Best regards,
    >
    > Jach


    have you got a mortgage?

    --
    Tumbleweed

    email replies not necessary but to contact use;
    tumbleweednews at hotmail dot com
     
    Tumbleweed, Oct 3, 2006
    #2
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  3. Jach

    Miss L. Toe Guest

    "Tumbleweed" <> wrote in message
    news:...
    >
    > "Jach" <> wrote in message
    > news:4521950b$0$24466$...
    > > Hi,
    > >
    > > What is the best way to invest 25k?
    > >
    > > Had it in a savings account from 02/08/06 to date.
    > >
    > > Rate: 4.65%.
    > >
    > > Just received (01/10/06):
    > >
    > > Gross Interest of 235.66
    > > Less tax deducted £47.13.
    > > Net interest received £188.53
    > >
    > > Surely I can do better than this and keep the tax to a minimum?
    > >
    > > Best regards,
    > >
    > > Jach

    >
    > have you got a mortgage?


    NS&I http://www.nsandi.co.uk/ direct ISA will give you tax free 5.3% on 3k.
    (and another 3k on April6th. - total 12k if there is a mrs Jach).

    How long can you tie it up for.
    How often will you need access.
    How much risk/fun (if any) do you want to take (some/all) with it.
    Do you or Mrs Jach pay no tax.
     
    Miss L. Toe, Oct 3, 2006
    #3
  4. Jach

    Jach Guest

    Looking for short term really, max 12 months
    Would need some access
    Willing to take risks
    Willing to tie up some of the 25k for a longer period without access to it.
    We pay tax, however the 25k is mine and nothing to do with my partner (not
    married) :)
    We don't have a mortgage (yet, currently looking for our 1st home which will
    be mortgaged, 25k does not come into this equation).

    I have dabled in shares, good return on some during last 12 months, no so
    good on others.

    Advice is much appreciated.

    Thanks.
    "Miss L. Toe" <> wrote in message
    news:452222e1$0$97236$...
    >
    > "Tumbleweed" <> wrote in message
    > news:...
    >>
    >> "Jach" <> wrote in message
    >> news:4521950b$0$24466$...
    >> > Hi,
    >> >
    >> > What is the best way to invest 25k?
    >> >
    >> > Had it in a savings account from 02/08/06 to date.
    >> >
    >> > Rate: 4.65%.
    >> >
    >> > Just received (01/10/06):
    >> >
    >> > Gross Interest of 235.66
    >> > Less tax deducted £47.13.
    >> > Net interest received £188.53
    >> >
    >> > Surely I can do better than this and keep the tax to a minimum?
    >> >
    >> > Best regards,
    >> >
    >> > Jach

    >>
    >> have you got a mortgage?

    >
    > NS&I http://www.nsandi.co.uk/ direct ISA will give you tax free 5.3% on
    > 3k.
    > (and another 3k on April6th. - total 12k if there is a mrs Jach).
    >
    > How long can you tie it up for.
    > How often will you need access.
    > How much risk/fun (if any) do you want to take (some/all) with it.
    > Do you or Mrs Jach pay no tax.
    >
    >
    >
     
    Jach, Oct 3, 2006
    #4
  5. Jach

    Miss L. Toe Guest

    "Jach" <> wrote in message
    news:45222da0$0$16532$...
    > Looking for short term really, max 12 months
    > Would need some access
    > Willing to take risks
    > Willing to tie up some of the 25k for a longer period without access to

    it.
    > We pay tax, however the 25k is mine and nothing to do with my partner (not
    > married) :)
    > We don't have a mortgage (yet, currently looking for our 1st home which

    will
    > be mortgaged, 25k does not come into this equation).
    >
    > I have dabled in shares, good return on some during last 12 months, no so
    > good on others.
    >
    > Advice is much appreciated.
    >
    > Thanks.


    http://www.fsa.gov.uk/consumer/compare/index.html

    has a table of current savings rate options.
    I guess you know the risk/fun of putting some in shares .

    Using the 25k as a deposit on the home purchase sounds like a sensible
    option.


    > "Miss L. Toe" <> wrote in message
    > news:452222e1$0$97236$...
    > >
    > > "Tumbleweed" <> wrote in message
    > > news:...
    > >>
    > >> "Jach" <> wrote in message
    > >> news:4521950b$0$24466$...
    > >> > Hi,
    > >> >
    > >> > What is the best way to invest 25k?
    > >> >
    > >> > Had it in a savings account from 02/08/06 to date.
    > >> >
    > >> > Rate: 4.65%.
    > >> >
    > >> > Just received (01/10/06):
    > >> >
    > >> > Gross Interest of 235.66
    > >> > Less tax deducted £47.13.
    > >> > Net interest received £188.53
    > >> >
    > >> > Surely I can do better than this and keep the tax to a minimum?
    > >> >
    > >> > Best regards,
    > >> >
    > >> > Jach
    > >>
    > >> have you got a mortgage?

    > >
    > > NS&I http://www.nsandi.co.uk/ direct ISA will give you tax free 5.3% on
    > > 3k.
    > > (and another 3k on April6th. - total 12k if there is a mrs Jach).
    > >
    > > How long can you tie it up for.
    > > How often will you need access.
    > > How much risk/fun (if any) do you want to take (some/all) with it.
    > > Do you or Mrs Jach pay no tax.
    > >
    > >
    > >

    >
    >
     
    Miss L. Toe, Oct 3, 2006
    #5
  6. Jach

    Adam Guest

    "Jach" <> wrote in message
    news:4521950b$0$24466$...
    > Hi,
    >
    > What is the best way to invest 25k?
    >


    Try premium bonds. With that amount, you should win something every month.
    If you're lucky, you could get a fantastic return on your investment, and
    even if you don't, you'll have the fun of waiting to see what happens each
    month.

    Adam
     
    Adam, Oct 3, 2006
    #6
  7. Jach

    Jach Guest

    Thanks all.

    I think I'm going to max the ISA and put the rest in premium bonds at the
    end of October ready for the Xmas draw.

    Wish me luck :)

    Jach
    "Adam" <> wrote in message
    news:4522a6af$0$11073$...
    >
    > "Jach" <> wrote in message
    > news:4521950b$0$24466$...
    >> Hi,
    >>
    >> What is the best way to invest 25k?
    >>

    >
    > Try premium bonds. With that amount, you should win something every month.
    > If you're lucky, you could get a fantastic return on your investment, and
    > even if you don't, you'll have the fun of waiting to see what happens each
    > month.
    >
    > Adam
    >
     
    Jach, Oct 3, 2006
    #7
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