Where to invest 300,000?

[paperclip]

We're thinking of selling a holiday home, I'd estimate 300,000k

This would be my mothers retirement fund.

Few questions.

What sort of CGT would be owed?

Where would be best to invest/save the money?

Cheers

 

[LDFerguson]

I'm not an accountant but I know that to get an answer to the CGT query, you'd need to state how much was the property bought for and when.

You'd also need to provide a lot more detail on whether or not your mother would have the capacity / need / appetite to take risk in return for the potential of a better return.

 

[paperclip]

I'm not an accountant but I know that to get an answer to the CGT query, you'd need to state how much was the property bought for and when.

You'd also need to provide a lot more detail on whether or not your mother would have the capacity / need / appetite to take riskin return for the potential of a better return.

Cheers. Don't know the info off hand for the CGT, prob best we talk to a tax advisor.

For investment/savings, not high risk.

I haven't had a look at deposit accounts in years, just checked on here, they look pretty bad, < 1% for 5 years!

Is that really the best option for a large lump sum?

 

[LDFerguson]

Yes, I think a chat with an accountant or tax advisor would be worthwhile. Sums involved are substantial so you don't want to miss any possible reliefs.

I presume you had a look at the Best Buys here on Askaboutmoney. Takes in State Savings products as well as bank accounts. In the absence of background information, I'm going to ignore other options, e.g. pay down debt, give gifts to avail of tax-free gifting, making a pension contribution etc. Just looking at the question as asked. If she wants the potential for a return greater than deposit rates, she has to accept some level of increased risk. Doesn't necessarily have to be high risk. Could be with a portion of the overall sum - the bit she's unlikely to spend in the next 10 or 20 years etc.