It is looking very likely that I will have to leave work and go on Carer's Leave for the maximum allowed 2 years. I would get Carer's Benefit but after 2 years that would cease and I'd either be returning to my job (public service) or resigning. Need to plan for the latter scenario.
Luckily, I have a modest lifestyle so don't need much income. 12k per year net would do me. If I could generate close to that from dividend payments etc., I'd be delighted.
Financial situation at the moment is as follows:
No debt.
Live with the person I am caring for in their house which I will inherit.
820k State savings.
95k (tut tut!) in current account.
Investment property worth about 200k that I would sell, no CGT.
Investment trusts would seem to be a reasonable option for investing the property proceeds plus current account funds.
Obviously, I would need to do my own research (which would include reading other threads on AAM) but would anyone care to discuss in this thread. Any discussion on the tax implications and the practicalities of investing ~300k in investment trusts would be welcome.
Thanks
Luckily, I have a modest lifestyle so don't need much income. 12k per year net would do me. If I could generate close to that from dividend payments etc., I'd be delighted.
Financial situation at the moment is as follows:
No debt.
Live with the person I am caring for in their house which I will inherit.
820k State savings.
95k (tut tut!) in current account.
Investment property worth about 200k that I would sell, no CGT.
Investment trusts would seem to be a reasonable option for investing the property proceeds plus current account funds.
Obviously, I would need to do my own research (which would include reading other threads on AAM) but would anyone care to discuss in this thread. Any discussion on the tax implications and the practicalities of investing ~300k in investment trusts would be welcome.
Thanks