So that is a broad title - but looking for some opinions.
I retired in January this year and sold my company and exercised my contractual notice during this calendar year so have maxed tax / pension contributions etc.
My pensions are in good shape and I don't need to draw them down for a while. For 2027/8/9/10 I am in the lucky position of not needing to work and can live on my reserves.
What is the best place to invest now that I effectively have no other income and want to maximise returns ?
Bonds - aware that gains and interest payments are fully taxed - but I can maximise my tax reliefs.
Shares ? How best to take gains tax efficiently ?
Other alternative investments ?
My wife is also retiring so we could easily spread investments across two sets of reliefs.
Any insurance products with decent returns ?
What brokers could deliver Bond investments at the lowest transaction fees ? Have dipped a toe with some bonds in Revolut but don't want to trust any one company with too much cash.
Do I need to go to a Davys or similar ?
I don't want to pay excess management or consultant fees - but happy to pay for security.
Would welcome your diverse opinions....
I retired in January this year and sold my company and exercised my contractual notice during this calendar year so have maxed tax / pension contributions etc.
My pensions are in good shape and I don't need to draw them down for a while. For 2027/8/9/10 I am in the lucky position of not needing to work and can live on my reserves.
What is the best place to invest now that I effectively have no other income and want to maximise returns ?
Bonds - aware that gains and interest payments are fully taxed - but I can maximise my tax reliefs.
Shares ? How best to take gains tax efficiently ?
Other alternative investments ?
My wife is also retiring so we could easily spread investments across two sets of reliefs.
Any insurance products with decent returns ?
What brokers could deliver Bond investments at the lowest transaction fees ? Have dipped a toe with some bonds in Revolut but don't want to trust any one company with too much cash.
Do I need to go to a Davys or similar ?
I don't want to pay excess management or consultant fees - but happy to pay for security.
Would welcome your diverse opinions....