Best way to invest £35,000 in the UK?

Question

Any idea what the best thing is to put this money into? Am interested in property but already have a mortgage and house and at the moment don't think i'd be given any more debt to lever this money against. Any ideas please?!

Answer 1

In this day & age (recession), non-risk investment bonds or high-interest savings would be the best idea. Build up your funds until the financial climate is right & you've accumulated enough to fund your venture.

Answer 2

Pension. You're never too young to be planning for your old age. Most people I know are woefully underprovided for and will be living in poverty.Give it a think.

Answer 3

Leeds B.S. has just opened a new ISA(TAX FREE)at 12%.

Answer 4

Chelsea are 2/5 to beat Tottenham at stamford bridge on sunday.

Answer 5

It depends on lots of factors. Just some to consider are listed below:

> Are you looking for a safe investment?

> Are you prepared to take risks and how much risk?

> Are you a higher rate tax payer?

> Do you have existing debts?

> How long can you tie the money up for?

You already state that you have a mortgage. The best idea is probably to simply pay off 35k of your mortgage. It is highly unlikely that you will be able to invest it in a 100% safe product which will give you a better Net return than the saving you will make on interest payments. This is obviously dependant upon the terms of your mortgage but you should look at it first.

If you are looking to invest the money and want it to be safe but get a good return, then you need to consider your tax position. If you are a basic rate tax payer then a simple highstreet account paying good interest will do. If you are a higher rate tax payer then it is less simple. First thing to do in this case is to use up your £3600 cash ISA allowance for the year. Having done this, then you might want to look at NS&I index linked savings bonds. The interest rate doesn't look attractive but it is tax free and at 40% tax it becomes a good investment. You can invest up to 30k in index linked NS&I bonds.

If it is riskier, high return investment that you want, then you need to know what you are doing or hand the money over to a fund manager to invest for you. I guess that you are not all that experienced with investments otherwise you wouldn't be asking this question so the latter would probably be wiser. Beware, you will pay significant fees for the priviledge of investing in a managed fund and it will have to perform well just to break even after management costs.

If you don't expect to need the money for a long long time, then you might just pop 3.6k into a cash ISA and 3.6k into a self select shares ISA. Buy shares in blue chip companies and reinvest dividends with DRIP. In 5 years time you could have the entire 35k locked away in a tax free investment, growing income and capital.

Answer 6

I would invest it into a multi-manager portfolio, investing in retail if you're looking for long term growth or for short term gains I'd just monitor a few companies for a few days and go with your gut.

Private pensions are old hat, and are only any good for people not clever enough to realise the true potential of their investments, so avoid them like the plague.

Most providers would happily give you a Buy to Let mortgage of upto £175k so property is still not out of the question.

Answer 7

There is a great opportunity to invest at 8% APR (minimum) with no risk.

Feel free to email me at [e-mail] for more details.

Answer 8

Depends on how you view risk. If you are high risk, Unit trusts, if low, Bank account, if medium, somewhere between the two.

Answer 9

Bricks and mortar. At the moment houses are coming down in price. They will probably go back up.

Answer 10

how about swtizerland? take a look