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Best place to save £50,000

Last post Thu, Jun 19 2008, 3:32 PM by maxsteam. 1 replies.
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  •  Thu, Jun 19 2008, 3:32 PM

    Re: Best place to save £50,000

    Yes, you should certainly use up your allowances for ISAs - cash and stocks & shares - up to £7200 in total this year. The rest can be invested in a savings account with a bank or building society that you know and trust and, depending on your attitude to risk, you can put some into an investment trust or unit trust. It's worth investing a couple of pounds in a fanancial magazine (I like the Investors Chronicle) and doing some reading.
    • Post Points: 5
  •  Thu, Jun 19 2008, 11:33 AM

    Best place to save £50,000

    I've recently recieved a lump sum of money, £50,000. Could anyone advise me where would be the best place to save it, somebody mentioned an ISA but i'm not sure exactly how they work, I thought they were capped as to the amount you could put in?

    Any advice appreciated.

    Thanks

    • Post Points: 20