Your questions answered
Finance
Expert: Steve Kember
Steve Kember has held senior roles in financial institutions, including The Cooperative Bank. His company manages £25m in funds and advises over 300 clients on wealth management.
Question:
I have recently retired and have received a tax free lump sum from my pension plan. What is the best way to invest £100,000? -PW, Cottam
Answer:
If you want the best way to invest £100,000 then a start is to identify the amount of cash you need to retain on deposit that will provide you with peace of mind. A rough guide is three months outgoings. You can then consider tax efficient investments such as ISAs. You are likely to still have monies available for investment and the choice of the most suitable investments will depend on other factors, such as your tax position. If you want the best way to invest £100,000 then you should consider investing for the medium term i.e. 5 years plus and spread your money over a number of different asset classes to help manage investment risk. Beyond that it is important to regularly review your investment portfolio to ensure it reflects both your personal circumstances and the prevailing economic conditions. Ring Steve for more help during office hours on 0845 094 9025.
Other questions answered by Steve Kember:
I have a Personal Pension and considering retiring - do I need to buy an annuity from my pension provider?
Click here to read answer
What is the best way to invest £10,000 in the current financial climate?
Click here to read answer
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