i have a pension that i no longer pay into and im looking to take money out and put somewhere else


time i pay the penalty charge it will be about 7k


where would be the best place for good return?


was thinking of putting 3k in a isa this tax year and 3 the next, then without telling the misses losing the other grand on me car


what ya reckon? or should i look into something else

 

7k is the limit for a maxi ISA but if you want to stick to cash then yea, I'd do what you said. Mini cash ISA now and another after April 6th.

Personally I'd go with a maxi ISA with 3k in cash and the rest in a sensible stock and shares fund.

 

ISA's are good.

Premium Bonds aint too bad if your number comes through, depends how long you are thinking of leaving the money though as with Premium Bonds you wont get interest, so say if you leave it 10 years what is the Pound worth then compared to now.

 

That's the trouble with premium bonds, whilst they are very secure you are gambling on actually winning something to make any money and as you say, inflation will reduce the buying power of your capital.

I know a few people with the maximum 30k in premium bonds and they do win fairly regularly though.

I've never won a penny but then I don't have 30k's worth

 

its money that i couldnt really get to before so will not need to touch it


have money other places if needed


just looking for a good return as me pension would not be worth sod all

 

just been lloking and found that northen rock are doing 4.6% anyone know if any company is beating this



think i will do the maxi isa then


thanks chaps

 

Try Norwich Union.

They do not charge for an Advisor to come and visit you like some places, he makes notes of your circumstances and comes back with ADVICE, up to you wether you follow his words or do your own thing, but all it costs you is a phone call and 2 cups of coffee to listen to some guy who has more insight into that field than alot of people.

 

They'll be getting plenty of commission though

 

But you dont have to follow their advice or use them

 

People who waste advisers time like that sicken me

 

I got an isa very good and bonus 60 with nationwide is good, have both and pretty pleased