What is the best way to invest £20,000?

Question

I am a higher rate tax payer. I know about share ISAs and the like but what will give me a better return ? Is Premium Bonds such a bad idea ? I don't need a monthly income from the money, it is surplus to my living.

Answer 1

assume you have a pension at maximum contributions if not that's a good way to go especially if you can set up a self administered fund and channel money through it, get the tax back and buy property with rental and capital appreciation potential.
Emerging market tracker funds are probably a decent bet also especially those focussed on China and Russia but not India where the markets are a bit becalmed.

Answer 2

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Answer 3

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RE:
What is the best way to invest £20,000?
I am a higher rate tax payer. I know about share ISAs and the like but what will give me a better return ? Is Premium Bonds such a bad idea ? I don't need a monthly income from the money, it is surplus to my living.

Answer 4

Best Way To Invest 20000 Pounds

Answer 5

Premium Bonds with-out a doubt at the moment, get them in before the end of this month (oct) and you will be entered into Decembers draw, leave them in until next July and see how you do, if poor return you can then get ALL your money back and re-invest elsewhere.

In the mean-time, there are FIVE million pound prizes on Premium Bonds in December AND June (or could be July) next year, plus extra prizes as well.

Where else can you invest your £20,000 for a tax free return, stand a chance of being a millionaire, and if it all doesn't work out for you, still get ALL your money back?

Answer 6

I'd invest in shares, but in green economy - alternative fuels, fuel cell technologies, recycling companies and suppliers, and even plain old rubbish collectors (Biffa, Onyx and the like). Having said that don't go wild, invest mainly in companies with current profits, and pepper it with the higher risk ones, that have potential than profits. Key in investing is knowing when to sell. Personally I think this sector offers the best for capital growth over the next 5 years and most of my personal investments are in this sector. BUT always do your homework.

Answer 7

Premium Bonds are a safe option - although of course with no guaranteed payout. Of course with GBP20,000 invested you should, with average luck scoop 8-10 prizes per annum (based on 24,000-1 odds of a bond being drawn).Winnings are tax free and you can surrender the bonds at any time.

Answer 8

Since you don't need a monthly income from the money, why not send it to me and I'll give you an annual return of 50%. I'm serious you know.

Answer 9

Premium bond are doing hundreds of extra draws over xmas so while you are deciding i would definatly put the in premium bonds until you decide or until feb. I have done this myself as it is risk free and i can get my money back out whenever i need it. You can do it on the net or at the postoffice.
Good luck.

Answer 10

12 monkeys is right, give him ten points. Use the 20 grand as a deposit for a property, get a mortgage for the rest. Enjoy capital growth & rental income too.