Re: Advice required: 'Lump sum' investment.

>>An elderly family member has recently sold their house and moved in with
>>another relative. What is the best way to invest the £140K+ generated by
>>the
>>sale of the house? Is it best to place in into one or several accounts?
>>Can
>>anyone advise on the 'best' companies to invest with in these
>>circumstances?
>
> How old is she? Does she want any income or just capital growth? Does she
> have any other savings? Does she wish to retain the right to immediate
> access to some (if so how much) or all of the dosh? Can she accept any
> degree of capital fluctuation (even if for only part of the money) that
> one would associate with the Stock Market?
>

He's 91. Just capital growth. Only a minimal amount of other saving (£5-10K
tops) Immediate access to some, approx £10K would be advantageous. No
necessity of Stock Market is required.

>>What is the best way to prevent the family being taxed on these funds
>>if/when the relative passes away.
>
> If that is all she has or her total assets at time of death do not exceed
> the threshold for IHT (currently £275000) and if she hasn't given any dosh
> away during the seven years before her death then there will be no IHT to
> pay on her death.

He would therefore fall below the threshold, thank for this advice.

Paul.


.

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