Ducati Sporting Club UK > General > Idle Chat > Where would you invest £140,000 - Serious question

[domski]

Originally posted by ali
If your mum trusted you and Dan enough to open an ISA each using the money then you'd get three times the tax allowance meaning £21k could be invested tax free. (I think, may well be some issues with doing this that I don't know about).

Cheers,

Ali

Thanks Ali

I did suggest to her that we do that with Premium Bonds (£30,000 max allowed each). Statistically, people with the maximum amount of bonds will win 15 times a year (from £50 upwards), so with 3 x £30,000 she could win 45 times a year, and can get her money back at anytime with no notice.

Half of it will be mine one day anyway, may as well start with a 3rd of it now eh!