What to do with 25k

Bassmansam

Bassmansam

Bassmansam

Soldato
Joined
22 Nov 2007
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Looks like age has finally beaten my grandad, he is 95 and been in hospital with talking/breathing problems. They have just diagnosed lung cancer. It’s sad but at the same time its a great age to live to.

He doesn't want any treatment which is understandable at that age.

Now, what to do with the inheritance, i already have a stocks and shares isa with isa with 2k in it. I’m thinking add 10k there. I have 3k of debt to pay so clear that. I want 3k in my current account just so that i’m comfortable. That leaves 9k, anything worth investing in? Or add that that to the stocks and shares isa?
 
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If you've not paid off some of the mortgage then that's an option with the current rises. The saddest thing is spending it on something that means nothing (most material objects). You could use it to further your education for example, even if that's a hobby. However I'd be tempted to look at reducing outgoings in the longer term.
 
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As the great Bender said.

"Black Jack and Hookers"

On a more serious note, Sorry to hear about your grandad, but 95 is damn good innings as they say! Are there maybe improvements that you could make to your house? this has a dual effect of well... making your house nicer for you to enjoy but also adding value to the property. Just a thought.
 
£25k happens to be a number i've used before on that topic...

cheesyboy said:
My preference would be something like a 90% IHT rate, after relevant costs of death and probate, and then give all people at 18 a £25,000 bond which can be cashed in for certain purchases (house, qualifications, business startup etc), or otherwise just money in their pocket at a later age cutoff.
Click to expand...
 
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