1. Home
  2. UK Finance Discussions
  3. Require 100 pounds/month from an investment

Require 100 pounds/month from an investment

My wife and I are British citizens living overseas. My mother-in-law (still living in Britain) requires a further 100 pounds/month in order to make ends meet. We are prepared to set up an investment in Britain to acheive this sort of income for her, but we have been away for so long we really have no idea wha might be the best option in these circumstances. Any ideas on what might be the best investment to generate monthly (or at least quarterly) income payments would be appreciated.

Sincerely... Lawrence....

Reply to
lagagnon
Loading thread data ...

Partly depends on what sort of risks you are prepared to take. There are various ones paying around 10% at the moment and although they are not

*very* risky they are not risk-free (corporate bond funds).

Rob Graham

Reply to
robgraham

It also depends on how much capital she has (or how much you have, if by "we are prepared to set up an investment" you mean you'll put up the capital).

It *might* be that the best option is not to set up any investment at all, and just have her spend £100 of her capital each month / have you transfer sums to her.

The amount of risk you/she is prepared to take is important, but you also might have to consider her tax position (both during her lifetime and on death), your tax position and the rules in your country (if you will be putting up the money), exchange rate risks, charges, etc.

Reply to
Mouse

Between 50K and 60K in Premium Bonds should result in that income.

Reply to
Kurt Ayrez

Not exactly regular income though.

With that sort of capital, might as well just spend it: £60K provides £100/month for 50 years. Of course there'll be nothing left at the end, but that might only be of concern to the daughter.

Reply to
bartc

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.