Safe-ish Investment

Premium Bonds? Husband & wife can have up to 60,000.

Depends on whether you need access to it, the charges you're prepared to pay and how long you're looking to invest.

Bank or building society Cash ISA for part each year Government bonds bought at inception, held till redemption National Savings guaranteed equity bond

Daytona

Government bonds bought at any time and held to redemption should be fine. I've never seen one with a -ve redemption yield, and even if there was, it doesn't make it any more risky, you know exactly how much you are going to lose.

A positive redemption yield may still involve a capital loss. Best to pick a redeemable stock standing below par.

Fine, the interest will make up for it.

Depends on your tax position and personal preferences.

In message , Terry Harper writes

Even if there is a higher (net) redemption yield available with a stock priced over 100?.

If you want to preserve your capital and take the income, yes. Gilts are not accumulation units.

In message , Terry Harper writes

Yes, but 'income' wasn't a requirement here. Just total return. (AIUI)

Thanks for the replies. It's given me something to start with.