I'm about to inherit 15 000 pounds, and i'm wondering what to do with it.
I'm in my 20s, and have neither significant savings (3000 in a cash mini
Any advice on what i should do?
My idea at the moment is to put it all in ISAs (over the course of a three years, keeping it in a normal savings account in the meantime) - half in a cash mini ISA and half in a stocks-and-shares mini ISA wrapping a FTSE all-share tracker. How does that sound?
Also, what's the tax position on stocks and shares ISAs? I'd assumed they were tax-free, like cash ISAs, but i read references to tax on them - is that just on the income, rather than interest? I'm not after any income, so that shouldn't bother me, right?
Baby got a masterplan. A foolproof masterplan.