chopinfried

[email protected]

?>

2025-02-15 17:15:30

How to manage £160,000 for elderly parents?

It's not really possible to offer anything meaningful without knowing their full financial position, goals, risk tolerance and so on.

1739642985
The following are in ISAs: £30K in Artemis High Income Class I - Monthly Income (GBP) and £40K in Legal and General International Index Trust - Bi-annual Income (GBP).

1739644646
First thing they need to do is set up a power of attorney in the event of health or ageing problems. Max out any savings into ISAs. You could do 2 x£20k now and the same in April to avoid paying income tax. Do another 2x£20 K into ISAs next year.

1739643294
I wasn't very specific it seems. I'm really asking about the actual investments rather than PoA and ISAs which are both in place.

1739644536