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'I need £40,000 a year – how should I invest my £560,000 cash pile?'

Portfolio Clinic: Our reader has a huge amount of cash but needs to invest it quickly and retire in two years. Our experts look for the right strategy to generate income and cut tax
December 1, 2023
  • Our reader wants to move house, retire and invest a huge cash lump sum in a short space of time
  • His current investment portfolio is not right for retirement income
  • Is there a right way to tax-efficiently invest his cash in the right investment strategy?
Reader Portfolio
Edward 62
Description

£950,000 spread across cash, bonds, Isas and pensions

Objectives

Invest cash savings, overhaul portfolio, generate retirement income

Portfolio type
Investing for income

Investing a lump sum is always difficult. There is timing to consider, knowing where to keep the cash, and finding the most tax-efficient way to buy shares and funds. Add in an approaching retirement and buying a new home and you’ve got yourself quite a conundrum.

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