- 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.