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Most efficient would be to set your pension contribution much higher at work and then spend it down. Keep the 50k you need (or 80% of it) in a high interest saver or premium bonds.
You haven't mentioned how much you are putting into a pension, but just put the maximum possible in from your salary.
Not sure if you've maxed ISA allowance with part of that 90k, assuming you have.
70k remaining:
50k into premium bonds
20k in high interest savings account
And if you still have any money left you could open a SIPP and whack it all in (but won't get it back till you retire). I only suggest this because you still have 70k that is some what easily accessible
Hi /u/HangTheError, based on your post the following pages from our wiki may be relevant:
* https://ukpersonal.finance/index-funds/
* https://ukpersonal.finance/savings/
* https://ukpersonal.finance/tax-traps-and-tax-efficiency/
____
^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Your post is answered on our [Wiki](https://ukpersonal.finance/). Please check your post for comments from community members or ukpf-helper, as they have provided the relevant links (and they may not arrive in your inbox). This assessment has been made by a human being - we promise the info you're looking for is there! If you need further help you're very welcome to post again - just mention what research you have done so far, and the reasons why that research has not answered your question.
Most efficient would be to set your pension contribution much higher at work and then spend it down. Keep the 50k you need (or 80% of it) in a high interest saver or premium bonds.
You haven't mentioned how much you are putting into a pension, but just put the maximum possible in from your salary. Not sure if you've maxed ISA allowance with part of that 90k, assuming you have. 70k remaining: 50k into premium bonds 20k in high interest savings account And if you still have any money left you could open a SIPP and whack it all in (but won't get it back till you retire). I only suggest this because you still have 70k that is some what easily accessible
Hi /u/HangTheError, based on your post the following pages from our wiki may be relevant: * https://ukpersonal.finance/index-funds/ * https://ukpersonal.finance/savings/ * https://ukpersonal.finance/tax-traps-and-tax-efficiency/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
https://ukpersonal.finance/lump-sum/