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Options for 5 - 10 year savings?

1 reply

Random63638 · 17/04/2021 08:57

Can anyone give me some ideas of what I could look at for depositing regular monthly payments totalling £5k per year for 7 years. I'd like it to be available at the end of that period or drawing down gradully from 7 years to 15 years.

In case it makes any odd this it future savings for school fees from age 11 for DD who is now 3. If we decide school is not worth paying for the investment would be held longer and go towards uni/house buying/retirment Vegas blowout.

I don't use my ISA allowance so thinking stocks and shares, but I don't understand how to transition out of that to minimise loses at the end (if applicable).

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nannynick · 17/04/2021 12:47

With gradual access, S&S ISA would be appropriate. When you are close to needing the money you could reduce the risk of some of it by moving some to a lower risk fund or even moving to cash.
A two year period might be used during which you pay close attention to the performance of the investment and pull some off to cash at times when the market is high, not low.

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