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£10k to invest for non tax payer

3 replies

Pipsqueak11 · 17/06/2017 08:13

Dd inherited £10k and is looking for best place to save it for medium term.she will probably want to access it in about 5 years when she buys a house . Looking really for any advice as its not really enough to warrant going to a financial advisor.
Only criteria is she doesn't want to risk it .
She is a non tax payer at the moment but will start work in about 2 years . Can any of you savvy mnetters help?

OP posts:
Firewall · 17/06/2017 08:18

Start with a LISA. Lifetime ISA that will give her additional 25% when she takes the money out to buy a house.

Pipsqueak11 · 17/06/2017 08:31

Excellent thank you.I have never heard of those . I will look on mse website now I know what I'm looking for!

OP posts:
mintbiscuit · 17/06/2017 12:25

Yes to LISA! Government matches contributions by 25%. Only the conts. Not interest grow etc. Gov bonus is paid yearly I think. Not on way out.

Very few providers are offering one though.

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