Best way to invest

[Jennybeans401]

I've been saving for a few years due to my earnings increasing. I've also been gifted a large sum and now I'm looking to invest.

How will I gain the most interest? Have had ISAs in the past but there are low rates of interest now.

Actually, cash ISA interest rates are still pretty good - there are a few still doing 5%. So bunging some in one of those would be a good start.

Then.work out a financial plan. You need some emergency funds, general easy access savings, and then you can think about locking some away for long term investment.

For money you won't need for at least 5 years, investments tend to do better than savings. So add a stocks and shares ISA (you can pay a max of £20,k a year into ISAs, and only 1 of each type per year) or pension. The latter is the most tax efficient for most people, but least flexible.

Thank you!! I'm going to look into this.