Exciting inheritance! How to hold it?

[Lionessadmirer]

My lovely uncle has left me and my two brothers £450k each after inheritance tax (we have just sent off IHT400).

For my brothers this is life changing. And it means I won’t have to support them financially.

My husband and I have a specific long term financial ambition to do with our house. But until the time comes to action that, we don’t need the money. We are both busy working full time.

my uncle self-invested nearly all his money via hsbc and ii. Given what I say above, is the sensible thing to do the same?

lastly, how should isas be used here please?

thank you and please raise a glass to our uncle who lived well and died content.

Environmental benefits - Vat on fuel is used to encourage the reduction of energy consumption. It really isn't a new thing to tax undesirable behaviour, more visibly they do it with alcohol, cigarettes. When I quit smoking many years ago it was due to cost and thoughts about what else I could spend that money on (probably alcohol 😂) - I was too young and reckless to care about my health.

Correct me if I’m wrong but I don’t believe in any of my posts that I’ve said raising tax rates encourages spending. I’ve only ever referred to changes in taxation being used to change behaviour. You’re the one talking about increasing VAT.

VAT was lowered during Covid for hospitality to encourage spending.