Ideally I would like to spend it on a bolt hole in central London but am conscious that amount of money would not go very far. Unless someone knows of any hidden gems or areas that we can consider. Ideally need to have good transport links to central London as we love going to the theater.
Having listened to many financial podcasts, I understand investing in a fund can give a good return. However, the trick is never to sell the fund as then you pay capital gains on it. If you don't sell, do you just live off the dividends? How do you actually get cash out of the fund?
We have spoken to a couple of financial advisers and although they claim to be impartial and not affiliated with anyone, I feel their goal is to sell you a product and I didn't have entire faitj that they were advising us with our best interest in mind.