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Can you get 4% easily after tax? Even that's a bit tricky
Well, with these kinds of sums you're trusting things to a "Wealth Manager" who aims to get you >7% (highly dependent on your risk profile) for a fee that's in the 1-2% range.
I'm just wondering if anyone here has any experience of that and the figures they're seeing.
I'm not looking to make the investment decisions myself, paying someone who knows what they are doing 1% is a much better option.
Greenbank-
Right. Sorry, thought you were doing it yourself. Either way the manager needs to get you at least 5% after tax, otherwise you're paying them £5k a year for worse performance than plain old gilts (TG29/TN28?)
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paying someone who knows what they are doing
Yeah, they know what they are doing; taking your fee and adding it to.their sales target. And aggregate returns equals market returns minus fees.
Sorry, unhelpful reply. I really don't know what I'd do in your situation.
Edit: having thought about it a little, with a 4 year time frame I'd be looking at tax efficiency as others have said, and cash and fixed income for all or the vast majority of it.
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I'm just wondering if anyone here has any experience of that and the figures they're seeing.
Experience of getting better returns than that, yes, but not of using a wealth manager.
frankenbike
ChasnotRobert
frank9755
Can you get 4% easily after tax? Even that's a bit tricky
Low coupon gilts might be next best option as there's no CGT? Would get around 4% right?