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From your reference to the ability to park 150K in PBs you obviously have additional adults
One child so she can hold £50k of Premium Bonds too. Perfectly legal. Just have to cash out before she's 16yo otherwise she gets complete control (just checked this as I'd assumed it was 18). (It'd be slightly less than £50k in her name as she already has some PBs with money she has been given, that's not mine to fuck around with.)
As you say, ISAs could help with another 3 x £20k (or 6 x £20k if I keep a chunk for after 6th April 2025) but there would still be more than half of the lump left to deal with.
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.
Yes, that's what I'm saying too. I was asking if anyone has any specific advice/experience (especially with any "wealth management") rather than general "stick it somewhere that's tax efficient" advice.
No problem if no-one has any, didn't expect it and I may not end up in this situation but I'd like to have a better understanding of things in case I do.
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Greenbank
@user116219
Whenever I’ve had to park a lump sum for a while in the past I’ve been lazy and used whatever Martin Lewis is highlighting as best option, ensuring to stay under the 85000GBP FCSC cap with any institution , but with the sums you are talking I guess there’s more incentive to squeeze additional incremental fractions of percent of interest out of it.
From your reference to the ability to park 150K in PBs you obviously have additional adults (or fake IDs) that you are able to use allowances for, so maybe pushing 60K each year into cash ISA with best rates is one part of tax minimisation strategy.
I know someone who had a conversation with a wealth management company about handling a similar sum so I’ll see what advice they got if they are happy to share