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  • Have I understood this correctly from reading the last couple of pages that, basically, if you have a lot of cash in savings (ie much more than your ISA allowance) then it’s quite difficult to maintain its value and make it grow in relation to inflation, particularly if you’re a higher tax rate payer? What are the best things to do when you’re sitting on a lump sum like that? Asking out of interest and I guess for the benefit of the younger members who might be sitting on a lump sum like inheritance or for house deposit etc.

  • I think the short time frame is the main issue. If you want decent returns averaged out over a number of years and flexibility on when you take the money that should be more achievable.

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