How can I invest my money

[ajouve]

Hi !

I am getting the minimum salary each month £671.67 and I already reach the Higher rate (32.5%) on dividend.

I know nothing about investment, do you have any advice ?

I'd like to have a pension but I can't really find informations or good offers about that

Thanks

Antoine

[Fred Bloggs]

First port of call is to read the free guides available at places like Hargreaves Lansdown, theirs are very good and cover all aspects of investing, pensions included.

[Support Monkey]

First port of call is to read the free guides available at places like Hargreaves Lansdown, theirs are very good and cover all aspects of investing, pensions included.

I second that, do it yourself there is much information on their site, easy to setup and easy to manage

[missinggreenfields]

How can I invest my money

Linton Hydro looks a good bet at the moment.

[CompulsiveArsonist]

You can put money into a pension, what this does is defer the tax that you were due to pay if you wanted to use that money right now. By freezing the tax you have more to invest, which after 25-30 years could mean that your pension provides you with more income.

This is a long term investment, you may never get to benefit from your pension or there could be future tax changes which mean your pension is worth less.

What kind of time frame are you looking at? I was thinking of using my retained profits to fund commercial property development projects, but I haven't spoken to my accountant about it. Aside from Capital Gains Tax I don't see any disadvantages, if 3-4 contractors could club together, buy a building e.g. a disused pub, convert it to flats and then sell them that could be a decent investment.

[VillageContractor]

You can put money into a pension, what this does is defer the tax that you were due to pay if you wanted to use that money right now. By freezing the tax you have more to invest, which after 25-30 years could mean that your pension provides you with more income.

This is a long term investment, you may never get to benefit from your pension or there could be future tax changes which mean your pension is worth less.

What kind of time frame are you looking at? I was thinking of using my retained profits to fund commercial property development projects, but I haven't spoken to my accountant about it. Aside from Capital Gains Tax I don't see any disadvantages, if 3-4 contractors could club together, buy a building e.g. a disused pub, convert it to flats and then sell them that could be a decent investment.

I'm in! Could I borrow a few quid tho

[CompulsiveArsonist]

I'm in! Could I borrow a few quid tho

I know you are joking but I don't see why this couldn't be viable, set up a new Ltd company with 5 shareholders specifically for this, 20% each. Each contractor lends money from their contracting ltd co (e.g. £200k) to this new company as an inter-company loan. Buy a suitable site and develop it, sell the completed development and liquidate the company, redistribute profits and repay back the loan to your contracting ltd co.

Yes there is capital gains tax to pay, but if the money is sitting around doing nothing you will at least get some return on it.

Disclaimer, I am not an accountant

[GillsMan]

Put it all on black. Double your money.

[MrMarkyMark]

Put it all on black. Double your money.

Don't listen to him...

Put it all on red. Double your money.

[Lance]

Don't listen to him...

Put it all on red. Double your money.

They know nowt.
Put half on black, half on red that way you'll double half your money.