Making the most of your money should be a priority. Here are a few things to think about if you have inherited some money and would like to save or invest it:
- Should I 'save' or 'invest'?
Whether to save or invest depends on your circumstances, how long you can afford to leave your money and your attitude to risk. Read ‘what is saving and investing’ to find out more. - Could I lose my money?
Your attitude to risk is one of the factors that will determine where you should put your money. If you take a risk with some of your money by investing in assets that could rise or fall in value, there is no guarantee you will make a return on your investment or even that you will get back the same amount you invested in the first place. Read ‘risk and reward’ for things to consider. - How long would I have to leave my money invested?
Generally, the longer you can leave your money, the higher the returns could be. If you want to invest some money in the short term, lower risk options are usually more suitable. Try our investment calculator to see how much your money could grow. - Where should I put my money?
You can put your money into different ‘asset classes’ - cash, fixed interest, property or equities. Read ‘asset classes’ to find out about each, then read on to help you to choose a product to invest in.
What next?
If you’d like to find out more about what to do, you can either follow the link at the bottom of the page or, if you prefer you can use the links and tools on the right.
