A reader has come into some inheritance, and is deciding how to use it
to be answered by our expert, Charlotte Ransom. Charlotte has 30 years’ experience working in financial services and wealth planning, including 10 years as a partner at Goldman Sachs. She co-foundedand as I won’t retire for around 20 years, I might put down a deposit on an investment property to generate rental income. But I’ve also read that putting money into a pension will produce better long-term returns.
A financial advantage can also extend across generations since a pension is typically exempt from inheritance tax. This can have profound consequences for those who may benefit from money you leave behind when you die. Investing in property alone means you rely on a single-asset class for returns and growth – a potential challenge as the latest figures from Nationwide show that property prices have fallen around 4 per cent since the summer of 2022.
Setting aside the potential anxiety that comes from keeping a number of plates spinning, we can objectively examine which of the two routes – property or pension – might be a better choice for you to invest your £55,000 inheritance.
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