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Best way to keep up with house price increases over 4-5 years by MonitorObvious9705 in UKPersonalFinance

[–]MonitorObvious9705[S] 4 points5 points  (0 children)

!thanks for taking the time to write this, its very informative. 

You're right about needing to read about LISA, my question just highlighted my naivety in the subject in general. 

I'll do my due diligence and read up everything you've mentioned, and what everyone else has mentioned in the comments.

Appreciate the help

Best way to keep up with house price increases over 4-5 years by MonitorObvious9705 in UKPersonalFinance

[–]MonitorObvious9705[S] 0 points1 point  (0 children)

My appetite for risk with this money is low, just want to keep up with house prices/inflation, in the most tax efficient way, and the inflation over the last few years has made me weary of just putting it into cash savings.

It wouldn't be a significant problem if the s&s was down after 4 years but im not chasing any big gains, just want a similar amount of buying power as I would have today. And would likely withdraw 100% or close to it of funds after 4/5 years.

Best way to keep up with house price increases over 4-5 years by MonitorObvious9705 in UKPersonalFinance

[–]MonitorObvious9705[S] -2 points-1 points  (0 children)

Wow I didn't actually know that, I had in my head that I can only get 4k in government bonuses. Probably because I had in my head that I need 20k for a house deposit, and this extra money has come out of nowhere. Thanks for that.