Thats what there're there for, a sort of protection racket;!...
Some sort of witchcraft then;?...
I'd say around 10 K odd..
But I suspect a few hereon do have property investments which are more value being rented out and most all of the time are appreciating assets....
If you entered into the agreement before the rules changed then the old rules still apply.
future
aversion,
Not really the long term, > 5 years, trend in the markets is upward some times not a lot, sometimes considerable. The hard bit is working out where you are happy far as risk v return is concerned and what spread of investments to utilise to match that risk/return profile.
You may be happy to put £5k into a rather risky investment that could double in value year on year. Perhaps the bulk is then in something that has a good fund manager and a track record of returning at the upper end of it's sector. The maybe another significant amount in bonds or gilts, some perhaps fixed term.
The important thing to do is to regulary rebalance the portfolio. A year on that 5k risky investment is now worth 10k, you don't want to lose that. So realise 5k of it and move that cash into the lower risk but also lower return part of the portfolio.
This is part of what a decent IFA does.
money"?
Only two responses, everyone waiting for everyone else?
£10 k wouldn't last 6 months even with our frugal life style, we eat and keep warm but there is very little "disposable income" after the bills have been paid. We don't smoke, drink, eat out, have holidays...To me a serious amount of money starts to kick in at about £100k. ie an amount that could generate an income of a few k/year without erroding the capital below inflation but might be a bit risky.
Around here they just buy house and rent 'em out;!..
I thought that original question meant how much could you lay your hands on if needed like now?..
Yes around that ..
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