Ways to invest your inheritance
Important information - the value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP or ISA and tax treatment depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP/Junior SIPP until age 55 (57 from 2028). Withdrawals from a Junior ISA will not be possible until the child reaches age 18. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Inheritance planning
It's easy to fritter away an inheritance if you don't have a plan. But, if managed carefully, an inheritance has the potential to make a real difference to your - or your child's - future.
Here's what we'll cover
If you're thinking about investing your money to make it work even harder, take the time to weigh up your options.
If you have complex needs, you might like to speak to a financial adviser who'll be able to give you a personal recommendation and may bring you peace of mind. Call us on 0800 058 4443.
Things to ask yourself
It's important you feel comfortable about what you do with your inheritance. These questions should give you some food for thought.
- Are you in debt? - Do you have any loans, credit cards or a mortgage to pay off?
- Do you have cash savings? - Aim to keep some savings for a rainy day or emergency.
- What are your goals? - What do you need money for? Now? What about the future?
- Keeping all of your inheritance? - Do you plan on using all of your inheritance or will you pass any of it on? Whether that's in the future or sometime soon.
- Thinking about investing? - Are you wondering about the benefits of investing your inheritance and want to know more?
- Looking for financial advice? - Have you thought about financial advice? Knowing that you're making the most of your inheritance can help bring peace of mind.
- What about your own estate? - Receiving an inheritance can cause new unconsidered inheritance tax challenges for your own estate. Do you need to rethink your beneficiaries, executor and who gets what and when?
People invest for all sorts of reasons. But one of the main reasons they invest is to put any spare money they might have (above and beyond any money they've saved for a rainy day) to work harder for them.
Money sitting in a bank is secure, but inflation affects the value of your money in real-terms, meaning it decreases in value over time. In comparison, money that's invested has the chance to grow, but could also fall in value. That's the risk of investing.
How we can help
If you've decided you'd like to invest your - or your child's - inheritance, here's some information on the accounts you can choose from.
Investing your own inheritance
Stocks and Shares ISA
Self-Invested Personal Pension
Investment Account
Investing for your child
Junior ISA
Junior SIPP
*To pay in a total of £100 to your Junior SIPP, you will only need to contribute £80, and the government will pay the other £20.
Choosing investments
We can help you find your next investment from the thousands on offer. The options below could help you choose, but are by no means exhaustive, and should not be seen as a personal recommendation for any particular investment.
Show me a few ideas
Show me your favourite funds
Show me everything you offer
Important information: this information and our guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please speak to an authorised financial adviser. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.
We appreciate your needs may be unique. Our financial advisers can provide a personal recommendation - whether you're looking for advice on a one-off or ongoing basis.
