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07 January 2010

Where should I save/invest up to £30k?

My parents have some spare money and want to pass some to me now to use rather than waiting, hopefully a long time, to inherrit. I understand the £3k each per year free of IHT, but my question is where am I best to keep this money? It would continue to grow yearly towards a total figure of £30k - I don't plan to take any out until the total is needed. They may well give me the remainder if I buy a house before the multiple £3ks get to the total but we were hoping to move some across to me to reduce the potential taxes later. Any advice is very welcome. Thank you

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