£10,000 sitting in a savings account.
Here's the most tax efficient way to deploy it.
Priority order:
→ 3 months expenses in easy access savings first. Non negotiable.
→ Remaining £6-7k straight into Stocks & Shares ISA. → Buy VWRP or VUAG. Global or US index fund.
→ If under 40: £4,000 into LISA first. Government adds £1,000 instantly.
→ Automate £200/month going forward. Never stop.
What not to do:
→ Leave it in a current account earning nothing
→ Put it all in crypto
→ Wait for the perfect moment
£10,000 invested today at 10%:
→ Worth £174,000 in 30 years.
The best time to deploy it was yesterday.
The second best time is today.