Long story short: I've inherited a share in a portfolio from my gran passing
I don't know much about shares dealing on the business end of it (trading I know enough to get by with a few mates who work in the city as devs in this area but it's very different to what I'm working with) but I know I've got the choice of either all shares/cash or a mix and need to decide how I'd like to receive this.
The portfolio itself doesnt mean much to me in terms of what's good/bad, safe/volatile and it's significantly more than I had expected to receive. I'm unsure what decision is right to take and what some implications are if I do (CGT/taxable income (and if any of this is payable on receiving it), investment/reinvestment getting an annuity, using it to get on the housing ladder/start a private pension etc). I could put it in as many tax-free places as possible but I know that ties up what I have and probably isn't a smart use of it
Has anyone got experience in dealing with an IFA? I know they charge fees/comission but I'm interested to know what sort of experiences people have with them and if they are truely unbiased as they claim to be. Going to call a local one in the morning to see what their rates are and what they can offer.
Little bit frustrating as I need to decide by the end of the month but it won't be settled for a while after that
