Assignment task: Charlie is a single, basic rate taxpayer. He has recently inherited £96,800. Currently, he needs no additional immediate income, as he is employed. In the next five years he wishes to give up his job and at that time he will wish to repay his Mortgage on his Principle Private Residence (His House). After various long and documented conversations, you have agreed that he is only prepared to take minimal risk.
Required:
a) List the potential other factors you would wish to know about Charlies situation before you will be able to advise him fully as to the best course of action.
b) Suggest suitable deposit or fixed term interest investments which Charlie may want to consider, given supporting reasons for their suitability. (the suitabiiity may be in?uenced to some extent by the further questions you asked in a) and assumptions that you made about these answers)