At some point in the near future i am going to be made redundant after 18 years i should walk away with a nice sum of money lets say £20k+.
I just wanted some opinions on what to do with the money in terms of saving's/ISA/Bond Tracker.
Sadly i still live at home at 36 (If anyone remembers the programm "Timothy" then thats based on me although he was a tad older).
I want to be able to put a deposit on a house so where ever i put some of this money i need to get at it if need be.
My friend suggested a "Bond Tracker" and he says that you get the inflation rate + 1.5%. I dont know if this is true or not and the important is this is Tax Free. However i think he said he is in a 3 year bond tracker and cant take his money out before.
Any suggestions are welcome please as i am a little clueless as what to do with this money once i get it (which is hopefully June this year).