this post was submitted on 11 Aug 2023
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UKPersonalFinance: Getting your pounds in order

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Discuss, learn and request help on how to obtain, budget, protect, save and invest your money in the UK.

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Inheritence: settling short term debt, creating emergency fund and what to do with remainder (lemmit.online)
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The original was posted on /r/ukpersonalfinance by /u/absoluteshamble on 2023-08-11 14:20:19.

hi, want to confirm I am following flow chart correctly and not overlooking anything

have 10k inheritance coming in

looking to write off short term debt (interest free for 2 years, paying off 80 a month currently)

this leaves 8k

keeping some for emergency fund (3 month wages = 5.5k, currently do not have one)

this leaves 2.5k to stick in a LISA for a house deposit

does this sound okay? what about inheritance tax?

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