Cape Town - A Fin24 user who has R5m cash available seeks advice on the best investment for this cash to supplement his monthly income.
He writes: "I am 53 years of age and have been retrenched. I do have a R10m pension fund currently preserved which I will use to buy a living annuity at age 55.
"Also I have R5m cash available and my question is what is the best investment for this cash to supplement my monthly income? It must be tax efficient. I am considering a high dividend paying ETF."