u/2oldforthisnonsense

I will be receiving around £400K in the next year or so.

I would like to invest it and would hope for at least a 7% return so I could take 4% as income.

I have been happy with my Vanguard LifeStrategy 80% for a few years, but I don't have much money in there and it's been a while since I looked into this stuff and wondered if there's something better out there. I'm also worried the 4%/7% rule might be out of date.

We have no immediate need for the money, but an extra £15/£20 k p/a would be very helpful.

Does anyone have any advice?