Investing 30K

[Hastalapasta]

Potentially will have £30 to invest next spring (assuming the house that we are selling does)

Thoughts so far:
Overpay on our mortgage,
Premium bonds,
Isa's

Any other safe suggestions are welcome!

[BackforGood]

If you are not anticipating needing it in the foreseeable future, I'd overpay on the mortgage without a doubt. It's a lovely feeling to make the last payment and know you own your own home.

[Hastalapasta]

Thanks Back that is what I was hoping to do!

[dontcallmethatyoucunt]

If you're a higher rate tax payer, do consider the tax benefits you could have by paying into a pension.

[specialsubject]

Premium bonds odds keep dropping and with inflation well over 3%, money vanishes.

Isa rates pitiful so money also vanishes.

Reduce mortgage.

[nannynick]

Put towards retirement planning... pension and mortgage.

If you don't already have some emergency fund, then keep back around 3 to 6 months of expenditure and put in an easy access account. You won't get much interest but it's there for a rainy day (redundancy, major house disaster such as flooding, travel expenses to get to a relatives funeral, big unexpected expenses).

[Hastalapasta]

Thanks nanny.

Think I am falling into the trap of thinking that retirement is really far away but really time is speeding up! Definitely will pay more into the pension plan.

[ajandjjmum]

We all did that once Hastal, but now it's creeping up fast, I'm happy that we invested in our pension when we did.

Maybe have a great family holiday (making memories is an equally important investment imo) and put the majority into a pension.

[Hastalapasta]

Holiday? What's a holiday?!

Maybe in a few years when nappies are a distant memory we could an amazing trip. Lovely idea, thanks ajandjjmum