Where to invest 30 grand. Premium bonds, sipp.. Keep some back? Keep it whole?

[Burpsandfustles]

I have no savings, no pension.

I work part time, full time but term time only dc still in primary.
Dh pay below 30 grand.

I plan to put some into all our 'pots' for the dc, to boost them a little eg the pot for their clothes and school costs.

I was thinking about opening a sipp, the government adds money to what you put in, so I was thinking maybe 10 grand into that?

A few thousand in premium bonds.

About 10 or 15 drip fed into a stocks and shares isa

Maybe 2 grand of gold bullion coins?

Or is is better to keep most of it whole, perhaps into just sipp and sticks and shares isa? Any ideas?

Phone died mid post. If I buy some pension where I am what would happen if I leave.. It's contract job

I'm too old for life time Lisa.

Have you looked at buying a caravan and renting it out...
Cheap holidays and an income?

Have a look at investing some, (not all because it is always wise to spread your investments) in Funding Circle. It is a peer-to-peer lending organisation.
I have just completed my tax forms and the return on FI outstripped all our other investments..

Personally I would keep it liquid.

I think one should always have a years salary in the bank in case of health issues etc.

But start saving for a pension etc.

OP your workplace pension is highly likely to be a defined contribution scheme, and probably a contract type. This means you can take it with you if you ever leave your employer I.e transfer it into another pension (either with new employer or into a personal pension). Although you can leave it where it is, which you might want to do if charges and returns are good. It will still grow.

Asumming you are over 40 as you mentioned you are too old for LISA. I would really think carefully about making the most of your pension savings with this windfall. The longer you invest for, the more you benefit from compound growth. Remember you can start to access your pension savings from 55 too.

Oh and buying a caravan is not a wise investment as it will depreciate in value.

Mintbiscuit thank you.
I'd like to get something going yes and this current pension is v good.
I'm going to ask about buying more if it next week.
I do want to keep money to hand as well for emergencies and also put some on isa.

No one mentioned buying gold bullion coins
Also no one said it would make more money being kept in one lump rather than spilt.

I don't fancy a caravan. I have no where to put it.. I did glance at mobile holiday homes but again I couldn't buy one right.

One option I thought was to buy small house up north with it, 30 as deposit and s get mortgage?