If you inherited £450k, what would you do with it?

[GastronomicDelights]

Let's assume you don't have any kids to pass it on to, so we don't have a whole thread about putting it by for the kids, what would you do with an inherited £450k?

I'd buy a house around the £250k mark (currently renting), budget £20-30k for doing it up if required... and then I'm not actually sure what I'd do with the rest!

I'd pay off all debts first, then stick a chunk into a pension so I could retire early, then the rest would be on a house and travelling.

When I say a house, I mean either using it to extend my current property (which I would then own mortgage-free) or put some towards buying a larger property.

I would buy 2 properties. I would rent the cheaper property out so I had a good income to fall back on as well as an investment.

Retire early and invest it in a pension so there's a decent income to live on.

I know you said "no kids" but that's not a reality for me. I would invest in a comfortable home for us all to live in with a bedroom each (so 4) and office space (both me and DH WFH), so as a family we don't have to worry. Then I'd divide the rest into savings for us all.

If I didn't have kids I'd do the same with my future family in mind, but I would rent out the extra rooms for an income, to put into savings, for my future families future.

I'd also book a couple of really decent holidays. Not the yearly jaunt to spain (we already do that) but something amazing like a road trip in the states, across EU, Disneyland etc. one day I will be too old to do it so if I ever have the money while me and my family are young then I will damn well take time out of work to do it.

I would sink all of it into upgrading to a larger home in the same area I live in. It wouldn't get me much, even with a matching amount from the sale of our current home. And it isn't a posh area either!

Retire early. No contest.

Pay off debts (not much - less than 2k)
Buy a house outright (200k)
Carry on as normal and save the rest.
Not paying out on rent would increase our day to day finances that that would cover things like new cars, holidays etc. With a small amount of saving

Pay off a large chunk of mortgage
Drop a day of work a week (down to 3 days from 4)
Give 10% of it to a charity - not sure exactly which one but definitely in the developing world

I’d pay off our mortgage, do a few bits round the house, bung a load away for holidays and retirement and then open a rabbit sanctuary!

My mortgage is paid off, I have no debts & no dependents so £450k would enable me buy two houses in Nottingham or Leicester, rent out both and retire.

Pay my mortgage off, extend, do the gardens, Pay off debts and then, if anything is left, it would go into a holiday fund!

Buy a house. Maybe move to France.Travel.

Pay the mortgage off, invest a chunk, and have a really epic holiday.

Pay off mortgage and do the final bits on Our list to finish doing this house up. Then I’d rent this house out and buy a new family home. Either a slightly cheaper one that we could extend or do up for a reasonable budget or spend a larger amount to get a perfect no work needed house.

Depending how much was left I’d set up some saving accounts for my kids and just save the rest.

£450k doesn't buy a house where I live. I'd use it as a massive deposit on a house in London.

Pay off half Ds1s mortgage and give the equivalent to his brother. Yse the rest plus the equity in our house to kove.
Keep a little back for our holiday to Vietnam next year.

We'd buy a detached bungalow, probably spend around £250,000 (We live in the north) we'd sell our current homes and release the equity (about £180,000), and pay off debts, after decorating and furnishing the new house we'd have a good lump sum left, maybe £300,000.

I'd reduce my hours, probably to a 4 day week and DFiance would probably retire or go very part time . With no mortgage or debts and a lump sum in the bank we'd live comfortably.

Buy back my old house.

Pay off mortgage and finish of house refurb , I'd probably be left with 150k so I'd sink that into a pension and retire at 60 if you can with 150k

Id pay off my mortgage then with what was left I would save some, put some in to a buy to let property and then spend around 7k on a fabulous holiday.

Buy a really nice house with a small plot of land.

I'd like to think I'd gift some of it to close family/friends.

An amazing holiday.

I’d buy a lovely house for about £350k ish and use the equity in my current house and what’s left over to buy another property to rent out.

Pay off a large chunk of our mortgage.

Interesting amount as its a huge amount but not millsins.
I'd do work that needed doing to my current house eg new windows, some other bits.

And sell this house and use the money to buy another house probably use two or three hundred for that.

Then I'd leave 100,000 and put it into stocks and shares isa and use the money that generated for anything else.

Ie not touch that capital.