£1000 tax rebate: Holiday or pension?

[whatwuoldyoudo]

OK I have a £1000 tax rebate

This year I am putting 10% of my earnings into a pension but this is the first time I have done so for several years due to not working

I have no real pension schemes, I am in my mid-thirties

This year I have £1,000 tax rebate: What should I do? Should we go on holiday (we won't do otherwise) or should I put this into my pension scheme?

DH says I can choose. But I can't decide! WWYD?

no brainer - holiday every time.
I think holidays are one of the most important times a family can share and we go every year whatever (sometimes a cheapy and sometimes nicer).
You will always remember holidays and so will your dc's

Fuck the pension

I say put 10% into your pension and take a holiday.

But then I am highly irresponsible.

holiday without a doubt! I know pensions are important but really...

I'd choose pension.

It's more fun to put the here and now over the long term good, but when you are making the old heat or eat choice, you'll wish you planned better!

Every penny towards your future helps.

Holidays are great, but when you're old and poor and cold, the only way your past holidays will keep you warm is if you burn the photos!

I'd do pension, but I am very boring and don't actually enjoy holidays that much.

holiday

Some to your pension (or to pay off any debts you have - that would be prudent) and the rest on a holiday.

I'd use it to pay off my credit card - and then put the money I'm currently paying out each month to pay that off towards a holiday.

Haven't got any debts

I was tending towards the pension TBH

Would £500 really do much in the way of a holiday for 4? I didn't think it would really help a lot

I would pay off any high interest debts, then low interest debts (mortgage for example), before considering putting it in a pension fund given the poor performance of my pension fund over recent years.

I would suggest using some of the money - 10 to 20% say, to treat the family to a family day out somewhere. Would cost less than a holiday and may be remembered just as much by your children. The rest then use to pay off any debts. Given poor pension performance, I'd be inclined to just keep any left over in a savings account for a rainy day (washing machine break down, heating break down etc).

take me on holiday.

Depends where you go OP . BH, I don't think 500 quid into a pension will go very far either.

TBH

Why not splash out a bit and have a really special family day at Legoland, etc (basically doing something that would normally NOT be in your budget), and then put the bulk of the money into your pension?

Do you have a mortgage? Might be just as good to put bulk of the money toward paying down the principal.

holiday

I would go for holiday with some and pension with some.

Go on holiday - lifes for living

Depends how old your kids are - are they babies etc and not fussed by hols? If they are a little older and would like it, have a holiday.

If not, overpay the mortgage.

only read the title
HOLIDAY!!!!!

Pension

Half and half.

You are late to be starting a pension, so it makes sense to stick some of the money into it.

And if you shop around carefully you could find a great holiday for £500