Advice -45k to invest

[Chrisinthemorning]

One of my cash ISAs rate had ended and I want to move the money as realised I have more than 85k with that institution.
Options are - put into mortgage. We owe 168k and have 14 years to run. We’re on 0.5% for as long as DH works for the bank as it’s a staff mortgage.

• put into pension. I have an NHS pension and a private Royal London pension but the private one has only been open 2 years.
• invest - another ISA?

Not sure what to do.

Assuming you are 14 plus years from retirement, move to a stocks and shares ISA

I am 41 and my official retirement age is 60, however I’m hoping to go early- early to mid 50s.
DH reckons once the mortgage is paid off we can live happily on his salary and he enjoys his job whereas i’m having anxiety so mine isn’t great.
I am an only child and may eventually inherit a fair bit including properties and a business but don’t like to count on that as I’d rather have my parents and they may need it.

Any ISA should return more then 0.5%, so paying off mortgage is daft. Time to retire is about the higher risks of a stocks and shares vs cash investment. Over 10 years, this should be higher.
ISA's are more flexible than pensions, so would not do that.
From 1999 to 2017, cash ISA's have returned an average of 0.89%, stocks and shares ISA 3.66%, despite including the dotcom crash and financial crash.

Thank you

inflation is well over 5% in reality so any cash savings are losing value.

fill pensions. no one is immune from redundancy or illness. what if either of those hit your husband?

If you don’t need to access the money, put the maximum into your pension for this tax year - the tax relief is a no brainer. (Up to 40k or your salary if less). Any excess - invest in a s&s isa.

inflation is well over 5%

Sorry, this is rubbish - it was 2.4% in June. (But yes, any cash savings earning less than this are losing value).

Fill up your private pension as the government will add 25%.