Pay increase

[Margo2023]

My take home has increased by 300 per month. I'm looking to not spend it and work towards putting it into the mortgage / pension.

Also have 2k on credit card 0%. Should I stick it all into mortgage or split between mortgage and pension contribution. Mortgage 150 k with 30 yr left aged 36. Work pension I think seems good it is 10% matched. Perhaps I could contribute additional money into WP pension or would it be better to open a SIPP and stick some in there?

I would pay it off the credit card. Pay off consumer debts and have an emergency fund before investing.

I would look at pension, would paying more to it increase what employer pays?
I would look at Stocks & Shares ISA... tips more towards today than someday. Consider short term goals as well as long term.

Definitely get the credit card out of the way. Where are you in terms of tax? If you’re a higher earner then paying additional pension contributions could be very tax efficient. If not then given you’re 36 then you’d still be able to open a Lifetime ISA

Thanks those are very helpful responses. As a start I will use the extra to clear the credit card and I am going to open a LISA, I do have a ISA so I will transfer some money from there into ISA. HR tax payer so trying to get my head around the best way to save / invest. Any additional work place pensions contributions, that is, above 10 % won't be met so need to read up on whether that is something to consider based on the tax rule. It does feel a bit unadventurous to be paying more into investments and not reaching it until so much later in life but I suppose this is what it's all about! I will definitely considering the point about short term goals too thank
You again

Pay off the credit card before doing anything else.

We are significantly overpaying our mortgage at the moment as we have a low interest rate and want to clear as much as the balance as possible while we have the low rate. But when the interest rate goes up our extra money will work harder in a savings account than on the mortgage, so that's something you need to weigh up.