I’m unexpectedly inheriting 100k in the next month or so and am ntinaire what to do with it. I’m mid 40’s, mortgage is paid off, there is the possibility of an extension which would use all this and more but we’re not sure whether we want to go that way or not. 2 DC at uni (one will start this year) both will get loans, am not considering paying for that (I don’t think?) but am aware that this money could help them on the property ladder soon. I pay £10k into an ISA annually and pension is DB, comparatively small due to lots of time out of the workforce but forecast to be ok when combined with DH’’s.
It’s so unexpected I had never considered it might be an option and am now slightly frozen in indecision! Where should I put it? If we decide to go for an extension it may be only for a year or so but I can’t even decide if that is a good idea or not!