Hi
Have been sitting on 50k for 6 months now.
Sorry for not posting all details but main points
Both in secure employment, wife a civil servant. Have 6 months liquid assets apart from this.
Maxing my AVC to pension.
I think I’ve boiled down to 3 options
1. Lump sum off mortgage. Going to cost 650 break fee on 2.6% fixed with 2 years left. Seems most sensible option. No other debts that should get priority. Seems expensive to fully break in order to drop another .3% on total so not really considering that.
2. Service buy back. My wife had taken couple of career breaks and on 4 day week at moment so she got letter recently about buying back years. I really dont know a lot about it and didn’t read up tbh. Figures seemed high. Anyone know enough to say I should do some more research or is it not worth it.
3.invest- I regret not going in more when market dropped. I put about 10k in and have made some money. Heart wants to gamble but head says I have enough exposure through pension and to leave well alone.
Thanks
Have been sitting on 50k for 6 months now.
Sorry for not posting all details but main points
Both in secure employment, wife a civil servant. Have 6 months liquid assets apart from this.
Maxing my AVC to pension.
I think I’ve boiled down to 3 options
1. Lump sum off mortgage. Going to cost 650 break fee on 2.6% fixed with 2 years left. Seems most sensible option. No other debts that should get priority. Seems expensive to fully break in order to drop another .3% on total so not really considering that.
2. Service buy back. My wife had taken couple of career breaks and on 4 day week at moment so she got letter recently about buying back years. I really dont know a lot about it and didn’t read up tbh. Figures seemed high. Anyone know enough to say I should do some more research or is it not worth it.
3.invest- I regret not going in more when market dropped. I put about 10k in and have made some money. Heart wants to gamble but head says I have enough exposure through pension and to leave well alone.
Thanks