We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Keep endowment or not?
Ali_D_2
Posts: 1 Newbie
My wife an I each have an endowment policy with Standard Life. His due to pay out in 2024, on target for £60000 (£117 per month). Her's due to pay out in 2022, on target for £38000 (£73 per month).
Neither of these are linked to our mortgage which is now fully repayment. The endowments were from when we each had flats as singletons!
We have kept them on as savings vehicles but will probably need to cash them in in the next 5 years or so when we plan to move to a larger property.
Any advice on what we should do with them in the meantime. Keep them going or bail out now and invest elsewhere.
Neither of these are linked to our mortgage which is now fully repayment. The endowments were from when we each had flats as singletons!
We have kept them on as savings vehicles but will probably need to cash them in in the next 5 years or so when we plan to move to a larger property.
Any advice on what we should do with them in the meantime. Keep them going or bail out now and invest elsewhere.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards