Mortgage paid, now what to do ?

jamesd

lamby021 wrote: »

A lot more research to be done by the looks of things, could be awkward asking my employers regarding pensions as the business is struggling and is family run, i've also been there nearly 18 years and would not want to put any pressure on them at the moment, or is that the wrong way at looking at it ?

A bit of both. Best option might usually be to tell them that you want to use the pension but offer to defer it if they make up the money when times are better. However, since they don't make company contributions anyway this really doesn't matter and you can skip it. In a few years the law will require them to provide a pension with some matching.

lamby021 wrote: »

Both myself and my wife are in the lower tax bracket but her employer does contribute towards the pension so thinking for her to do the pension side of things and myself to concentrate on isa's.

Yes, that's a good approach

You've probably got a lot of learning about investments to do. Just get started with doing it and learn along the way.

atush

Make sure she fills out the forms to join her pension Scheme Tomorrow Ie Monday.