Planning for an "influx" of money

Pollycat

room512 wrote: »

Also what about premium bonds? I know that you can cash them in when you want to.

But no guaranteed return, unlike ISAs and savings accounts.

Savvy_Sue

Pupnik wrote: »

but you could also think about paying into a pension, of course retirement age could me moved up to 110 by then...

the younger you are, the more sense it makes to start your pension, whether you can afford to or not ...

If your company already offers a scheme, you should probably join it. If they don't, they'll have to offer a scheme before long, but you could set up a stakeholder scheme now.

While I wouldn't be recommending joint accounts of any kind* at this stage, I would recommend a full and frank discussion and disclosure about your joint budget and plans. *Exception to that might be a joint account which you both pay your monthly 'bills' money into and out of. But if your OH owes people money, that's got to be a priority. If you're both in it for the long haul, then helping him with this is worth considering. But note I say 'worth considering': the cautious side of me would want to see whether he makes paying his debts a priority. And if he doesn't, I'd run, very far and very fast ...