How would you invest £100,000

TBagpuss

I personally would reduce the mortgage by the maximum £52,000. Put the maximum allowed into ISAs (£15,000 each) Keep a small amount in easily accessible cash savings for emergencies and use the rest to start pensions.

Then next year review whether it is better to leave the money in the ISAs or to use it (or some of it) to further reduce the mortgage.

I'd probably look to start paying a small amount into a pension each month with a view to increasing as soon as possible. Pay the extra you save on mortgage payments due to the overpayment into pensions.When you remortgage you could consider reducing the term of the mortgage to pay it off faster, or leaving the remain the same and using the savings to buy into other investments such as pensions and ISAs.
As you are looking for long term growth I'd go for Stocks and Shares rather than Cash ISAs.

Daniel54

TBagpuss wrote: »

I personally would reduce the mortgage by the maximum £52,000. Put the maximum allowed into ISAs (£15,000 each) Keep a small amount in easily accessible cash savings for emergencies and use the rest to start pensions.

Then next year review whether it is better to leave the money in the ISAs or to use it (or some of it) to further reduce the mortgage.

I'd probably look to start paying a small amount into a pension each month with a view to increasing as soon as possible. Pay the extra you save on mortgage payments due to the overpayment into pensions.When you remortgage you could consider reducing the term of the mortgage to pay it off faster, or leaving the remain the same and using the savings to buy into other investments such as pensions and ISAs.
As you are looking for long term growth I'd go for Stocks and Shares rather than Cash ISAs.

Times two for this.Seems an emminently sensible way to proceed and is exactly what I was intending to suggest.

colsten

Don't put anything into a cash ISA before end of March next year at the earliest, and don't put anything into an unwrapped savings account either. You can easily put £50K per person into current accounts that pay 3, 4 and 5%. Investigate investments in S&S ISAs and pay off as much as you can of your mortgage.