Best savings account for £1300 per month savings

A_New_Start

burner01 said:

Pension is the obvious answer

I'm aware of the importance of a pension and making regular (not startling contributions) 4% at the moment, Its building up. I will be adding the 60% of the sale of my current house to the pension over the next 15-20 years (approx 50k).

A_New_Start

Sea_Shell said:

Have you also got a separate emergency fund saved in addition to the "pay off mortgage" fund?

It's great to get it paid off and make pension contributions, but that money is then no longer available to you.

The current aim to initially save as much as possible to match the redemption amount. I'm think of just continuing to save while keeping mortgage payments as low as possible if I can find an good apr deal. I had forgot to mention that I have a second house technically, signed over to me 10 years ago by my parents who will live there until they pass on or I need to care for them (which will be funded by 60% the sale of my current home). The remaining 40% will be a deposit for a home for my only child.

Albermarle

A_New_Start said:

burner01 said:

Pension is the obvious answer

I'm aware of the importance of a pension and making regular (not startling contributions) 4% at the moment, Its building up. I will be adding the 60% of the sale of my current house to the pension over the next 15-20 years (approx 50k).

Unless your employer is making high contributions, then 4% is almost certainly too low .Even adding an extra £3K a year is probably not enough either.
Most people significantly underestimate the size of pot that needs to be built up to give a reasonable income later .