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You don't take a long term view if you want to use the money to buy an apartment in 18 months time.steampowered said:With that sum of money, you need to take a long term view.
You also don't want to invest most, if not all of the money if you need it in the next 5-7 years to finance your PhD.
But yes, if the OP didn't mean what they said and can put the money away for 7-10+ years, then investing is an option, and a pension should definitely be one of the investment vehicles. Whether an S&S ISA would be an option this year depends on when they deposited how much into their cash ISA.0
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