What to do with my money? Please help!

Alexland

NBE97 said:

yes after tax, and thats great I will speak to my sibling about the junior isa for him so at least that will be sorted, what about buying him premium bonds or do you not think much of this??

It depends how old your nephew is and how long it will be before they are likely to access/spend the money.

Generally speaking for a younger child a S&S JISA would be more suitable (as the returns will hopefully average out better) and for an older child who is likely to spend the money at 18 on university etc then a Cash JISA or PBs might be more suitable as they give more certainty of outcome valuation.

xylophone

You might wish to consider a pension for yourself. Below might suit to get you started.

https://www.vanguardinvestor.co.uk/investing-explained/what-are-target-retirement-funds?s_kwcid=AL!11156!3!715699173539!e!!g!!vanguard target retirement&gad_source=1&gclid=Cj0KCQiAvvO7BhC-ARIsAGFyToXTBG7mEyLCr2EOQYQ7qx9eNlHSaKkUsLNg8pBza8riJtadKoP-RbkaAqQWEALw_wcB&gclsrc=aw.ds