Using inheritance to boost retirement - please sense check my plan

kempiejon

LeopardPassenger said:

Our retirement savings are low, but we hope to have ticked off any long haul travel before retiring and don't have any other major goals. We're comfortable with a pretty frugal retirement and neither of us wants to retire early, but we know that this should still be a priority for us. I have £30K in a LISA and £20K in a workplace pension scheme and a small teaching pension from the start of my career. He has £30K in a SIPP. 

For a 50 yo that seems light unless there is more pension, you'd said no intention of retiring early.
Here's an idea take a lump sum from the inheritance and think of it as mum giving you a present. Spunk the lump, £100k or whatever amount you decide, indulge family and kids for a couple of years with fantastic travel and fritter it away with fond memories of the donor.