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No idea what you'd do with it.
You might put a deposit on a second place and take advantage of the FTB benefits that MsSparky could use.
Could decide on some building work on the house.
Could decide that one of you wants to drastically change careers and that a pot of money would be useful to enable you to do that.I'm in a not the same but not completely different situation. I contracted for a few years and when I shut down the company I got a lump of cash that had been sitting there. Sadly nothing approaching life changing but I decided that it's better kept as cash rather than just paying down the mortgage. It's not that I have a specific purpose in mind for it yet, but the ability to use it for anything in future is more useful to me than just knowing I have x less to pay on the mortgage.
Especially given my mortgage is about 2% at the moment - I can always just save the money, get more than 2% on it and then put the money into the house again later if I want. But if it goes into the house then I can't get it back out without remortgaging.I'm also definitely not qualified to offer any sort of advice apart from random ill informed internet musing
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duncs
What are we going to do with that cash? We’re already on the whole pension/emergency savings thing.