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How about a Lifetime isa..with the top up.
My hunch is that it wont last with current government spending.
Has got it limitations but good for longterm pot. -
Rather than recommend something I'm just going to tell you what we have
- JISA with..uh can't remember wife deals with it I thought they were dumb
- Both of us have a LISA with Nutmeg. Although restrictive they are a sure fire way to earn 25% and the money going in to it is relatively small beer
- I have a Nutmeg S&S ISA too, most goes in to this. It's set to '7' and it's done fine.
- And I have a Nutmeg pension
- Also have a comedy pot where the risk is set to 11 (10) for jokes. Gets £100 p/m.
There are cheaper ways of doing all this, but I got the feeling they weren't quite cheaper enough to make it worth the hassle. YMMV.
I have a pension from civil service, which lost money last year. Do I fuck around with that or let the plan do it's thing.?
What type? Defined benefit or Defined contribution? Sounds like the later, in which case for an easy life you could consider consolidating it. But you absolutely need to know it inside out before doing anything to it. The scheme admin might help you.
- JISA with..uh can't remember wife deals with it I thought they were dumb
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Look at Vanguard, they generally have the cheapest fee's around:
https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa -
Other option if super keen on financial planning is opening kids a pension, if you fill that for a few years they then have 50 years of compound growth and can retire on a fat wedge but obviously no way for them to access it so isnt going to help with uni/wedding/deposit etc. like a ISA could
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