Plan your commutation
Consider your circumstances, lifestyle and spending habits to ensure you have a sum instantly available in case of emergencies.
As an example, the Industry standards for calculating and emergency fund is generally between 3 to 6 times monthly expenditure.
One of the things you might want to do is reduce your monthly outgoings by paying off some, or all of your debts with your retirement funds or savings
Unsure if paying off your debts the right thing to do? click here for more information.
Time to treat yourself
Are you planning to help your family members onto the property ladder or contribute to wedding expenses?
Consider any expenses you may encounter in the next 5 years where you may need to access some of your funds. For example, school or university fees, cost of long term care for elderly relatives etc
Extra time on your hands to do something you’ve always wanted to, whether that be a new hobby or new venture