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@rasico2012 I don't believe it'll go away, but it'll definitely become means-tested. "Oh, that workplace pension you've been paying into since we introduced it back in 2012 means that you only qualify for 50% of the state pension." - the Government in a few decades, probably.

@fengchi It's difficult to answer the "worth it" part of your question. https://premiumbondsprizes.com/#50000 According to that link, statistically you should win a minimum of £25 a month 91% of the time. Of course you could pile the £50k into a savings account, but the money is accessible...

@fengchi I'm not a financial advisor. Most of the responses you're going to get will be similar. Just take your time and don't rush into anything. Consider the following in no particular order of priority: Opening up and depositing £4k into a LISA for a first time buyer. Pay off any and all...