Investing: UK based couple, post-tax monthly income £5.5k, 8month emergency pot set, no debt, £10k in other savings, no children or plan to have, early 30s. We set aside £2-£2.5k per month for house deposit and plan to buy a house in the next 3 years. Should we look at investing small amounts per month (£300) or save everything for a house? If we are to invest, then in what? Neither of us have any experience with that. Share your knowledge 🐠

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As A1 said, max your ISA each year. Probably invest in ETFs, if you don’t want to choose ETFs you have providers such as nutmeg who can buy a diversified portfolio of ETFs based on your risk tolerance and appetite for low fees.

Lifetime ISA is good to buy property ... but is only for properties worth less than 450k, which in London is not much.

Btw, there is a Londoners in Consulting bowl if wanna join

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Re-reading your needs, I d advise:
-Invest all (the 2.5k) you can in ISA as early as you can.
-if you have savings do that now as tax year ends at end of March and then you get a new 20k allowance per person
-Since you have no experience, use a robot advisor (I use nutmeg but there are a few others) that will get you a diversified ETF portfolio for low fees
-Use a lower-mid risk profile as your investment horizon is short and you have no experience (so you are likely risk averse, if not you can go up a notch on risk) but you have two steady sources of good income and you are young (so with a lot of what is called human capital). I would advise a risk of 2/5 (5 being the most risky).

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Thanks FTI1. Also, aware of the Londoners bowl and no, house outside of London, £350k-£400k value max. I am a simple person.

Invest in your ISA -$20k annual limit with no penalty withdrawals for each of you.

If you invest in the lifetime ISA (intended for people saving to buy a house, $4k annual limit) the govt gives you an additional $1k on up of that to go towards your house. If you both invest $4k each every year, you get a $2k kicker and then invest the rest into a cash or stock ISA to hit the $20k limit.

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