Daddy,
The joys of children!
The little darlings will in 3rd level make a good hole in your savings , so spin the savings out as best you can.
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If wife can get 40% tax relief then increase her pension contributions.
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You are still getting 20% on pension contributions , still much better than deposits on after tax income.I would definitely keep up contributions.
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If variable rate mortgage , pay it off , why pay 4% v savings rates of 1.5%.
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How much do you need at retirement.
2 state pensions circa 550
2 pension funds circa k400 circa 400 (takes about k20 to but k1 in pension)(added both)
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Weekly retirement income circa 950 per week.