We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Increase mortgage to invest in an ISA?
tojoslaffy
Posts: 23 Forumite
My wife and I have not used up our ISA allocations this year . Does it make sense in the long run to draw £10k down on our flexible mortgage at 4.75%svr and invest it in an ISA at 3.3%. I know the sums don't seem to make sense at the moment but does it make sense in the long term. Thanks everyone. T
0
Comments
-
I would say No and No, I guess there are nominal advantages if you're a high rate tax payer but I wouldn't even consider it."You've been reading SOS when it's just your clock reading 5:05 "0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards