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Cash in Endowment or wait
Peasandgravy7
Posts: 1 Newbie
I've been offered 47K against an original target figure of 80K, this would leave me with shortfall of 6K(I reduced mortgage over the years) I have 4 years left to pay so should I wait until it matures and hope it raises the shortfall or cash in and save the payments which will be £7680 but might mean I miss out on any future bonus's.
0
Comments
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What type of endowment is it?
how is it invested?
Is there are MEP? (mortgage endowment promise)
What is the surrender value compared to the current value?
What are the example projection values?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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