Top up or leave alone

chrisrsmith

Hi

I am 50 years old.
i work in Germany and pay my taxes there.

I have two pensions that are classed as 'paid up.
One is valued 31/03/13 @ £54K paying a potential £2490.00 yearly pension at 65. Aegon Fund: Universal Bal Col.
Second is with Thales UK Pension Scheme - preserved pension
Valued Feb 2013 £15,455 yearly pension.

Q: I have not paid into any UK pension scheme since leaving McAfee UK August 2012.
I work and pay tax in Germany.

Should I pay into a pension or find alternative savings schemes?
I 'think' as I don't pay taxes in the UK I don't qualify for any tax relief

Any advice gratefully received.

I have a home near Milton Keynes which I have a 90K mortgage o/s, property valued at £410K. Int rate on o/s mortgage is 2.69%

atush

What tax breaks are there for savings/pensions in Germany? That is where I would look first.

Then I would save into equities/funds if you will be retiring at 60 or so w/o tax breaks. You can't use an Isa as you aren't resident in t he UK, but you can use a UK brokerage. AS you should be able to earn more than the rate of your mtg. I assume the mtg is repayment type, not IO.