Have an vac or overpay mortgage £40 a month

mrs_baggins

I probably need a financial advisor but this is scenario so views welcome. I only have 6 years to retirement and am paying into works pension for what it's worth. With so little time left would me getting an abc for 6 years actually amount to anything or would I be better off overpaying my mortgage? I think I am paying about 5% on this but it's not huge .

Sorry should have read avc

dunstonh

With so little time left would me getting an abc for 6 years actually amount to anything or would I be better off overpaying my mortgage?

How much would paying off your mortgage early improve your retirement compared to making increased retirement provision?

I think I am paying about 5% on this but it's not huge .

What about the employer contribution?
What is level of income projected compared to the income you are on and the income you need?

mrs_baggins

Yes ur right with an AVc my employer would also have to contribute. My protected pension is not huge - about 11 a year plus the state pension two years later

I thought that if I overpaid each month it may be finished early as I would like to retire 2 years before I am due but maybe that is very wishful thinking . Lots of people manage on less than that I know but I need to get more info before I do either