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Repay mortgage with 1% erc now or wait.
Comments
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Are you a high rate taxpayer?
How old are you?0 -
I'm 47, not a high rate tax payer, although within a few quid of the threshold..
I'm thinking of just paying it off as my calcs say i need to get a savings rate over 1.8% to have the same left at may 2018.
I've got 30k+ in savings and no other debt.
Pension is very low and needs serious attention so maybe smarter to dump the 25k in that? Plan to move in a few years though so the 25k would be handy then..0
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