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Pension withdrawal to finish off mortgage
Comments
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=dunstonh;73652158Mortgages are cheap and in most cases at lower interest rates than the long-term returns on most pensions.
Reminds me of the old investment adage "This time is different".0 -
FS pensions dont have a value of 600K. They have a set of benefits they pay you based on your age, salary and number of years of service. More details are needed, or are you talking about a transfer figure?
What is an MPS? A DC pension?
Yes the £660K is the transfer value and the MPS is a Money Purchase Scheme, Thanks.0 -
Yes its a DB but the transfer value is £600k, sorry my mistake. I've just been told that the company i have this with is prepared to release the funds to me to transfer.0
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VikingWood65 wrote: »Yes its a DB but the transfer value is £600k, sorry my mistake. I've just been told that the company i have this with is prepared to release the funds to me to transfer.
Next thing is to find an IFA that is willing to do it. Do it quickly as the CETV may be valid for a short period and getting a new one may cost.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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