Mortgage v Savings/Pension Advice

city48

Hello - Was looking for any advice/pointers on below ; 
Looking to cut down working in 8-10 years time - Currently am 48.Have a mortgage of £104 k to pay - up for re-newel in May.
I will come in to some money,approx £135 k before Mortgage is up for re-newel.
Currently have a decent company pension scheme - but in total have 5 pensions - approx value £190 k...
Any pointers/advice on whether to pay off mortgage or offset or invest most welcome.
TIA 

Whats_your_forte

Doubt you'd get specifics on what you are looking for as very little information re the pensions on here and indeed current income levels/contributions to schemes

However, a realistic plan would be to see the cost of maximising pension contributions over the next few years as well as seeing if the mortgage can be paid off from income in the next 8-10 years as you are more likely to commit to a large mortgage payment than a large pension contribution. 

Thrugelmir

When do you plan to draw your pensions? How much do you need to reduce your mortgage affordable on a reduced income? 
A life changing amount requires consideration and a thought out plan. Investment should be viewed in the longer term to mitigate any short term volatility. 

city48

Whats_your_forte said:

Doubt you'd get specifics on what you are looking for as very little information re the pensions on here and indeed current income levels/contributions to schemes

However, a realistic plan would be to see the cost of maximising pension contributions over the next few years as well as seeing if the mortgage can be paid off from income in the next 8-10 years as you are more likely to commit to a large mortgage payment than a large pension contribution. 

Thanks for your feedback - I currently pay approx £400 per month from salary to company pension.
I was more wondering re the moeny i will have against the outstanding mortgage ?
Thanks

Whats_your_forte

First port of call would to get some projections on the pensions and their income. £190k at 48 doesn't sound like a big pot hence why if the income is good, finds ways to get the mortgage done in the period stated AND maximise the pension options ie I don't think it will be one route or the other but a combination.

However, difficult to say without all the facts ie capacity for loss, risk profile, income, health.