Pension or Mortgage

Templemore

Is it better to top up a NEST pension with 5 years to go or overpay on an mortgage, without overpayment fees etc.,?

dimbo61

Will your employer match your extra contributions ? Into the nest pension ?
You also get tax relief from the government.
However being mortgage free is also very nice and overpaying will help you become mortgage free sooner

Thrugelmir

Five years to what? 
Investing should be undertaken on a long term basis to guarantee a positive return. 

dunstonh

Which most fits your financial needs?

Overpaying the mortgage at current rates often makes little sense (despite this site going crazy over it at times).  Pension is often the better option but it really depends on personal scenario.

Templemore

Thrugelmir said:

Five years to what? 
Investing should be undertaken on a long term basis to guarantee a positive return. 

Retirement and taking the pension. Sorry, I should have made that a bit clearer.

Templemore

dimbo61 said:

Will your employer match your extra contributions ? Into the nest pension ?
You also get tax relief from the government.
However being mortgage free is also very nice and overpaying will help you become mortgage free sooner

Probably not by the employer.  There will be £500 spare to invest monthly for the next 5 years and my gut feel is that the pension, with grossing up, will be better, even more so when the mortage rate drops by 0.5% (Halifax I understand are passing it on)