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Pension vs S&S ISA
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rjmachin said:My current mortgage is with the Halifax. If I wait until the 1st November, then the ERC would be 3%, so approx £2,310.
Halifax have a 3 year fix at 2.48% and a 5 year fix at 2.59% fix
The MSE Ditch calculator says it's better to fix if the rate is 2.04% or lower.
If I switch to another provider, then I would have the unknown costs of valuations, solicitor fees, product fees etc on top of the ERC.
I could increase my Aegon pension though. I want to get savings of 6 months income first though as a safety net.
On my income and spending, I have no chance of maxing out my pension, but could certainly increase it.0
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