We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage or AVC
Options

Julie0812
Posts: 2 Newbie
Hi I have a mortgage that I pay each month, but I also pay into AVCs should I stop paying Iant o the AVC and put it towards my mortgage instead , to bring my mortgage down sooner .
0
Comments
-
You are getting tax relief at 20/40% on the money you pay into the AVC
If you stop paying into the AVC you wil miss out when you come to retire.
You get the 25% of the money you build up tax free.
Overpay the mortgage each month is always a good idea if you have no other debts1 -
It is impossible to answer that question without a lot more information.
You should speak to a financial advisor.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.2 -
How secure is your employment ? Pension savings aren't accessible until retirement.0
-
Thrugelmir said:How secure is your employment ? Pension savings aren't accessible until retirement.
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards