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Mortgage v Pension
leehancock1967
Posts: 1 Newbie
I am coming off a fixed mortgage deal in December and the options I have are around the 4.2% level. I am also old enough (57) to withdraw some of my pension. The question is, should I draw some pension and pay off some of the mortgage, or carry on as I am, paying into a pension and also a mortgage?
0
Comments
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Carry on as you are is the best in terms of tax advantages0
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Keep paying into the pension, stay with the same mortgage amount. The pension will increase in value before you retire, in fact, get an AVC as well for anything left over you have. It will make a lot of difference when you retire.0
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