Salary sacrifice and best course of action

Harvester963

I currently have a student loan which seems to be ever growing with the interest payments. I am currently working with a salary sacrifice and knowing how important it is to put as much in my pension early on for maximum returns it does mean i pay very little on my student loan say most 500 a year. Currently got 23 years before it wipes out is there any downside to just letting my student loan pile up with interest until i need to drop my pension contribution down.

silvercar

The downside is the interest rate charged - unless you can make more interest elsewhere, have better use for the money or think that you won’t repay the loan in full and it will be wiped.