Barclays extending mortgage term

MWT

Hoenir said:

MWT said:

... also assumes that the 25% tax-free lump sum is still an option by then and that pension fund growth will be sufficient for that to make sense in terms of the impact on the future pension amount.

There's also the complete unknown of where the stock markets will be at the time of liquidation. Growth is just a number on a screen. Until it's tangible hard cash. 

Agreed, pension investment is always for the long-term, until you need to start using it, then the short-term gets very important.

At least we do have options like flexible drawdown these days, but the general principle of deliberately extending a mortgage, to slow down capital repayment and hence increase interest, to deliver increased disposable income now at the cost of long-term income later would concern me.

... but of course not our decision, hope it is one the OP does not come to regret later as there is a lot that could change by then...

Newbie_John

I'd be happy with 0% growth, or even negative.
My choice is £100 in my bank account now or £300 in pension, no brainer from that point of view.

Yeah, will 25% tax free be still an option? - I think so, there's a big push for the investments by government and cancelling it would have big impact on how much people invest.

Will the pension age still be 59.. this is my biggest worry really.. 

But well, thanks all for the contribution.