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Paying off mortgage
Comments
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That was my intent to prompt the OP to investigate what might be possible and not just focus on an A or B decision.
There is scope to consider wider but we cannot do it, the OP needs to understand the constraints and opportunities so the best decision, for them, can be made.
Your life is too short to be unhappy 5 days a week in exchange for 2 days of freedom!
One can always make more money. No one who has ever lived can create more time.1 -
If you pay more into your pension does your employer also pay more?
"You've been reading SOS when it's just your clock reading 5:05 "2 -
No, my employer doesn't.
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So you're also got £20k per year in a S&S ISA? If not, why are you investing outside an ISA and paying tax? It's really worth looking at the complete picture rather than just parts of it.
Remember the saying: if it looks too good to be true it almost certainly is.0 -
I already filled up my cash isa this year.
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I always find the most interesting and stimulating posts those where forum members are expected to guess what the OP has already got in terms of finances and arrangements such that when suggestions are made to fill the vacuum of no information the OP subsequently advises got all that.
Your life is too short to be unhappy 5 days a week in exchange for 2 days of freedom!
One can always make more money. No one who has ever lived can create more time.5 -
It doesn't really make any sense to fill up a cash ISA and then have taxable S&S holdings.
Remember the saying: if it looks too good to be true it almost certainly is.0 -
Get a tracker mortgage. They're around 4.3%.
You can over pay as much as you can as well
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Why? I filled up my isa then dabbled in investing some years ago. I wasn't to know whether my investments were to go up or down, I was being cautious.
As it happens I have money in cash isas and some shares, most of which are in profit. From next year I won't have a choice whether not to invest as the government are forcing people to invest in stocks and shares if they take out an isa.
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Why? I can pay off the whole lot.
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