Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Nullmoon
    • By Nullmoon 7th Feb 18, 11:38 PM
    • 6Posts
    • 3Thanks
    Nullmoon
    Pension or mortgage?
    • #1
    • 7th Feb 18, 11:38 PM
    Pension or mortgage? 7th Feb 18 at 11:38 PM
    -I'm 28, currently living at home, on 24k, and have around 30k saved up in a cash ISA.

    -I've only had a NEST pension for the past few months, so overall I don't have much saved up.

    -I'm probably looking to buy in the next few years.

    What's more useful, putting the money towards a pension or a mortgage? If the latter, is it worth opening a LISA?
Page 1
    • AnotherJoe
    • By AnotherJoe 7th Feb 18, 11:48 PM
    • 8,989 Posts
    • 9,877 Thanks
    AnotherJoe
    • #2
    • 7th Feb 18, 11:48 PM
    • #2
    • 7th Feb 18, 11:48 PM
    I would suggest.
    Max your pension payments so as to get maximum employer contribution.
    Once you have that HTB ISA and LISA whatever is possible
    Once you have mortgage established dont overpay, put at least some extra towards your pension.
    The fact that its Nest implies its small but even so I think for most people buying a house would take precedence initially.
    • TheShape
    • By TheShape 7th Feb 18, 11:51 PM
    • 1,266 Posts
    • 1,073 Thanks
    TheShape
    • #3
    • 7th Feb 18, 11:51 PM
    • #3
    • 7th Feb 18, 11:51 PM
    What's wrong with this thread?

    http://forums.moneysavingexpert.com/showthread.php?t=5789610

    You could have probably just given it a bump.

    Post #5 looks like a sensible suggestion, if I do so say myself
    • AnotherJoe
    • By AnotherJoe 8th Feb 18, 8:41 AM
    • 8,989 Posts
    • 9,877 Thanks
    AnotherJoe
    • #4
    • 8th Feb 18, 8:41 AM
    • #4
    • 8th Feb 18, 8:41 AM
    What's wrong with this thread?

    http://forums.moneysavingexpert.com/showthread.php?t=5789610

    You could have probably just given it a bump.

    Post #5 looks like a sensible suggestion, if I do so say myself
    Originally posted by TheShape
    Great minds etc (or, fools seldom differ )
    • Nullmoon
    • By Nullmoon 8th Feb 18, 10:01 AM
    • 6 Posts
    • 3 Thanks
    Nullmoon
    • #5
    • 8th Feb 18, 10:01 AM
    • #5
    • 8th Feb 18, 10:01 AM
    What's wrong with this thread?...You could have probably just given it a bump.

    Post #5 looks like a sensible suggestion, if I do so say myself
    Originally posted by TheShape
    Great minds etc (or, fools seldom differ )
    Originally posted by AnotherJoe
    Sorry guys! I thought a more condensed post might be more helpful for everyone I should have just edited the original one to be fair...

    Post #5 certainly is a sensible suggestion, thanks
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,282Posts Today

5,783Users online

Martin's Twitter
  • I've decided my weekend starts here while the sun's glow is still baskable. So I'm signing off. Have a great weeke? https://t.co/9FxNEpDs6p

  • No not correct. The big six do, but you can get fixed tariffs guaranteed not to rise and about 25% cheaper. Just tr? https://t.co/B2ft5OS3Ig

  • Baaaa! Scottish Power has bleated and followed the herd, today announcing it's putting up energy prices by 5.5%. R? https://t.co/vi3hBxo4Hn

  • Follow Martin