Overpay Mortgage or chuck in to pension ?
Discussion
Hi all.
Wondered if more finance-savvy members could give their opinion!?
In a position to overpay by approximately 150% into either my mortgage or pension.
I'm currently overpaying on the mortgage, which if continued, will see it paid off within 8 years.
I've recently thought tho, would it be better to chuck the same amount into the pension, or maybe split between the two?
Any thoughts or similar experiences ?
Thanks in advance
Wondered if more finance-savvy members could give their opinion!?
In a position to overpay by approximately 150% into either my mortgage or pension.
I'm currently overpaying on the mortgage, which if continued, will see it paid off within 8 years.
I've recently thought tho, would it be better to chuck the same amount into the pension, or maybe split between the two?
Any thoughts or similar experiences ?
Thanks in advance
Thanks for the replies. Glad other folk are getting some value from it also!
For info: Age 40, Higher Rate Tax payer, No dependants, One other property (BTL flat), No plans to move up housing ladder, Good job: not desperate to retire (but ask me in 20 yrs time!). Generally risk averse.
For info: Age 40, Higher Rate Tax payer, No dependants, One other property (BTL flat), No plans to move up housing ladder, Good job: not desperate to retire (but ask me in 20 yrs time!). Generally risk averse.
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