Overpay Mortgage or chuck in to pension ?

Overpay Mortgage or chuck in to pension ?

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Discussion

5150

Original Poster:

689 posts

256 months

Thursday 11th February 2016
quotequote all
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

5150

Original Poster:

689 posts

256 months

Saturday 13th February 2016
quotequote all
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.