Owning your own home

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SimonM in reply to @Dammit

If you're within a decent period of retirement (10 years), I think the best thing to do is bury any overpay in to a SIPP, take the 20% uplift (tax rebate) and then pay off the mortgage with the 25% tax free drawdown. Ezy gainz.

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stevo_com in reply to @SimonM

I understood each one of those words individually.

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SimonM in reply to @stevo_com

you get tax money back from the gov when you pay in to a pension. Instant 20% gain versus any other investment. Wait until 55, take 25% out tax free and pay mortgage off with the lump.

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