Owning your own home

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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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Greenbank in reply to @SimonM

Interesting, but doesn't taking the 25% out tax free trigger the start of the pension payments?

(Not really relevant in my current situation as I should have my mortgage paid off by the time I'm 52.)
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NotThamesWater in reply to @SimonM

Don't you pay income tax on it when you take it out?

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