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I'm on 3.4%. Plus there are human factors to consider: I don't like debt, even mortgage debt, so always feel good about making an overpayment.
Sparky-
Yeah like I said on the previous page it's difficult to 'lose' making overpayments unless there was an obvious and risk free way of making more money dangling in front of you.
Like Bitcoin, obvs.
If you are on 3.4% it might be worth paying ERCs to remortgage.
Howard
My understanding was that if you are a higher rate tax payer then slamming an extra £10k in to your pension would yield you £2,000ish (even £4000ish?) in tax breaks. Assuming your pension is managed well, you might see 6% growth PA on that.
Compared to what paying an extra £10k off your mortgage might yield you - about £200 per year assuming you are charged 2% - it looks pretty attractive. Mortgage debt is crazy cheap. Now. Of course that might change.
Pension rules can change though I guess, and who knows what the tax environment will look like when it comes to withdrawal. There was a discussion on the investment thread about whether ISAs would be a better bet given it's supposed to be tax free gainz forever.