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£40k contribution cap per tax year, if you decide SIPP, ideally £40k before 6th April, £40k on 6th April and rest into into ISA/mortgage.
*The pension contribution limit is currently 100% of your income, with a cap of £40,000. If you put more than this into your pension, you won't receive tax relief on any amount over the contribution limit.
https://www.pensionbee.com/pensions-explained/pension-contributions/pension-contribution-limits
Tango130
It's time for me to remortgage. My LTV is currently 60% and my rate is 1.64%. I can move to a 5 year fixed with my current provider at 1.59% with a product fee of £1499. (I haven't yet looked at remortgaging elsewhere).
I have £100k that I can either put into a SIPs or chuck into the mortgage. I'm nearly 42 with not much pension savings currently.
Where am I best to put the money - mortgage or pension?