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aggi
Opinions please, qualified or otherwise.
I probably have about fifteen years of paid work left in me
We owe a good chunk on the house that probably won't get paid off before I/we retire
We have children
I could overpay more in to the mortgage, or I could crank up my pension contributions. Or do something else.
In the past I have not focussed on Pension, as the benefit felt a long way off and because the rules can change for the worst. I feel less certain of that now.
With that in mind, it feels like it would be more sensible to crank up pension contributions for the tax benefit and that sweet tax free lump sum with which you then pay off the mortgage, rather than paying down the mortgage gradually with money that's been taxed.
What say you?