As a public service employee who is currently buying back years to retire at 60 on full pension - is it possible to take a break from buying back years for a year or two and then re-join? (obviously with consequence of retiring slightly later).
Is there a calculator that can be used to determine what the effect on such a break has on extending the retirement age?
Also - is it wise it take a break from buying back years to overpay a mortgage? I realise this is dependant on personal circumstances but is there an obvious advantage (tax break etc) to keep buying back years rather than over-paying a mortgage?
Thanks,
Is there a calculator that can be used to determine what the effect on such a break has on extending the retirement age?
Also - is it wise it take a break from buying back years to overpay a mortgage? I realise this is dependant on personal circumstances but is there an obvious advantage (tax break etc) to keep buying back years rather than over-paying a mortgage?
Thanks,