Hi folks,
I am a 33yr old with 174k left with 19yrs remaining on mortgage term at a rate of 3.1% with Ulster Bank. I currently do not have a pension and I am looking at the possibility of setting one up.
Married with 2 kids and my own income is 75k gross per annum with my wife earning 50K gross per annum
Should I be;
(A) looking at setting up a pension now and keep mortgage as it is
(B) overpay the mortgage for next 12 years or so and then set up a pension once mortgage has been paid off
Any advice welcome.
I am a 33yr old with 174k left with 19yrs remaining on mortgage term at a rate of 3.1% with Ulster Bank. I currently do not have a pension and I am looking at the possibility of setting one up.
Married with 2 kids and my own income is 75k gross per annum with my wife earning 50K gross per annum
Should I be;
(A) looking at setting up a pension now and keep mortgage as it is
(B) overpay the mortgage for next 12 years or so and then set up a pension once mortgage has been paid off
Any advice welcome.