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Of course, if you are in the civil service or already have a great pension, you might look elsewhere.
Mortgage money is cheap? ~4.5% and (possibly) climbing (depends on your personal views of the future of the ECB rate).Friends are telling me mortgage money is cheap, so try to re-invest in property or shares.
My good wife has other ideas though, reduce mortgage. Trying to look at big picture, prob only chance i'll ever get.
Shopping around is getting easier and easier, most information is available directly from the institutions web sites so shopping around now can really just mean sitting down for a few hours and doing some detailed searches. (note: even easier where you've a utility like AAM where some of the pro's and con's of different offers are spelled out a little clearer than having to go through legal Ts&Cs).Does this make any since to do, shop around (Eddie Hobs style) and try to get best interest rates from various banks for short to medium terms. Lodging maybe 100 k, should get good return as interest rates as going up also ?
If you are a top-rate taxpayer, €10k lobbed into your pension only costs you about 5,500.
I can understand this if the OP was moving the money out of a company and had to pay income tax on it. Is this still an advantage if the €160k is 'clear profit' ie, already sitting in his personal bank account?
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