Rationaleyes
Registered User
- Messages
- 22
I take the view that the tax position in Ireland is such that it makes little sense to invest outside a pension wrapper while carrying a mortgage.
100% agree.
The only exception is if you think you might need the money in the near future for a large purchase such as a car which you won't be able to pay for out of your income.
So even if you don't anticipate such an investment, it might be ok to put €20k into equities and have it there in case you need it.
Then pay down the mortgage.
Brendan
I will be getting a mortgage with a <60% LTV
Hi Brendan can you explain this to me? Does it make sense if I'm 34 and maxing AVCs or should I not and overpay the mortgage as much as possible? I'm at the lower rate.Absolutely
We all just assumed that you were going to get tax relief at the top rate.
It makes no sense at all for a person in their 20s to contribute to a pension unless they are getting tax relief at the top rate.
Brendan
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