Max Out Pension Contributions / Take Mortgage Break?

[tatari]

Would it make sense to take a six month mortgage break and use *all* the excess cash to max out AVCs for the period?

I'm 46, paying tax at 40%, paying into a DC scheme. I'm currently doing 8% contribution matched 7.5% by employer

 

[Brendan Burgess]

The question cannot be answered in isolation. You should start a thread in the Money Makeover forum.

Key Post - Basic information required for the "Money Makeover" forum

It can be difficult, but please try to use a meaningful title in your thread For example "27 year old with mortgage arrears". You will get a much better and much more coherent answer if you give as much information as possible in your first post. For example, if you give your mortgage rate, it...

www.askaboutmoney.com

 

[moneymakeover]

Would it make sense to take a six month mortgage break and use *all* the excess cash to max out AVCs for the period?

I'm 46, paying tax at 40%, paying into a DC scheme. I'm currently doing 8% contribution matched 7.5% by employer

Three questions

What is pension balance?
What is your mortgage balance?
What time remaining on your mortgage?

Essentially if your mortgage is low, and your pension is also low then yes go ahead take mortgage break to increase pension