Use of pension funds to reduce or pay off mortgage

I'm thinking of using my redundancy payment and also my accumulated pension fund to reduce or even pay off my mortgage. Is this advisable ? Any pitfalls ?

How are you going to access you pension funds? Do you mean an occupational fund refund of personal contributions only less standard rate tax because you have been a member for less than 2 years?

Whether or not it's a good idea really depends on your overall financial circumstances. See these threads for some relevant info.

Savings = Mortgage.. What to do?
Pay mortage off early

And use the search facility to find more on the same topic.

A pension is savings for retirement and should not be diverted into paying off a mortgage in my opinion.
Irish people don't seem to realise the expense of retirement.
Housing should be a seperate issue.

you cannot eat your house