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lyndsey
Apprentice
Joined: 20 Nov 2004
Posts: 3
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 Posted: 11/11/07 - 07:46 Post subject: |
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| I am going to retire next year and I have credit with mortgage on my house. Because I have three different pensions, state, occupational and private, I wonder if I can take part of occupational and private pension to overpay my mortgage. I think it is a good idea because I will decrease my interest expenses and I will have my house free with out of mortgage. |
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fritz
Apprentice
Joined: 10 Feb 2006
Posts: 9
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| Posted: 12/10/07 - 23:33 Post subject: |
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| I think that this is a good way to reduce all your debts, why should you pay a credit and interest when you have money from your pension. Of course you can’t take all of your pension money at once because you will have to pay tax on that amount and you will lose the thing you suppose to get. If you pay tax on all amount of your pension I think it will be bigger than interest on your credit. So my proposal is to take all of tax free money to pay off mortgage, nothing more. |
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