Using a Pension to Repay a Mortgage

This calculator shows what might happen if you redirect the capital element of your mortgage payments into a pension and pay just interest to the lender. The money you save into a pension will benefit from tax relief and you can take 25% of whatever the fund is worth at retirement to repay your mortgage. The remainder of the fund is used to provide a pension for the rest of your life. We provde investment returns for growth rates of 5%, 7% and 9% pa - the actual growth your pension achieves could be higher or lower.