I think I've come to an easy decision on the ISA front.
I've got quite a flexible mortgage and have the ability to borrow back as well as repay huge sums with no penalty (largely thanks to the fact I was lucky enough to get on the property ladder before the 2001 boom so have equity).
On this basis for now I might as well just max out my ISA every year, should there come a point where the interest rates mis-match and I'm losing money having it in the ISA I'll just withdraw it and pay off a chunk of the mortgage, if this doesn't happen then I've managed to utilise my ISA allowance every year so by the time my mortgage IS paid off I've got a nice tax free pot. It just means my mortgage will take longer to pay off, but every year through cost of living rises the overhead of a mortgage becomes less and less significant as it stays the same (providing the interest element is paid).
This thread has certainly given me some new things to consider though, personally I don't think the pension route is the one I want for several reasons, despite in theory being the most profitable/lucrative option.
Thanks again for all the replies.
I've got quite a flexible mortgage and have the ability to borrow back as well as repay huge sums with no penalty (largely thanks to the fact I was lucky enough to get on the property ladder before the 2001 boom so have equity).
On this basis for now I might as well just max out my ISA every year, should there come a point where the interest rates mis-match and I'm losing money having it in the ISA I'll just withdraw it and pay off a chunk of the mortgage, if this doesn't happen then I've managed to utilise my ISA allowance every year so by the time my mortgage IS paid off I've got a nice tax free pot. It just means my mortgage will take longer to pay off, but every year through cost of living rises the overhead of a mortgage becomes less and less significant as it stays the same (providing the interest element is paid).
This thread has certainly given me some new things to consider though, personally I don't think the pension route is the one I want for several reasons, despite in theory being the most profitable/lucrative option.
Thanks again for all the replies.
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