Pension Mortgage Calculator

Tax relief is available on pension contributions effectively making a £100 contribution cost only £80 for a basic rate tax payer or £60 for a higher rate tax payer (see here for limits on tax relief). Pensions grow tax efficiently and at retirement you may take a tax free lump sum of up to 25% of the pension value which could be used to pay off some or all of your mortgage

A pension is a very tax efficient way of repaying a mortgage but, as with all investments, you should monitor its performance regularly and be prepared to make adjustments, including changes to the funds in which it is invested or the amount that you save.