EPISODE · Mar 24, 2022 · 21 MIN
E4: Should you pay more into your mortgage or pension? With Abba Newbery, Ken Okoroafor and Rachael Oku
from The Pension Confident Podcast
Data from the Office for National Statistics suggests that one in four people think of their property as a way of funding retirement. The property market has seen huge growth over the decades, rising way above inflation. But does investing in property at the expense of your pension really make more sense financially? We look into the mortgage versus pension debate with the help of: CMO of Habito; Abba Newbery Founder of the Financial Joy Academy and The Humble Penny; Ken Okoroafor PensionBee's VP Brand and Communications; Rachael Oku *Just a couple of extra points around pensions and beneficiaries that we didn't mention on the podcast: Pensions usually fall outside of someone's estate, but not 100% of the time. When someone passes away before age 75, tax is treated the same regardless of whether they have previously accessed their pension or not. Further reading: Read more on what to think about when weighing up the advantages of pensions or property on our website: Episode four transcript Pension or property - which should I invest in? Pension rules after death Should I pay off my mortgage before retirement? How to diversify your pension investments Pension beneficiaries Property and retirement video Other useful resources: One in six over-55s have no pension savings yet (Unbiased) House prices have tripled since the Millennium Information on the S&P 500 Index Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Abba on X and LinkedIn and Ken @TheHumblePenny on X, TikTok, Instagram, Facebook, YouTube and LinkedIn. Don't forget to leave us a review and send your feedback and ideas to: [email protected]
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E4: Should you pay more into your mortgage or pension? With Abba Newbery, Ken Okoroafor and Rachael Oku
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